Question
Zenith Technologies has provided the following expense details: Legal fees: $1,800,000 Office lease payments: $3,200,000 Interest on mortgage: $2,200,000 Loss on abandoned machinery: $350,000 Freight
Zenith Technologies has provided the following expense details:
Legal fees: $1,800,000
Office lease payments: $3,200,000
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: $2,300,000
Property and liability insurance: $900,000
Sales team salaries: $2,600,000
Research and development: $1,400,000
Marketing and advertising: $1,700,000
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.
Calculate the total operating expenses for Zenith Technologies.
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