Vet Manager Exam Prep

Category - CVPM

Personal property taxes that are paid by the Veterinary Hospital for the value of the inventory, insurance premiums, and pharmacy fees are an example of what type of inventory expense?
  1. Ordering expense
  2. Operational expense
  3. Holding expense
  4. Unit cost
Explanation
Answer: C- Personal property taxes that are paid by the Veterinary Hospital for the value of the inventory, insurance premiums, and pharmacy fees are an example of holding expenses.
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