Nasdaq's selling, general and administrative expense fell by 22% between 2004 and 2007, while revenue quintupled during that period.
The cut was defensible: Coke's selling, general and administrative expense had ballooned to 45% of revenue from 35% in the mid-1980s.
Appropriate discounts were taken because of the assets being in partnership solution and interest on the loan was deducted as an administrative expense.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
Other examples of profligacy are too numerous to detail but suffice that SandRidge has, by a large margin, at over 7.1% of its market cap, the largest general and administrative expense ratio of all its peer group.
FORBES: Tom Ward Of SandRidge Energy: Another CEO That's Got To Go
Still, gross profit declined 2%, principally due to increased building material costs and selling, general and administrative expense rose 14%, primarily due to investments in personnel and other expenses related to plans for growth, including the start-up of its Lexington, Ky.
Sales and marketing expenses moved in the reverse direction of revenues, increasing 10%, while general, administrative and technology expense was up 24%.
FORBES: Overstock Q4 Misses; Says People Couldn't Find The Site
"The case is about allowing a trustee to do his job, and freely deduct administrative costs including investment management fees as a business expense, " Cantrell says.
For the expense figure, take the "general and administrative" costs disclosed on the income statement.
The expense ratio of the mutual funds and certain administrative cost may be disclosed (at best), but other significant fees, such as brokerage, are not.
FORBES: "Capping" 401k Revenue Sharing: Record-keepers Block Rebates To Participants (May 19,2008)
This step could save tens of billions of dollars a year by reducing hospital and physician office administrative expenses, as well as health plan back office expense.
Some states subsidize some or all of the expense of the exam, while others add an administrative fee.
Looking at the total plan expenses, including administrative and record-keeping fees, the 401(k) Averages Book found that the average total expense for a small plan in 2012 was 1.46%, with a range between a low of 0.38% and a high of 1.97%.
应用推荐