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BlackZzzverrR [31]
3 years ago
8

I need help with 17 and 18 please

Business
1 answer:
tiny-mole [99]3 years ago
5 0
The Federal Reserve is the nation's CENTRAL bank.
In the early 1800's currency in the US was issues by: B banks
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Prepare a monthly flexible selling expense budget for Cottonwood Company for sales volumes of $300,000, $350,000, and $400,000,
rodikova [14]

Answer:

Sales volumes                            <u>   $300,000  </u>    <u> $350,000 </u>     <u> $400,000</u>

Total selling expenses                <u>  $541,500  </u>    <u>  $595,750 </u>    <u>  $650,000 </u>

Explanation:

Basically, a flexible budget can be described as a budget that adjusts with changes in volume or activity.

Therefore, monthly flexible selling expense budget for Cottonwood Company which adjusts with sales volumes can be prepared as follows:

Cottonwood Company

Monthly Flexible Selling Expense Budget

For the Month .....

<u>Details</u><u>                                                    $                      $                      $      </u>

Sales volumes                             <u>   300,000  </u>        <u> 350,000 </u>     <u> 400,000</u>

<u>Variable selling expenses:</u>

Sales comm. (6% of sales)                18,000              21,000           24,000

Shipping exp. (1% of sales)                 3,000               3,500             4,000

Misc. selling exp. (1.5% of sales)        4,500               5,250             6,000

<u>Fixed selling expenses:</u>

Sales manager's salary                  120,000            120,000         120,000

Advertising expense                       90,000             90,000           90,000

Misc. selling expense                <u>        6,000   </u>       <u>      6,000  </u>      <u>     6,000  </u>

Total selling expenses               <u>   541,500  </u>        <u>  595,750 </u>      <u>  650,000 </u>

8 0
3 years ago
On March 2, Kingbird, Inc. sold $954,000 of merchandise on account to Ayayai Company, terms 4/10, n/30. The cost of the merchand
shtirl [24]

Answer:

Following Journal Entries are recorded for Kingbird, Inc

Explanation:

<u>March 02</u>

Debit: Account Receivable = $954,000

Credit: Sale = $954,000

(Credit Sale is Recorded)

Debit: Cost of Good Sold = $590,000

Credit: Inventory = $590,000

(To Record Cost of merchandise Sold)

6 0
3 years ago
Assume the nominal interest rate on a 15-year fixed-rate mortgage loan is 5 percent. If the expected inflation rate is 2 percent
Oksi-84 [34.3K]

If the expected inflation rate is 2 percent, the expected real interest rate is 3%.

<h3>Expected real interest rate</h3>

Using this formula

Expected real interest rate=Nominal interest rate-Expected inflation rate

Where:

Nominal interest rate=5%

Expected inflation rate=2%

Let plug in the formula

Expected real interest rate=5%-2%

Expected real interest rate=3%

Inconclusion if the expected inflation rate is 2 percent, the expected real interest rate is 3%.

Learn more about expected real interest rate here:brainly.com/question/25456127

7 0
2 years ago
When Job 117 was completed, direct materials to ob 117 was completed, direct materials totaled $4.400: direct labor, $5,600, and
emmasim [6.3K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

direct materials totaled $4,400

direct labor, $5,600

factory overhead, $2,400.

A total of 1,000 units were produced

First, we need to calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

TC= 4,400 + 5,600 + 2,400= $12,400

Now, we can calculate the unitary cost:

Unitary cost= 12,400/1,000= $12.4

4 0
3 years ago
Read 2 more answers
A particular advertisement for a men's cologne was found to be more effective as a magazine ad than as a TV commercial when it w
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Answer:

The vehicle option source effect

Explanation:

This reffers to the point that humans, depending on their context, look at ads differently.

5 0
3 years ago
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