Question
Prime Tech Ltd. reported the following expense data: Legal fees: $1,600,000 Rent for office space: $2,900,000 Interest on mortgage: $2,200,000 Loss on abandoned machinery: $350,000
Prime Tech Ltd. reported the following expense data:
Legal fees: $1,600,000
Rent for office space: $2,900,000
Interest on mortgage: $2,200,000
Loss on abandoned machinery: $350,000
Freight in: $1,300,000
Freight out: $1,700,000
Executive team salaries: $2,100,000
Property and liability insurance: $900,000
Sales team salaries: $2,400,000
R&D costs: $1,200,000
Marketing and advertising: $1,500,000
The office space is used equally by the sales and accounting departments.
Requirements:
Calculate the total general and administrative expenses.
Determine the total sales and marketing expenses.
Compute the total research and development expenses.
Identify non-operating expenses from the provided data.
Calculate the total operating expenses for Prime Tech Ltd.
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