Where should Rhonda put the administrative expenses for her business when she prepares her financial forecasts?
A) In the amount of sales section
B) In the operating expenses section
C) In the cost of goods sold section
D) In the interest expense section

Question

Quizplus · Accepted Answer

Administrative expenses are considered operating expenses, which are expenses required to run the business operations. Therefore, they should be included in the operating expenses section of the financial forecasts.

Where Should Rhonda Put the Administrative Expenses for Her Business