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
worty [1.4K]
3 years ago
13

Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commis

sion on sales. In addition, fixed expenses of the sales and administrative offices include the following: Salaries $ 960,000 Utilities 365,000 Office space 230,000 Advertising 1,200,000 Prepare a selling administrative expense budget for the coming year.
Business
1 answer:
Marta_Voda [28]3 years ago
8 0

Answer:

Selling administrative expense budget for the coming year is $3,346,900

Explanation:

In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.

Commission on sales expense = $19,730,000 x 3% = $591,900

Selling administrative expense budget for the coming year = Commission on sales expense + Salaries expense + Utilities expense + Office space expense + Advertising expense = $591,900 + $960,000 + $365,000 + $230,000 + $1,200,000 = $3,346,900

You might be interested in
"Integrated marketing communications represents the _________________ P in the four Ps of a firm's marketing mix. "
lozanna [386]

Answer:

Promotion

Explanation:

The four Ps of of the marketing mix are Pricing, Promotion, Place, and Product.

Integrated marketing communications is part of promotion.

Promotion is defined as the act of increasing awareness about a product or service to the target market with a view of increasing sales. It involves communication beneficial information of a product to the buyer.

Integrated marketing communications which is the process of employing all promotional tools to work in harmony.

Therefore it represents promotion in the marketing mix

6 0
3 years ago
The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
Vika [28.1K]

The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

5 0
3 years ago
How does a global economy impact you?
elena-14-01-66 [18.8K]

Answer:

it impact me because the global helps things to make me smart

Explanation:

mark me brainelest pls

7 0
3 years ago
What is the price at which equilibrium is achieved?
nasty-shy [4]
The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price. 
8 0
3 years ago
Read 2 more answers
​Zane's Vanes is a service that restores old weather vanes. Zane has just spent​ $125 purchasing a​ 1920s-era weather vane which
VladimirAG [237]

Answer:

The marginal benefit from selling the vane without restoring it is $200.

Explanation:

Marginal benefits are the extra income a company can get from selling one additional unit of production.

Zane had already spent $250 in purchasing the vane and the restoration process.

Zane has two options:

  1. Sell the vane as it is for $200.
  2. Keep restoring the vane, spend $200 more and sell the vane for $500.

If Zane decides to sell the vane as it is, his marginal benefit will be $200. That would not be enough to cover his costs, this transaction will result in a $50 loss.

If Zane decides to continue the restoration, then his marginal costs will be $200 extra, but his marginal benefit would be $500. If he chose this option he could end up earning a $50 profit.

8 0
3 years ago
Other questions:
  • When rebuilding a steering system, a can of bolts and nuts was somehow lost. Technician A says to simply go to the hardware stor
    12·1 answer
  • What is the law of comparative advantage?
    8·1 answer
  • Smartphones, ipads, and other mobile devices used to watch videos are sometimes referred to as ______.
    7·2 answers
  • How much does it cost to run a 20 gallon fish tank?
    6·1 answer
  • With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily?
    8·1 answer
  • What is the difference between a public and a private corporation?
    10·1 answer
  • Island Trading Co., a client of your CPA firm, has requested your advice on the following problem. It has three clerical employe
    8·1 answer
  • able below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded
    11·1 answer
  • Which doctor was the first to read the patient's chart in grey's anatomy
    8·2 answers
  • Over the past century, real gdp per person in the u. s. has grown about _____ percent per year, which means it doubles about eve
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!