Examlex

Solved

Kristen Owns and Operates a Photography Studio

question 28

Multiple Choice

Kristen owns and operates a photography studio.She has no employees.She is a(n)


Definitions:

Fixed Monthly Expenses

Regularly occurring costs that do not vary in amount from one month to the next, such as rent or loan payments.

Net Operating Income

The revenue left over after subtracting operating expenses, but before deducting interest and taxes.

Selling Price

The price at which a product or service is offered for sale to customers.

Sales Volume

The quantity of products or services sold by a company in a specific period.

Related Questions