Question
Bright Future Inc. reported the following financial data for the current year: Legal and accounting fees: $1,500,000 Office rent: $3,100,000 Interest on long-term debt: $2,300,000
Bright Future Inc. reported the following financial data for the current year:
Legal and accounting fees: $1,500,000
Office rent: $3,100,000
Interest on long-term debt: $2,300,000
Loss on sale of fixed assets: $400,000
Freight in: $1,600,000
Freight out: $1,800,000
CEO and CFO salaries: $2,000,000
Business insurance: $900,000
Sales commission: $2,500,000
Research and development costs: $1,500,000
Marketing expenses: $1,700,000
The office space is utilized equally by the sales and finance departments.
Requirements:
Compute the total general and administrative expenses.
Determine the total amount for sales and marketing expenses.
Calculate the total R&D expenses.
Identify and compute the non-operating expenses.
Calculate the overall total expenses for Bright Future Inc.
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