Which of the Following Would Not Be Included in a Selling

question 24

Multiple Choice

Which of the following would not be included in a selling and administrative expenses budget?

• A) Budgeted salary expenses
• B) Budgeted rent expense
• C) Cash payments for selling and administrative expenses
• D) Budgeted interest expense

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Definitions:

Average Inventory

An accounting measure used to estimate the value or quantity of inventory over a period, typically calculated as the sum of the starting and ending inventory divided by two.

Beginning Inventory

The value of a company’s inventory at the start of an accounting period, before any purchases or sales have occurred.

Quarterly

occurring every three months or four times a year, often used to describe the periodic reporting schedule of businesses and investments.

Cost of Goods Sold

The expenditure directly associated with producing a company's sold goods, covering materials and labor involved.