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All of the following are characteristic of algae EXCEPT which ONE of the following?
Operating Expenses
Expenses incurred during the ordinary course of business operations, including costs related to sales, administration, and general activities.
Net Income
The remaining revenue after all costs, expenses, and taxes have been subtracted from a company's total revenue; essentially, a company's profit.
Periodic Inventory
An inventory system in which the inventory count is conducted at specific periods, determining the cost of goods sold by beginning inventory plus purchases minus ending inventory.
Merchandise Inventory
Goods a company intends to sell to customers that are stored as inventory.
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