Học từ vựng | Vocabulary learning |administrative expenses
administrative expenses ()
/ædmɪnɪstreɪtɪv ɪkspɛnsɪz/
/ædmɪnɪstreɪtɪv ɪkspɛnsɪz/
business expenses that are not related to the cost of goods or sales, such as salaries of office staff, insurance, and legal and accounting costs.
The company's administrative expenses can be divided into personnel, travel, building occupancy and other similar costs. In most straight personal bankruptcy cases there are no assets left after payment of administrative expenses.
In the company's financial report, it was evident that a significant portion of the budget was allocated to cover administrative expenses such as salaries, office rent, and utilities.
The nonprofit organization was determined to reduce its administrative expenses in order to allocate more funds to their charitable programs.
When analyzing the profitability of a small business, it's crucial to account for all administrative expenses to determine the net income accurately.
