Question
Quantum Tech has the following financial details for the year: Legal fees: $1,900,000 Office and lab rent: $3,200,000 Interest on corporate bonds: $2,300,000 Loss on
Quantum Tech has the following financial details for the year:
Legal fees: $1,900,000
Office and lab rent: $3,200,000
Interest on corporate bonds: $2,300,000
Loss on write-off of obsolete inventory: $350,000
Freight in: $1,600,000
Freight out: $1,850,000
Executive salaries: $2,200,000
Health insurance: $950,000
Sales team salaries: $2,600,000
R&D expenses: $1,400,000
Marketing campaigns: $1,800,000
The office space is used equally by the sales and research departments.
Requirements:
Calculate the general and administrative expenses.
Determine the total sales and marketing expenses.
Compute the total research and development expenses.
Identify the non-operating expenses.
Compute the overall total expenses for Quantum Tech.
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