Inventory Carrying Costs Include All of the Following Except

question 117

Multiple Choice

Inventory carrying costs include all of the following except:

• A) clerical cost of ordering goods
• B) opportunity cost of investment funds
• C) insurance costs
• D) obsolescence and deterioration

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Definitions:

Personal Assets

Personal assets include all property owned by an individual that has value, such as cash, real estate, investments, and personal belongings.

Liabilities

Financial obligations or debts that a company owes to others, recorded on the right side of the balance sheet.

Equity

The rights of the owners of a business.

Stockholders' Equity

Ownership interest reflected by what is left of a company's assets once liabilities have been deducted.