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Nana76 [90]
3 years ago
7

Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Co

mpany Income Statement For the Quarter Ended June 30 Sales $ 960,000 Cost of goods sold 420,000 Gross margin 540,000 Selling and administrative expenses: Selling $ 200,000 Administrative 75,000 275,000 Net operating income $ 265,000 Other data: Average selling price $60 per unit Selling expenses Fixed selling expenses plus 8% of sales Administrative expense Fixed administrative expenses plus $2 per unit Bee Company's cost formula for total selling and administrative expenses, with "X" equal to the number of units sold would be: Multiple Choice Y = $123,200 + $4.80X Y = $123,200 + $6.80X Y = $275,000 + $4.80X Y = $166,200 + $6.80X
Business
1 answer:
Tanya [424]3 years ago
6 0

Answer:

<u>selling and administrative cost formula:</u>

Y = $166,200 + $6.80X

Explanation:

First we solve for the units sold during hte period:

sales: 960,000

unit selling price: 60

units sold: 960,000 / 60 = 16,000

Then we calcualte the variable cost of both, selling and administrative:

selling variable 8% of selling 8% of $60 = 4.8

administrative $ 2

total variable: 6.8

Now we solve for fixed cost:

275,000 = 6.8 (16,000) + fixed

fixed = 275,000 - 108,800 = 166,200

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ASHA 777 [7]

Answer:

option 3 is correct answer that is $ 25000

Explanation:

Annual dividend paid to stakeholder = 5000\times $50\times 8% =$20,000

Dividend declared and paid in 2013 = $15,000

Preferred dividend = $20,000 -$15,000

                                = $5,000

since the available stocks are cumulative, No dividend has paid to common stockholders in the year  2014 until dividends in 2013 and annual dividends for the year  2014 are paid in full

therefore, $60,000 dividends declared and paid in 2014, the preferred stock holders will receive $5000 for 2013 dividend  and $ 20,000 for 2014 dividends

total dividends received by preferred stock holder in 2014 $5000 + $20,000

= $25,000

5 0
3 years ago
Five employees on the production line working together determine which person is performing which​ tasks, who becomes a member o
irga5000 [103]

Answer:

self-managed

Explanation:

Self-managed teams  are made up of a group of workers that are responsible for defining and signing responsibilities and tasks. They tend to be extremely integrated groups that work very well together. As their name suggests, they are allowed to make decisions and manage themselves, including the supervision and control of each member's performance.

6 0
3 years ago
Financial accounting primarily provides information to which group of decision makers?
Anastaziya [24]

Answer:

A) investors

Explanation:

The main aim of financial accounting to provide information to the investors( existing and would-be) about the performance and position of the business at a particular point in time.

Performance relates to net income earned while the position is about the net assets of the company which is an offshoot of all the assets owned and liabilities(obligations) owed to other parties

4 0
3 years ago
Nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. He should include
Ray Of Light [21]

False, Nathan should not include this in his budget.

When budgeting, there are several things that one should include such as:

  • net income
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  • food
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  • insurance
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Notice how one should include their net income not their gross income. Net income is what comes after tax and this is the disposable income that a person has and can spend from.

In conclusion, Nathan should only include his net income and as this commission is before taxes, he should not include it.

<em>Find out more at brainly.com/question/17474938.</em>

7 0
3 years ago
Assign each of the following to the correct category: A full-time college student multiple choice 1 Employed Unemployed Not in t
drek231 [11]

Answer:

unemployed

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Explanation:

8 0
3 years ago
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