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sweet [91]
4 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]4 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

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The answer is C) 5 years

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6 0
4 years ago
Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to
marshall27 [118]

Answer:

Option (C) is correct.

Explanation:

Given that,

Population rises from 40 million to 44 million

Country's Real GDP rises from $825 billion to $890 billion during this same period.

Therefore,

This country experiencing a absolute economic growth because of the rise in real GDP.

Initial per capita growth:

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= $890 ÷ 44 million

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Above calculations clearly shows that there is a decline in the per capita growth.

Hence, there is an absolute economic growth but not per-capita real.

8 0
3 years ago
When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho
Olenka [21]

Answer:

True

Explanation:

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7 0
4 years ago
The first and easiest skill set that a human resource manager should develop is ______ skill set. a. business b. conceptual and
jeka94

Answer:

C) technical

Explanation:

One of the most important and critical issues that HRM are facing currently, is that technology is outpacing our ability to use it. And that applies to them also, that is why it is so critical for HRM to first develop technical skills, e.g. HR information software, social media handling, SQL and reporting, cloud technologies, etc.

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8 0
3 years ago
Read 2 more answers
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raketka [301]

Answer:

That is correct this is a liability

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That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.

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4 years ago
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