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
Anestetic [448]
3 years ago
9

The Chief Marketing Officer of the Kimberly-Clark Company will be using a percentage of sales method to set the advertising budg

et for the year. Historically, the company uses 7% of sales for promoting their brand of toilet paper each year. Based on market data, the company estimates to achieve $2.8 million dollars in sales this coming year. What will their budget be for promoting the brand?
Business
1 answer:
Shtirlitz [24]3 years ago
7 0

Answer:

The budget for promoting the brand

= 7% x $2.8 million

= $0.196 million

Explanation:

Since the budget for promoting the brand is estimated at 7% of sales, thus, the budget for promoting the brand is 7% x $2.8 million.

You might be interested in
On November 1, 2015, Elli Company declared a dividend of $3.00 per share. Elli Company has 20,000 shares of common stock outstan
Artemon [7]

Answer:

Option (b) is correct.

Explanation:

The Journal entries are as follows:

(i) On November 1, 2015

Retained Earnings [$3 × 20,000] A/c    Dr. $60,000

To Dividend Payable                                                   $60,000

(To record the declaration of dividend)

(ii) On November 30, 2015

Dividend Payable  A/c     Dr. $60,000

To cash A/c                                             $60,000

(To record the payment of dividend)

3 0
3 years ago
Saving is:a) the difference between real GDP and disposable income while savings is the difference between disposable income and
Bogdan [553]

Answer:

b

Explanation:

Saving is the difference between disposable income and consumption

Saving = disposable income - consumption

for example, if disposable income is $1000 and consumption is $600. Saving is $400

the higher consumption is, the lower saving would be. the lower consumption is, the higher saving would be

Savings is the total amount of money saved over a period of time

3 0
3 years ago
Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number
stellarik [79]

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

4 0
3 years ago
What would you identify as key milestones
kicyunya [14]

Answer:

A milestone is a marker in a project that signifies a change or stage in development. Milestones are powerful components in project management because they show key events and map forward movement in your project plan. Milestones act as signposts through the course of your project, helping ensure you stay on track.

Explanation:

Hope this helps

-A Helping Friend (mark brainliest pls)

6 0
3 years ago
Question 18 :Project managers must balance three elements that compose the project triangle. You are a project manager who is ha
denpristay [2]

Answer: The project scope will increase

Explanation:

From the question, we are informed that there is a project manager who is halfway through a project and then his customer contacts him to say that he has been authorized to provide additional funds for the project.

This will most likely increase the project scope. The project scope simply means the work that is needed to be done in order for a particular project to be accomplished. Due to the increase in funds, it means that more work will be expected.

4 0
3 years ago
Other questions:
  • The use of activity-based costing information to support the decision-making process is known as:
    11·1 answer
  • 9. Gallagher is planning on
    12·1 answer
  • EDGAR, the Electronic Data Gathering. Analysis, and Retreival system, performs automated collection, validation, indexing, accep
    7·1 answer
  • Presented below is information for Concord Corporation for the month of March 2020.
    7·1 answer
  • Bagel's food had to change the labeling on their products to meet the specification regarding vegetarian and non-vegetarian food
    11·1 answer
  • HELPPP ILL MARK BRAINLIEST!!!!
    13·2 answers
  • When a consumer borrows money, the lender will ask the borrower to sign:
    10·1 answer
  • Other types of capital expenditure proposals may also sometimes be paired as either/or choices. Which of the following proposal
    5·1 answer
  • A portfolio is entirely invested into BBB stock, which is expected to return 16.4 percent, and ZI bonds, which are expected to r
    13·1 answer
  • 6. Which of the following could cause a change in the demand curve?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!