The owner of a jewellery store calculates which of the following by adding up her rent, salary, electricity and phone payments?
A) cost of goods sold
B) operating expenses
C) gross profit
D) revenue

Question

Quizplus · Accepted Answer

Operating expenses are the expenses required to keep the business running, including rent, salary, electricity and phone payments. Cost of goods sold refers to the cost of producing or purchasing the merchandise sold, gross profit is the revenue minus the cost of goods sold, and revenue is the total amount of money that the store earns.

The Owner of a Jewellery Store Calculates Which of the Following