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The daily expenses of operating a thrift store tend to be the same as other stores, with the exception of inventory. Such expenses include staff, rent, utilities. The difference between a thrift store and other stores is that inventory is usually donated. Also, some thrift stores primarily use volunteers instead of staff but even in that case the manager is usually paid.

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Q: What are the daily expenses of operating a thrift shop?
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Are selling expenses fixed or variable cost?

selling expenses is a mixed costs. it is a mixture of both fixed and variable components. for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.


How do you calculate clothing donations?

At their market value. That is generally considered the amount that a thrift shop would sell it for...so a $1 or 2 per item is a good rule of thumb.


What are the examples of goodwill?

Volunteering anywhere, being kind loving to people, making relationships with people that will make a difference in their life. Helping out in any shape or form can be considered a goodwill. If you have a goodwill thrift store nearby you can donate and that would also Ironically considered goodwill. Maybe, shop at thrift stores to provide money to non-profit organizations, and give money to charity or church. These were only a few ideas on that I thought of upon hearing this question.


What is the difference between direct and indirect expenses?

Direct Expenses are those costs directly related to the principal activity of the business. Examples include the raw materials used to manufacture a product and the labor costs associated with the work performed to produce the product. Indirect Expenses are those not directly related to the principal activity of the business. Examples include Sales activities, Research and Development activities, and Administrative activities. Simple example: An auto repair business. Direct Expenses would include parts purchased from a vendor to repair an automobile and the labor costs associated with the mechanic who performed the actual repair. Indirect Expenses would include the auto repair shop's advertising costs and the labor costs of the front office receptionist.


Budget for a bakery shop?

A budget for a bakery shop will vary on how big you want the shop to be. To start an average sized bakery, you will want to have at 250,000 dollars to purchase the equipment and get the shop on its feet.