The Formula for Calculating Operating Expenses Percentage Is

question 40

Multiple Choice

The formula for calculating operating expenses percentage is

• A) total sales/operating expenses.
• B) gross sales/operating expenses.
• C) operating expenses/net sales.
• D) average sales/gross sales.
• E) total sales/average sales.

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Definitions:

Valet Parking

A service where an attendant parks and retrieves vehicles for guests at a venue or establishment.

Gross Negligence

An extreme lack of care or failure to act that demonstrates a disregard for the safety or rights of others, potentially leading to legal liability.

Bailment

The transfer of a chattel by the owner to another for some purpose, with the chattel to be later returned or dealt with in accordance with the owner’s instructions.

Reasonable Care

The standard of care that a reasonably prudent person would observe under a given set of circumstances.