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
44. A barrier to entry is
Andreyy89

Answer:

the answer is E hope that helps you

6 0
2 years ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
You are considering adding a microbrewery on to one of your firm's existing restaurants. This will entail an increase in invento
Contact [7]

Answer:

The change in net working capital resulting from the addition of the microbrewery is $5,500 (decrease)

Explanation:

There are 3 key elements of working capital. These are;

  • Inventory
  • Accounts payable
  • Accounts receivable

Given;

increase in inventory = $8,000

increase in Accounts payable = $2,500

Change in net working capital resulting from the addition of the microbrewery = -$8,000 + $2,500

= -$5,500

8 0
3 years ago
If a business wants to open in a new country, when would it be the best time to do that on the Business Cycle? Why?
lana66690 [7]

Answer:

they need to speak with community

7 0
3 years ago
World Company expects to operate at 80% of its productive capacity of 66,250 units per month. At this planned level, the company
Gnom [1K]

Answer:

Overhead volume variance = $3,000 Unfavorable

Overhead controllable variance = $26,500 unfavorable

Explanation:

As per the data given in the question,

a)

Number of units produced = 80% × 66,250

= 53,000  units

Standard = 26,500 hours ÷ 53,000 units

= 0.5 direct labor hour per unit

Particulars                        a                 b               Direct labor hour(a ÷ b)

Variable overhead rate $331,250      26,500        $12.5 per hour

Fixed overhead rate       $53,000       26,500        $2 per hour

Total overhead rate      $384,250                          $15 per hour

The standard hours to produce 50,000 units = 25,000 (50,000 units × 0.50 hours per unit.)

Applied fixed overhead = $2 × 25,000

= $50,000

Overhead fixed volume variance is

= $53,000 - $50,000

= 3,000 unfavorable

Now

b) Standard hour = 50,000 units × 0.5 direct labor hour per unit

= 25,000

Overhead rate(a) Standard hours(b) Applied overhead(a × b) Actual variance

Variable overhead $12.5 25,000 $312,500

Fixed overhead $2 25,000 $50,000

Total overhead $14.5               25,000           $362,500       $389,000

= $362,500 - $389,000

$26,500 unfavorable

If the actual cost is more than the standard one than the variance should be unfavorable and If the actual cost is less than the standard one than the variance should be favorable

6 0
3 years ago
Other questions:
  • What is the best Honda dirt bike?
    9·1 answer
  • How are random events taken into consideration during both hindsight bias and overconfidence?
    14·1 answer
  • Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
    5·1 answer
  • For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and wi
    12·1 answer
  • Jetson Spacecraft Corp. shows the following information on its 2019 income statement: sales = $214,000; costs = $91,000; other e
    15·1 answer
  • Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blower
    6·1 answer
  • The Fox Company uses the weighted average method. The beginning work in process consists of 20,000 units (100% complete as to ma
    13·1 answer
  • The decision to issue additional shares of stock is an example of: Multiple Choice working capital management. a controller's du
    7·1 answer
  • On August 31, a hurricane destroyed a retail location of Carla Vista's Clothier including the entire inventory on hand at the lo
    7·1 answer
  • A property sold in april for $216,500. it sold again 9 months later for $245,750. what was its average monthly rate of appreciat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!