Usually it is divided in two sections: the selling expenses and the administrative expenses. Both selling expenses and administrative expense may be fixed or variable (see cost behaviour). For example sales commission and freight cost on sales are variable selling expenses where as sales salaries are fixed selling expenses.
Population of Europe 2016 Based on the population growth between 2014 and 2015 and the population of Europe in 2015, the population of Europe in 2016 is estimated to be about 741.2 million people, which is the third most populous continent behind Asia and Africa.
The European Union, as it is now known, now consists of 25 member states and presidency of the organisation changes annually. Britain, Ireland and Denmark joined in 1973, Greece joined in 1981, Spain and Portugal in 1986, Austria, Finland and Sweden in 1995. On 1 May 2004, 10 new states from Eastern and Southern Europe joined the community. The EU is now the world's largest trading bloc by population, with about 455 million citizens.