Author Question: Which of the following CANNOT be found on the Income Statement? a. Revenue b. Fixed Expenses c. ... (Read 43 times)

torybrooks · **on:** Aug 10, 2018

Which of the following CANNOT be found on the Income Statement?

a. Revenue
b. Fixed Expenses
c. NOI
d. Labor Costs
e. Assets

Question 2

List five controllable expenses.

What will be an ideal response?

dpost18 · **Reply #1 on:** Aug 10, 2018

Answer to Question 1

E

Answer to Question 2

Five of the following.
a. Salaries and wages: employee payroll
b. Employee benefits: employee meals, Social Security taxes, medical insurance costs, workers' compensation insurance, etc.
c. Direct operating expenses: costs involved in the operation of the business, such as uniforms, laundry, and decorations
d. Music/entertainment: live or canned music
e. Marketing: promotion, advertising, etc.
f. Energy and utility service: cost of fuel, water, waste removal, etc.
g. Administrative and general: overhead costs not directly connected with providing customer service, such as telephone, postage, and office supplies
h. Repairs and maintenance: cost of repairing and maintaining the building and equipment