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3 years ago

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 $300,000 $350,000 $400,000

Total selling expenses $541,500 $595,750 $650,000

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 .....

Details $ $ $

Sales volumes 300,000 350,000 400,000

Variable selling expenses:

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

Fixed selling expenses:

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

Advertising expense 90,000 90,000 90,000

Misc. selling expense 6,000 6,000 6,000

Total selling expenses  541,500   595,750   650,000 

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:

March 02

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

olya-2409 [2.1K]

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