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vladimir2022 [97]
3 years ago
11

g rporation's budgeted sales for February are $334,000. Webster pays sales representatives a commission of 6% of sales dollars.

The company pays a sales manager a monthly salary of $5,300 and expects advertising expense of $2,900 per month. Compute the total selling expenses to be reported on the selling expense budget for the month of February.
Business
1 answer:
UNO [17]3 years ago
5 0

Answer:

$28,240

Explanation:

Total sales = $334,000

Variable cost:

Sales commissions = $334,000 × 6%

                                = $20,040

Total fixed costs = Sales manager's salary + Advertising expenses

                            = $5,300 + $2,900

                            = $8,200

Total selling expenses = Total variable cost + Total fixed cost

                                      = $20,040 + $8,200

                                      = $28,240

Therefore, the total selling expenses to be reported on the selling expense budget for the month of February is $28,240.

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Answer:

represent the quantity of each good that could be purchased if all of the budget were allocated to that good.

Explanation:

The budget line is a graph which shows the two combinations of goods a consumer can consume given price and income level

<u>Properties of the budget line </u>

  1. When income increases, the budget line shifts outward and shifts inward when income decreases
  2. the horizontal and vertical intercepts represent  the quantity of each good that could be purchased if all of the budget were allocated to that good.
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Which one of the following is not one of the major drivers of unethical managerial behavior?a. Intense competitive pressures. b.
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Answer: e. The pervasiveness of immoral and amoral businesspeople.

Explanation:

Managers are sometimes pressured into engaging in unethical behaviors due to intense competitive pressures that can determine whether they keep their jobs especially in a company culture that puts the profitability and good business performance as the paramount yardstick of success.

Heavy pressures placed on company managers to meet or beat earnings targets can also lead to unethical behavior and on a more person level, so can an overzealous pursuit of personal gain, wealth, and other self-interests.

The pervasiveness of immoral and amoral business-people is not a major driver of unethical managerial behavior.

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On January 10, Molly Amise uses her Lawton Co. credit card to purchase merchandise from Lawton Co. for $1,700. On February 10, M
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Answer:

the journal entry are given below

Explanation:

given data

On January 10

purchase merchandise = $1,700

On February 10

amount due = $1,700

On February 12

Molly pays = $1,100

On March 10

amount due & interest = 1% per month

solution

Interest revenue to be recorded on March 10 that is calculated as

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Interest revenue = $600 × 1% = $6

so the journal entry are

date                          account title                                   debit            credit

January 10                account receivable                      $1700                                                           sales revenue                                                   $1700

February 12              cash                                               $1,100

                                 sales revenue                                                       $1100

March 10                   account receivable                      $6

                                 interest revenue                                                    $6

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Jim is one of several general partners who own beef n beer, a small chain of restaurants located in missouri and illinois. jim i
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