What are the total selling expenses

Assignment Help Accounting Basics
Reference no: EM131912570

Question - Company separates operating expenses in two categories: 1) selling and 2) general & administrative. The adjusted trial balance at December 31, 2014 included the following expenses and loss accounts:

Interest....$140,000

Advertising....300,000

Freight-out....160,000

Product Development...240,000

Loss on sale of long-term investment...60,000

Officers' salaries....450,000

Rent for office space....440,000

Sales salaries and commissions....280,000

One half of the rented premises are occupied by the sales department. What are the total selling expenses for 2014?

 

Reference no: EM131912570

Questions Cloud

Calculate the concentration of the original solution : The concentration of the final solution is 0.00383 M. Calculate the concentration of the original solution.
Dissolution of the kcl : What is the approximate amount of heat (in J) involved in the dissolution of the KCl, assuming the heat capacity of the resulting solution is 4.18 J/g°C?
An interface for image processing : An interface for image processing - An interface is given to upload the concerned images - Evaluate the proposed work with any existing methods
By what amount will current assets at december : Assuming that none of the error were detected or corrected, and that no additional errors were made in 2016, by what amount will current assets at December
What are the total selling expenses : Loss on sale of long-term investment...60,000, One half of the rented premises are occupied by the sales department. What the total selling expenses for 2014
What do customers do with the firm products : What do customers do with the firm's products? Whole Foods: will use our bags instead of their current paper ones; we will put eco-friendly logos on the bags.
Milliliters of barium hydroxide : How many milliliters of barium hydroxide must be added to reach a pH of 9.042?
Effect of vibration on the molecule : What is the effect of each vibration on the molecule: stretching, bending, or breaking?
Prepare irwin journal entries : The appropriate rate of interest is 11%, and the truck has a useful life of 5 years with no salvage value. Prepare Irwin's 2012 journal entries

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd