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Microsoft reported the following expenses for the year: Cost of goods sold: $10,000,000 Marketing expenses: $4,500,000 Executive salaries: $6,200,000 Interest on short-term loans: $3,400,000 Utilities:
Microsoft reported the following expenses for the year:
- Cost of goods sold: $10,000,000
- Marketing expenses: $4,500,000
- Executive salaries: $6,200,000
- Interest on short-term loans: $3,400,000
- Utilities: $1,200,000
- Insurance premiums: $2,800,000
- Warehouse rent: $3,600,000
- Legal fees: $1,500,000
Requirements:
- Identify the amount of selling expenses.
- Determine the administrative expenses.
- Calculate the total general expenses.
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