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Author Question: Which of the following CANNOT be found on the Income Statement? a. Revenue b. Fixed Expenses c. ... (Read 21 times)

torybrooks

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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?


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dpost18

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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


torybrooks

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Reply 2 on: Aug 10, 2018
Excellent

ryansturges

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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