4) What is the total amount of the entity's selling expenses? Provide the final answer and solution.5) What is the total amount classified as other expense? Provide the final answer and solution.I need this ASAP. Thank you. ABC Company accounts show the following balances:Cost of goods soldInsurance expenseAdvertising expense320,00075,00025,000Freight-outLoss on sale of equipmentRent expense (one-half pertains to sales department)Salaries expense (1/4 pertains to non-sales personnel)Sales commission expense30,0007,00080,000150,00010,000Bad debt expense5,000Interest expense5,000

Costs refer to the amount spent by the individual to purchase something or by the product…

4) What is the total amount of the entity's selling expenses? Provide the final answer and solution. 5) What is the total amount classified as other expense? Provide the final answer and solution. I need this ASAP. Thank you.

4) What is the total amount of the entity's selling expenses? Provide the final answer and solution. 5) What is the total amount classified as other expense? Provide the final answer and solution. I need this ASAP. Thank you.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

4) What is the total amount of the entity's selling expenses? Provide the final answer and solution.

5) What is the total amount classified as other expense? Provide the final answer and solution.

I need this ASAP. Thank you.

ABC Company accounts show the following balances:
Cost of goods sold
Insurance expense
Advertising expense
320,000
75,000
25,000
Freight-out
Loss on sale of equipment
Rent expense (one-half pertains to sales department)
Salaries expense (1/4 pertains to non-sales personnel)
Sales commission expense
30,000
7,000
80,000
150,000
10,000
Bad debt expense
5,000
Interest expense
5,000

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