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Dafna1 [17]
3 years ago
10

For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal

ary is $190,000, estimated shippingexpenses total 1% of sales, and miscellaneous selling expenses are $10,000. How muchare budgeted selling expenses for the month of July if sales are expected to be$360,000?
Business
1 answer:
bogdanovich [222]3 years ago
8 0

Answer:

The budgeted selling expenses for the month of July is $220,000

Explanation:

The computation of the budgeted selling expenses are shown below:

= Sales commission + sales manager's salary +  shipping expenses +  miscellaneous selling expenses

where,

Sales commission = Sales × commission percentage

                              = $400,000 × 4%

                              = $16,000

Shipping expenses = Sales × expenses percentage

                                = $400,000 × 1%

                                = $4,000

The other expenses amount would remain the same

Now put these values to the above formula  

So, the value would equal to

= $16,000 + $190,000 + $4,000 + $10,000

= $220,000

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1 year ago
Which of the following is a product-based business?
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3 years ago
Kaspar Industries expects credit sales for January, February, and March to be $205,100, $263,100, and $314,500, respectively. It
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Answer:

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February $248,600

March $301,650

Explanation:

Computation for cash collections from customers for each month:

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February: $0 ($263,100 x 75%= $197,325) ($263,100 x 25%=$65,775)

March: $0 $0 ($314,500 x 75%=$235,875)

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Therefore cash collections from customers for each month is :

January $153,825

February $248,600

March $301,650

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