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HP reported the following data: Product development: $19,000,000 Office space lease: $6,200,000 Marketing expenses: $7,400,000 Executive salaries: $4,500,000 Interest on corporate loans: $3,100,000 Sales department
HP reported the following data:
- Product development: $19,000,000
- Office space lease: $6,200,000
- Marketing expenses: $7,400,000
- Executive salaries: $4,500,000
- Interest on corporate loans: $3,100,000
- Sales department wages: $4,200,000
- Travel and entertainment: $1,600,000
- Insurance premiums: $2,300,000
Requirements:
- Calculate the total product development expenses.
- Determine the marketing expenses.
- Identify the total administrative expenses.
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