1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
3 years ago
10

Pallen Company estimated sales of 11,000 units at $40 each, unit cost of goods sold of $22, marketing expense of $65,000 and a 1

0% commission on each unit sold. Administrative expense is budgeted at $50,000. What is total selling expense?A. $44,000
B. $84,000
C. $65,000
D. $109,000
Business
1 answer:
kirza4 [7]3 years ago
5 0

Answer:

D. $109,000

Explanation:

The total selling expense which is an element of the income statement is the sum of the marketing expense and the sales commission.

The sales commission as given is a percentage of the number of units sold.

Total selling expense

= $65,000 + (10% * $40 * 11,000)

= $65,000 + $44,000

= $109,000

You might be interested in
Staples promises an excellent online shopping experience, free delivery for purchases over $49.97, buy-online-collect in store,
Vanyuwa [196]

Answer:

b. a market penetration strategy

Explanation:

Market penetration means that it offered a greater products range at the lower price in order to outplayed the competitors and the customers for purchasing the product from the new company

Since in the given situation, it is mentioned that the free delivery is to be provided when purchase is more than $49.97 also the wider range is available

So the option b is correct

3 0
2 years ago
Handmade Soaps Company had operating expenses of $52,000. At the beginning of the year, Handmade Soaps owed $15,000 on accrued l
Softa [21]

Answer:

Cash Paid = $62000

Explanation:

To calculate the amount of cash paid by the business for operating expenses during the year, we use the following equation.

Cash Paid = Opening Accrued liability + Operating expenses for the year - Closing Accrued Liability

By plugging in the values for opening accrued liabilities, operating expenses for the year and closing accrued liabilities in the above formula, we can calculate the amount of cash paid for operating expenses.

Cash Paid = 15000 + 52000 - 5000

Cash Paid = $62000

3 0
2 years ago
Financial assets are priced via the balance of _____ and _____. question 56 options: assets and liabilities supply and demand do
umka21 [38]

Financial assets are priced via the balance of supply and demand.

<h3>What do the terms supply and demand mean?</h3>
  • Supply and demand is an economic theory that describes how prices are set in a market in microeconomics.
  • In a competitive market, it is hypothesized that all else being equal, the unit price for a specific good or other traded goods, such as labor or liquid financial assets, will fluctuate until it settles at a stage where the quantity demanded (at the current price) will equivalent the quantity supplied (at the current price), resulting in an economical equilibrium for price and quantity transacted.
  • It is the theoretical cornerstone of contemporary economics.

To learn more about supply and demand, refer to the following link:

brainly.com/question/1222851

#SPJ4

4 0
2 years ago
Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
arsen [322]

Answer:

use prezi

Explanation:

8 0
2 years ago
Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo
Soloha48 [4]

Answer:

the numbers are missing, so I looked for a similar question:

  1. Investment in the business $17,010
  2. Borrow cash $7,620
  3. Purchase equipment $8,300
  4. Revenues earned $298,600
  5. Expenses incurred $210,900
  6. Dividends $15,000

since there is not enough room here, I used an excel spreadsheet. I assumed all sales were on cash and all expenses were also paid using cash.

Download pdf
8 0
3 years ago
Other questions:
  • The General Fund of the City of Snake River operates on a calendar year basis. It sends bills to property owners on January 2. T
    15·1 answer
  • You are a marketing director for a large food manufacturer. lately, you have noticed that you are spending a great deal more tim
    13·1 answer
  • Suppose that demand is perfectly inelastic at 20 million bags, so that consumers demand 20 million bags no matter what the price
    11·1 answer
  • Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,104. It will have
    10·1 answer
  • OB research on job performance and individual characteristics draws primarily from studies in ___________. a.social relationship
    13·2 answers
  • During 2017, Ecuyer Industries reported cash provided by operations of $794,000, cash used in investing of $686,000, and cash us
    10·1 answer
  • Travers Manufacturing incurred $106,000 of direct labor and $11,000 of indirect labor. The proper journal entry to record these
    14·1 answer
  • The following 2017 financial information pertains to Koosman Konsulting, established January 1, 2017. 1. Started company by sell
    10·1 answer
  • The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for: A. a m
    5·1 answer
  • Evaluate the importance of doha development round?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!