Affordable Tutoring Services had the following results for 2022: Included in the miscellaneous expense category are marketing

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Affordable Tutoring Services had the following results for 2022:

Included in the miscellaneous expense category are marketing costs, a legal retainer, accounting fees, and travel costs.

a. Is this company a service company, a retailer, or a manufacturer? Explain.

b. Analyze each of these costs. Which costs would you investigate further, and why?

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Akshay Agarwal

I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.

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Question Posted: Sep 02, 2023 07:15 AM

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Affordable Tutoring Services had the following results for 2022: Included in the miscellaneous expense category are marketing

Question:

Tutoring revenues Salaries and payroll taxes Affordable Tutoring Services Income Statement for Year Ending December 31, 2022 (52,000) $101,000 Percent of Revenue 100% 51%

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Is this company a service company a a retailer or a ...View the full answer

Managerial Accounting

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