Components of Cost of Sales for Parking Lot Business
I need to perform an analysis on a parking lot business, but I am struggling to understand what I have to include in the cost of sales for the business.
Cost of sales. I can see the average for the industry is 25%, but what is in it?
Operating expenses. According to the industry average, operating expenses are around 64% and it is made of pensions, repairs, rent paid on business property, depreciation, amortization, salaries and wages, advertising, local licenses, and other operating expenses.
Thanks a lot in advance!