Question
Pioneer Enterprises has listed the following expenses for the fiscal year: Legal consultation fees: $1,900,000 Office rent: $3,200,000 Interest on equipment loans: $2,400,000 Loss on
Pioneer Enterprises has listed the following expenses for the fiscal year:
Legal consultation fees: $1,900,000
Office rent: $3,200,000
Interest on equipment loans: $2,400,000
Loss on disposal of machinery: $500,000
Freight in: $1,450,000
Freight out: $2,000,000
Executive salaries: $2,300,000
General insurance: $1,100,000
Sales team salaries: $2,900,000
Research and development: $1,500,000
Marketing campaigns: $1,800,000
The office space is shared equally between sales and administrative departments.
Requirements:
Compute the total general and administrative expenses.
Determine the total sales and marketing expenses.
Calculate the total research and development expenses.
Identify non-operating expenses.
Compute the overall total expenses for Pioneer Enterprises.
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