Questions

MCD2150 - T2 - 2025 Week 1 Workshop 1 Quiz

Multiple choice

Activity 1.6 e) Identify the expenses that are specific to a BIKE STORE as opposed to a GROCERY STORE. Select ALL that apply

Options

A.a. Repair of store fixtures and fittings

B.b. Employee salaries / wages

C.c. Maintenance costs for bike repair equipment

D.d. Cost of bicycles sold to customers

E.e. Wage payment to employees for stacking fresh produce

F.f. Maintenance of customer self checkout registers

G.g. Rent for store premises

H.h. Interest payments from loans used to purchase bikes for resale

I.i. Payment of electricity for the quarter

J.j. Bike promotion and advertising expenses

View Explanation

Verified Answer

Please login to view

Step-by-Step Analysis

We start by restating the scenario to make the context clear: identifying which expenses are specific to a BIKE STORE as opposed to a GROCERY STORE, selecting ALL that apply. Option a: Repair of store fixtures and fittings. This type of expense is generally a general store maintenance cost that could apply to any retail format (grocery or bike store). It is not intrinsically tied to bikes, so it is not specifically a bike-store expense compared to grocery store, making it inappropriate as a bike-store–specific item. Option b: Employee salaries / wages. This is a common operating expense across many retail businesses, including both grocery and bike stores. Since it is not exc......Login to view full explanation

Log in for full answers

We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!