Ask Question
11 April, 06:44

Gerald wants to find out the net income of his business for the last quarter. He deducts the cost of goods sold from the revenue earned during that period and then deducts the operating expenses from the gross profit. If Gerald decides to subtract the salary of his employees from the operating expenses before deducting the operating expenses from the gross profit, which expenses would he be deducting?

+5
Answers (1)
  1. 11 April, 08:28
    0
    Administrative expense is the expense Gerald is deducting.

    Explanation:

    Administrative expense is a kind of general expense that cannot be tied to any job or task in the firm. Unlike operating expense that is more specific and related to activities that generated the gross profit. An example of administrative expense is salaries of secretaries.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gerald wants to find out the net income of his business for the last quarter. He deducts the cost of goods sold from the revenue earned ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers