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Global Enterprises has the following expenses for the year: Legal fees: $1,500,000 Office rent: $2,500,000 Interest on short-term loans: $2,300,000 Loss on sale of inventory:

Global Enterprises has the following expenses for the year:

Legal fees: $1,500,000

Office rent: $2,500,000

Interest on short-term loans: $2,300,000

Loss on sale of inventory: $300,000

Freight in: $1,400,000

Freight out: $1,900,000

CEO and CFO salaries: $2,400,000

Property insurance: $1,100,000

Sales team salaries: $2,700,000

Research costs: $1,200,000

Advertising expenses: $1,600,000

The office space is shared equally between sales and finance departments.

Requirements:

Calculate the amount to be classified as general and administrative expenses.

Determine the total amount for sales and marketing expenses.

Compute the total financial expenses for Global Enterprises.

Identify the direct and indirect expenses from the given data.

Compute the overall total expenses for the year.

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