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dolphi86 [110]
3 years ago
5

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a

nd $27, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2014 are as follows.
Unit Sales

Product

Quarter 1

Quarter 2

XQ-103 22,590 27,710
XQ-104 14,880 16,200

No changes in selling prices are anticipated.

Prepare a sales budget for the 2 quarters ending June 30, 2014. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
Business
1 answer:
iren2701 [21]3 years ago
4 0

Answer:

In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

Sales Budget fist 2 quarters of the year

Product  Sales Price  Sales Q1 Sales Q2  Total gross sales

XQ-103     $14             22,590    27,710      $704,200

XQ-104     $27             14,880    16,200      $839,160

                                                                     $1,53,360

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klemol [59]

Answer:

Hale’s total expenses in calculating operating income is $57000

Explanation:

Operating income represents profit realized in carrying out Hale Company primary activities

Only expenses incurred in are considered in calculation of Hale`s Operating Income

<em>Cost of Sales</em>

Cost of goods sold                        22200              

<em>Administration</em>

Rent expenses for store                18000

Depreciation                                    8000

<em>Selling and distribution expenses</em>

Advertising                                       8800

Total Expenses                               57000

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4 years ago
In 2014, short-term interest rates were near zero, and yet the economy was still sluggish with low rates of economic growth and
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6 0
3 years ago
U. s. treasury securities considered to be risk-free because they have minimal, if any, ____ risk.
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U. s. treasury securities are considered risk-free because they have minimal if any, default risk.

Given that the U.S. government stands behind them with its full faith and credit, Treasury securities are among the safest investments. According to the maturity period, Treasury securities are separated into three major groups:

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You can buy any of these Treasury securities directly from the US government, through a bank, or through a broker. Despite being low-risk, treasuries do have some risks, such as being affected by inflation and interest rate changes. Treasuries have low returns because they are a secure investment. Federal taxes must be paid on interest received on Treasury securities.

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8 0
2 years ago
What is the pattern of 0.03 , 0.3 , 3 , 30
scoundrel [369]
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4 0
3 years ago
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Fiona, a regional sales manager, works from her office in State U. Her region includes several states, as indicated in the sales
son4ous [18]

Answer:

Payroll factor State U:

  • commissions $50,000
  • fringe benefit package $15,000

Explanation:

State           Sales Generated Fiona’s         Time Spent There

U                        $3,000,000                             20%

V                        $4,000,000                             50%

X                        $8,000,000                             30%

Sales percentage generated in state U = $3,000,000 / $15,000,000 = 20%

so 20% of the $250,000 commissions should be assigned to state U = $50,000

Time spent in state U = 20% x $75,000 fringe benefits = $15,000 assigned to state U

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