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otez555 [7]
3 years ago
10

Which account is not classified as a selling expense? sales salaries delivery expense cost of goods sold advertising expense?

Business
2 answers:
lord [1]3 years ago
8 0
The three out of four in the choices is classified as a selling expense such as sales salaries, delivery expense, and advertising expense. This three are under the account of selling expense while the Cost of good sold or for short COGS is also classified as an expense but the cogs we sold needs to be matched <span>with the pertinent sales on the </span>income<span> statement.</span>
alina1380 [7]3 years ago
7 0
<span>The account that is not classified as a selling expense is </span>Cost of Goods Sold (COGS) . Cost of Goods Sold includes the cost<span> of the materials used to create the good and the direct labor costs used to produce the good. These costs </span><span>are an expense of the business</span> or a company and reduce the profit.
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Since maturity value = Amount

Now, using the formula for calculating the amount,

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Now, substituting the given values in the above formula for amount we get,

Amount = $60,000 × {(1+0.0512)^8}

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Hence, The Maturity Value that Ann must pay is $89,461.

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