SG&A: Selling, General, and Administrative Expenses

Some expenses such as interest expense or tax expense are reported below operating income. Net revenue is always reported at the top, then COGS is deducted to arrive at the gross margin. In the early-to-mid 1960s Gibson’s parent corporation, Chicago Musical Instruments, revived the Kalamazoo brand name for a short time.

The PAP has governed the country continuously since full internal self-government was achieved in 1959, currently holding 79 out of 93 elected seats in Parliament. One of the five founding members of ASEAN, Singapore is also the headquarters of the Asia-Pacific Economic Cooperation Secretariat, the Pacific Economic Cooperation Council Secretariat, and is the host city of many international conferences and events. Singapore is also a member of the United Nations, the World Trade Organization, the East Asia Summit, the Non-Aligned Movement, and the Commonwealth of Nations. As part of its Q financial reporting, Apple reported $12.809 billion of operating expenses for the quarter. Of this, $6.797 billion was research and development, while $6.012 billion was selling, general, and administrative.

What Is the Difference Between COGS and SG&A?

Singapore’s history dates back at least eight hundred years, having been a maritime emporium known as Temasek and subsequently a major constituent part of several successive thalassocratic empires. Its contemporary era began in 1819, when Stamford Raffles established Singapore as an entrepôt trading post of the British Empire. In 1867, the colonies in Southeast Asia were reorganised, and Singapore came under the direct control of Britain as part of the Straits Settlements. During World War II, Singapore was occupied by Japan in 1942 and returned to British control as a separate Crown colony following Japan’s surrender in 1945. Singapore gained self-governance in 1959 and, in 1963, became part of the new federation of Malaysia, alongside Malaya, North Borneo, and Sarawak.

The year 2009 also brought the Guitar Center-exclusive SG Standard with Coil Taps available in both 50s and 60s style necks. The SG design was given a thinner, more contoured body than the Les Paul, and a double cutaway.[3] Not only did this make the upper frets more accessible, it was further eased by moving the neck joint outwards by three frets. The simpler body construction significantly reduced production costs, sg&a meaning and the SG, with its slender neck profile and small heel where it joined the body, was advertised as having the “fastest neck in the world”. SINGAPORE — Stress levels in Singapore have increased steadily since 2021, with close to nine in 10 people (87 per cent) reporting that they felt stressed this year — seven percentage points more than the global average, a new study published on Tuesday (Oct 31) has found.

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Later models of the KG-1 and KG-2 featured a body style similar to the Gibson SG, effectively creating a budget-line model until the brand was dropped in the late 1960s. Gibson currently makes lower-cost, internationally sourced versions of the SG at their subsidiary Epiphone. In many instances, SG&A expenses and operating expenses are one and the same. Both encompass the expenses necessary to operate a business independent of the costs to manufacture goods. General and administrative costs are rarely reported separately; it’s fairly common to see these two costs reported together. In 1980, the first SG manufactured with “active” factory pickups was introduced.

Office rent, utilities, and insurance all are costs of doing business. Departments like human resources and information technology support the business but do not take a direct role in product creation. Companies may aggregate all of these expenses in a single SG&A line, or it may segregate selling costs from general and administrative costs. When these expenses are deducted from the gross margin, the result is operating profit. It’s important to note that not all expenses have been recorded when calculating operating expenses.

Businesses and organizations

Although the company does state that increases to SG&A from prior periods relates to headcount, advertising, and professional services, there is little more transparency beyond these notes. There are also a few specific accounts that may warrant specific accounting treatment that exclude them from SG&A. For example, research and development costs are often not to be included in SG&A. In addition, depreciation costs are often reported in this section of the income statement but excluded from SG&A as well. There are several subtle differences between SG&A expenses and operating expenses.

• Larger companies often separate these types of costs into smaller, specific SG&A categories as this is often easier for companies to track and monitor costs in these groups.
• The Standard has a volume and a tone control for each individual pickup, and a three-way switch that allows the player to select either the bridge pickup, the neck pickup, or both together.
• The category of selling, general, and administrative expenses (SG&A) in a company’s income statement includes all general and administrative expenses (G&A) as well as the direct and indirect selling expenses of the business.
• The year 2009 also brought the Guitar Center-exclusive SG Standard with Coil Taps available in both 50s and 60s style necks.
• With NetSuite, you go live in a predictable timeframe — smart, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.
• Limited-edition variants include the SG Robot Special and the limited-edition Robot SG LTD.

SG&A is both critical to the success of a business and vulnerable to cost-cutting. Cutting the cost of goods sold (COGS) can be tough to do without damaging the quality of the product. SG&A costs are typically reduced after a company merger or acquisition makes it possible to reduce redundancies. The president is directly elected by popular vote for a renewable six-year term.

Private Companies

SG&A is also one of the first places managers look to when reducing redundancies after mergers or acquisitions. That makes it an easy target for a management team looking to quickly boost profits. In 2008, Gibson introduced the Robot SG, which feature a motorized tuning system developed by Tronical. Limited-edition variants include the SG Robot Special and the limited-edition Robot SG LTD. The Robot system was designed to be convenient for players who need to frequently change tunings, without requiring them to manually tune or carry several guitars; however, they also carry a significant price premium. Models produced between 1961 and early 1966 have the original small pickguard; in late 1966 the guitar was redesigned slightly, first with a longer, more robust neck joint, and then came the modern larger semi-symmetrical “batwing” pickguard.

It was first registered in September 1988.[2] It is administered by the Singapore Network https://www.bookstime.com/articles/intuit Information Centre.[2] Registrations are processed via accredited registrars.