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arlik [135]
3 years ago
14

Last year’s sales were $9,815,000 and are projected to increase by 4.5% for next year. Last year’s expenses were 41% of last yea

r’s sales and are projected to decrease by 1.5% for next year. Last year the business earned a profit of $4,587,600. Profit is expected to increase by 2% over last year’s figures. Based on the last year’s figures and the projected changes in sales, expenses and profit, calculated forecasted sales, expenses and profits for the upcoming year. Calculate the amount left to spend on advertising.
Business
1 answer:
Nutka1998 [239]3 years ago
7 0

Answer:

t oadvertize there is 1,435,164.80   dollars available.

Explanation:

Sales: 9,815,000 x (1 + 4.5%)  =  10,256,675.00

general expenses are 41% of sales but will decay by 1.5%

10,256,675 x (0.41) x (1 - 0.015) =  4,142,158.20  

Profit will increase by 2%

4,587,600 x (1 + 2%) = 4,679,352

The amount available for advertizing spending is the difference between sales and the cost and profit:

sales - expenses - advertizing = profit

sales - expenses - profit = advertizing

advertizing = 10,256,675.00  - 4,142,158.20    - 4,679,352

advertizing = 1,435,164.80  

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Answer:

Difference= $60,000 in favor of buying

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Giving the following information:

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applied fixed overhead, $32

Buy:

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<u>First, we will calculate the avoidable fixed overhead per unit:</u>

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Total cost of production= 12,000*65

Total cost of production= $780,000

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Should the United States pass a balanced budget amendment? Explain your answer.
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Answer:

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Assume that a bank receives a cash deposit of $9,000 from a customer. What is the immediate impact of this transaction on the mo
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the money multiplier = 1 / reserve ratio

in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5

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