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salantis [7]
3 years ago
8

A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salari

es: $1,250; Sales commissions: 5% of sales; Advertising: $10,000; Depreciation on store equipment: $25,000; Rent on administrative building: $30,000; Miscellaneous administrative expenses: $5,000. The total general and administrative expenses on the January general and administrative expense budget will be $.
Business
1 answer:
yulyashka [42]3 years ago
4 0

Answer:

$61,250

Explanation:

The computation of the total general and administrative expense is shown below:

= Administrative salaries + Rent on administrative building + Miscellaneous administrative expenses + Depreciation on store equipment

= $1,250 + $30,000 + $5,000 + $25,000

= $61,250

All other expenses which are given in the question are related to the selling expenses.  Hence, ignored it

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Mike deposited $100,000 in a bank and procured a certificate of deposit on it, payable to himself, for repayment in five years w
horsena [70]

Answer:

The correct answer is letter "D": an installment note.

Explanation:

An installment note is a promissory commitment for payment of the principal and interest of a debt. The payments are distributed in equal periods of time -usually monthly, and represent the amortization of the total amount owed. According to the agreement, a minimum amount can be established to be paid to avoid more debt.

7 0
3 years ago
The common share of Atlanta, corp., is selling for $42 a share and investors require a 15% return on the stock. If two thirds of
dalvyx [7]

Answer:

$4.00

Explanation:

the required rate of return=dividend yield(2/3)+growth rate(1/3)

The dividend yield of the stock is defined as the expected dividend divided by the current share price

dividend yield=expected dividend(in 1 year)/share price

dividend yield=2/3*15%=10%

expected dividend=unknown

share price=$42

10%=expected dividend/$42

expected dividend=10%*$42=$4.20

expected dividend=D0*(1+g)

g=growth rate=1/3*15%=5%

$4.20=D0*(1+5%)

$4.20=D0*1.05

D0=$4.20/1.05

D0=$4.00

7 0
3 years ago
Which accurately explains the difference between the stock market and the bond market?
Reptile [31]
<span>Bond prices have an inverse relationship with interest rates. As bond prices rise, yields will fall. Typically this is bullish for stocks as investors move to the equity marke .Equity is bought and sold in the stock market while debt is bought and sold in the bond market.The Stock Market is a subset of the Capital Market.</span>
5 0
4 years ago
Read 2 more answers
Today, Jamie, a police officer with a big-city force, apprehended a suspect
HACTEHA [7]
<h3><u>Full Question:</u></h3>

Today, Jamie, a police officer with a big-city force, apprehended a suspect

fleeing the scene of a convenience store robbery. The suspect ran for three

blocks before Jamie managed to tackle and handcuff him and read him his

rights, by which time other officers had arrived on the scene to take him

down to the station for booking. Jamie later described the situation to family

and friends as "all in a day's work," but in organizational terms this is an

example of

The options are:

A) job performance.

B) citizenship behavior.

C) routine task performance.

D) creative task performance.

E) adaptive task performance.

Adaptive task performance.

<h3><u>Explanation:</u></h3>

The process by which the individual transforms the resources of organisation into some useful goods and services is called task performance. When the task demand for a particular product or services is in a known pattern and routine in nature it is called as routine task performance.

In an adaptive task performance, there will an unpredictable way of responses form the employees. this is also called as adaptability. The task demand will not be usual in this case. The scenario given can be considered as an Adaptive task performance in terms of an organisational context.

4 0
3 years ago
Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the
patriot [66]
Why are they giving $110,000 more?
5 0
3 years ago
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