Question
Tech Innovators Inc. has provided the following expense details for the current year: Consulting and legal fees: $1,600,000 Office lease payments: $3,000,000 Interest on bonds:
Tech Innovators Inc. has provided the following expense details for the current year:
Consulting and legal fees: $1,600,000
Office lease payments: $3,000,000
Interest on bonds: $2,500,000
Loss on disposal of old equipment: $450,000
Freight in: $1,300,000
Freight out: $2,000,000
Senior management salaries: $2,100,000
General insurance: $950,000
Sales staff salaries: $2,400,000
Research and development: $1,300,000
Marketing campaigns: $1,800,000
The office space is utilized equally by sales and administrative departments.
Requirements:
Calculate the total general and administrative expenses.
Determine the total expenses related to sales and marketing.
Compute the total R&D expenses.
Identify the expenses that fall under non-operating expenses.
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