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Problem 1: Salaries and bonuses for a company's sales force are counted as part of which expense category?
Group of answer choices
Option 1: General and Administrative Expenses
Option 2: COGS
Option 3: Other income
Option 4: Selling and Distribution Expenses
Problem 2: A company has Cash = $200,000; Inventory = $250,000; Accounts Receivable = $150,000; Fixed Assets = $300,000; Long Term Liabilities = 50,000; and Accounts Payable = $75,000. Compute the company's Current Asset balance.
Option 1: $400,000
Option 2: $900,000
Option 3: $450,000
Option 4: $600,000
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