If a period cost, classify it as a selling expense or a general and administrative expense. Sales of new product 225,000 Expenses Materials, labor, and overhead (except depreciation) 120,000 Depreciation-Equipment 30,000 Selling, general, and administrative expenses 38,250 Income 36,750 (a) Compute the annual net cash flow. If a product cost, classify it as direct materials, direct labor, or factory overhead. The expected annual income for each year from this equipment follows. Selling, General, and Administrative Expense (often abbreviated as SG&A or SGA) is a line item on the income statement that encompasses all the non-production. Classify each cost as either a product or period cost. Tesla, which is touted as the clean energy revolutionary automaker, is much more than just a car manufacturer. Study with Quizlet and memorize flashcards containing terms like A car manufacturer incurs the following costs. The firm's three-pronged business model approach of direct sales, servicing, and charging its EVs sets it apart from other carmakers. Tesla, which has managed to garner the reputation of a gold standard over the years, is now a far bigger entity that what it started off since its IPO in 2010, with its market cap crossing $1 trillion for the first time in October 2021.? The EV king's market capitalization is more than the combined value of legacy automakers including Toyota, Volkswagen, Daimler, General Motors and Ford.Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The company's flagship Model 3 is the best-selling EV model in the United States. In the final days ahead of the test, you immediately addressed questions and concerns, and gave me the confidence and focus I needed to pass the exam on the first try.Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. Even more impressive was your team's extraordinary support and responsiveness as I prepared for this difficult exam. They gave me the spot-on practice I needed to prepare for the exam. Your exam simulator and study notes for the Series 79 were great. I was figuring I did reasonably well on Collection/Analysis and M&A since I do that for a living and was very comfortable with the subject matter, and completely bombed the underwriting and regs. The 2 minutes it took to compute my score seemed like an eternity. At least half were marked, and I got through about 2/3's of those before time ran out. The construction finally let up, and I blazed through the rest of the exam and had 45 minutes to go back through my marked answers. 2.5 hours in I had a splitting headache, and was certain I would not complete the exam and/or would get less than ½ right. Also the monitor was poor resolution and old, which made it more difficult to focus. The headsets I was wearing seemed to amplify whatever harmonics were coming off of the machinery, so when I pulled them off, it actually worked better. However, I had no idea what the answer was on the first 10 questions on the exam, and that really got me stressed! Just as I moved on to a few questions that were more familiar, construction activity began immediately outside the wall I was sitting at, and continued for 2 hours. I had also printed all of the questions I had missed in practice, and reviewed those in the parking lot before I went in. I was scoring 80% on portions of your exam simulator tests, and reread all of the materials and your study guide 3 times before I went in.
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