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laiz [17]
4 years ago
6

The following are budgeted data for the Bingham Corporation, a merchandising company:

Business
1 answer:
soldi70 [24.7K]4 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Budgeted Sales (at retail):

January $300,000*0.60=  180,000

February $340,000*0.6= 204,000

March $400,000*0.6= 240,000

April $350,000

Cost of goods sold as a percentage of sales 60%

Desired ending inventory 75% of next month sales

April:

Purchase from March= (240,000*0.25) + (350,000*0.60*0.75)=60,000 + 157,500= $217,500

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The heading of an ad in a women's magazine reads, "Charlotte BB cream has been approved by dermatologists. It is good for sensit
ladessa [460]

Answer: Option (A)

Explanation:

Here, in this particular case the ad's source are believing that their message will benefit from the<em> primacy effect.</em> The ad organization is using the primacy effect, so as to have their customers commemorate the first section or piece of the information they come across better than the information which is further presented at the later stage.

Here in this case the Charlotte BB cream is putting forth the prime message , i.e. the cream is good for sensitive skin and is tested by dermatologist and later rest of the message continues.  

3 0
4 years ago
Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5% to open her lingerie shop. The date of the loan was March 5.
dezoksy [38]

Sue will pay back $507.20 in interest expense.

Explanation:

The formula for calculating simple interest is:

SI = P x r x t ÷ 100

  • P = Principal
  • r = Rate of Interest
  • t = Term of the loan/deposit in years

In the given problem,

  • Sue Gastineau borrowed $17,000 from Regions Bank so, P = $17000
  • Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5%, so r = 5.5 %
  • Number of days of the loan = March 5 to September 19
  • Sue borrowed $17,000 from Regions Bank for the period of = 198 days, So t = 198 / 365

Simple Interest = (17000 * (5.5/100) * (198/365))

Simple Interest = (17000 * (0.055) * (0.5424657534246575‬))

Simple Interest = (17000 * (0.055) * (0.5424657534246575‬))

Simple Interest = $507.20

5 0
3 years ago
As Adam traveled across the state of Tennessee, he stopped and bought gas, a bottle of soda, and a bag of corn chips at a small
Contact [7]

Answer:

Solo exchange.

Explanation:

Solo exchange is a type of market exchange where there is a short time horizon for the customer-salesperson relation or interaction. This exchange is conflicting in nature, involving a bargain system.

It involves no bonds or any interest in the other party. Consisting of a simple transaction, this short term interaction involves the parties caring about their interests. So, when Adam bought the items from a small store that will never be revisited constitutes a form of solo transaction.

4 0
3 years ago
What percent of jobs are found through networking
8090 [49]

60-80%

Networking (interacting and communicating with other professionals) is one of the most  effective means of searching for a job.

7 0
3 years ago
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead
Alisiya [41]

Answer: Underallocated for the year by $18,750

Explanation:

Company uses Predetermined overhead rate based on machine hours so;

Applied manufacturing overhead = Predetermined overhead rate * Actual machine hours

Predetermined rate = Estimated manufacturing overhead cost / Estimated machine hours

= 550,000/40,000

= $13.75 per machine hour

Applied manufacturing overhead = 13.75 * 35,000

= $‭481,250‬

Actual Manufacturing Overhead Cost = $500,000

= Applied Overhead - Actual Overhead

= ‭481,250‬ - 500,000

= -$18,750

This means that  manufacturing overhead was underallocated for the year by $18,750

6 0
3 years ago
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