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Unformatted text preview: There are many other areas such as renting the buildings where the campuses are located that would fall under expenses, but I believe this covers the largest areas. These expenses would be found on the “expenses” section (the second section under the revenues) on the income statement. In a quick example shown on the link below, the expenses would be broken down into 4 areas. Wages – of all employees (teachers, sales and marketing department, etc) Cost of Goods Sold – This could be replaced by Cost of Marketing Product Utilities Expenses – For both campuses and sales offices Supplies Expenses – For in class and online classrooms/teachers. Would also include office supplies. Source: http://accountingaide.com/examples/incomestmt.htm...
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This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.
- Spring '10