What type of expense would be shown on an income statement when the owner of a dirt racing track promoted an upcoming race by purchasing advertising time on a local radio station

operating expense

Explanation:

The owner of the racing track spent money in advertising, and advertising expense is a type of operating expense. There are two main types of operating expenses: sales expenses and general and administrative expenses.

Sales expenses include advertising expenses, distribution costs, sales commissions, etc. While general and administrative expenses include administrative salaries, office expenses, etc.

answer; (consensus);

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20