Please answer the following question.

1 Operating expenses include

a.	marketing-related expenses.
b.	the cost for independent dealers to prepare for the distribution of the product.
c.	interest on all loans.
d.	income taxes.

2 A business loan for 9 months would be best described as a(n)

a.	account payable.
b.	accrued expense.
c.	short-term note.
d.	long-tern debt.

3 A company's net income depends on all of the following except

a.	amount of sales.
b.	cost of goods sold.
c.	interest expenses and taxes.
d.	inventory estimates.

4 For the opening day of The Lemonade Kids, MacKenzie and John bought $40 of