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Should bad debt expenses classify as operating expenses or as general and administrative expenses?
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Does rent expense go under selling or general and administrative expenses?
administrative expenses;
What are non factory expenses?
general and administrative expenses marketing expenses
And what is general and administrative expenses?
General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
What is General and Administrative expense?
General and administrative expenses are those expenses which requires to run day to day business activities no matter if there is production going on or not.
What does SAG mean in accounting?
Staffing, administrative and general expenses
What is general expenses and whether it is asset or liability?
Answer:The income statements shows the breakdown of the expenses. The various main expense items of operating income are: cost of revenues/goods sold, R&D expenses, sales and marketing expenses. All other expenses are general expenses (administrative, overhead, etc). General expenses, just like any other expenses, are neither an asset, nor a liability.General expenses can be the result of a decline in the value of an asset (payment of cash, depreciation of value of an asset), or an increase in a liability (electricity bills payable, etc).
A firm can increase its operating return on assets how?
A firm can increase its Operating Return on Assets (OROA) through: (1) Operation Management: Increasing operating profit margin by efficiently managing costs like marketing expenses, general selling and administrative expenses (2) Asset Management: Increasing total asset turnover by selling inventories and collecting accounts receivables as quickly as possible
Is rent considered a SGA expense?
SG&A expenses are sales, general, and administrative expenses. They are company overhead costs that include recurring expenses like rent, office supplies, and salaries.
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
Formula for operating income?
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
Where does utilities expense appear on the financial statement?
It typically falls on the income statement under general and administrative expenses.
Does administrative expenses appear on the income statement?
Yes administration expenses are part of income statmetn as without administration expenses general day to day business activities cannot be run smoothly.
