Which of the Following Is a Retail Selling Expense for a Candle

question 43

Multiple Choice

Which of the following is a retail selling expense for a candle shop?

• A) Interest payment on a start-up loan
• B) Mall rent
• C) Office supplies
• D) Electricity
• E) Salaries paid to its sales staff

---

Definitions:

Physical Inventory Count

A physical inventory count is the process of manually counting all merchandise or stock in a business to verify records and manage inventory levels.

Cost Of Inventory

The total cost incurred to acquire, produce, and place inventory items available for sale, including purchase price, shipping, handling, and storage.

Cost Of Goods Sold

An expense representing the total cost of materials and labor required to produce goods that have been sold in a given period.

Inventory

Assets in the form of materials, work-in-progress, or finished goods held by a company to be sold in the ordinary course of business.