The largest expense of a merchandiser is usually ________.
A) cost of goods sold
B) merchandise inventory
C) selling and administrative expenses
D) purchasing expense

Question

Quizplus · Accepted Answer

Cost of goods sold is the expense incurred by merchandiser while purchasing the products. It includes the cost of goods, transportation cost, customs duty, and other associated expenses. This expense is usually the largest for a merchandiser.

The Largest Expense of a Merchandiser Is Usually ________