The Operating Expenses Section of an Income Statement for a Merchandising

question 185

Multiple Choice

The operating expenses section of an income statement for a merchandising company would not include

• A)Freight-out.
• B)Utilities expense.
• C)Cost of goods sold.
• D)Insurance expense.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and regulating banks.

Interest Rates

The amount charged by lenders to borrowers for the use of assets, expressed as a percentage of the principal, and typically noted on an annual basis.

Excess Return

The return on an investment over the risk-free rate or over an investment's benchmark.

Rapid Growth

Rapid Growth refers to a significant and faster-than-average increase in the size, revenue, or market share of a company or economy.