Groucho Corp One-Half of the Rented Premises Is Occupied by the Sales

question 120

Multiple Choice

Groucho Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following accounts: $\begin{array}{llcc} \text { Accounting and legal fees......................... } & \$140,000 \\ \text {Advertising............................................... } &160,000\\ \text { Freight-out............................................... } &80,000\\ \text { Interest.................................................... } &70,000\\ \text { Loss on sale of long-term investments......... } &30,000\\ \text {Officers' salaries.......................................... } &225,000\\ \text { Rent for office space................................... } &220,000\\ \text { Sales salaries and commissions................... } &170,000\\ \text { } &\\\end{array}$

One-half of the rented premises is occupied by the sales department. Groucho's total selling expenses for 2020 are

• A) $520,000.
• B) $440,000.
• C) $410,000.
• D) $350,000.

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Definitions:

ATP

Adenosine triphosphate, a high-energy molecule used for energy storage and transfer within cells.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane, generating ATP.

Proton Gradient

A gradient of hydrogen ions (protons) across a membrane, used as a source of energy for processes like ATP synthesis.

Potential Energy

The energy held by an object because of its position relative to other objects, stresses within itself, its electric charge, or other factors.