The salary paid to the president of King Company would be classified on the incomestatement as a(n): administrative expense.

direct labor cost.

manufacturing overhead cost.

selling expense

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using: