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enyata [817]
4 years ago
5

Martinez Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $166,900 to $19

8,400. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 5%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, depreciation on delivery equipment $6,600, and insurance on delivery equipment $1,000.
Prepare a monthly flexible budget for each $11,100 increment of sales within the relevant range for the year ending December 31, 2017.
Business
1 answer:
kolezko [41]4 years ago
4 0

Answer:

<u>monthly flexible budget for each $11,100 increment </u>

Sales                                                               $11,100

Less Sales Commissions ( $11,100 × 6%)       ($666)

Net Sales                                                       $10,434

advertising ( $11,100 × 5%)                              ($555)

traveling ( $11,100 × 4%)                                  ($444)

delivery ( $11,100 × 2%)                                   ($222)

Net Income                                                     $9,213

Explanation:

Consider Only the incremental costs and revenues.Fixed costs are not relevant for the $11,100 increment

<u />

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Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. The par value of the bond is
kirill115 [55]

The value of the bond is $865.80.

<h3>What is a bond?</h3>

A bond is a debt instrument used to raise capital. Bondholders receive periodic interest payment. At the maturity of the bond, the bondholders receive the amount invested.

<h3>What is the value of the bond?</h3>

The value of the bond can be determined by calculating the present value of the bond. The present value is the sum of the discounted cash flows.

Present value = (60 / 1.08) +  (60 / 1.08^2) +  (60 / 1.08^3) +  (60 / 1.08^4) +  (60 / 1.08^5) +  (60 / 1.08^6) +  (60 / 1.08^7) +  (60 / 1.08^8) +  (60 / 1.08^9) +  (60 / 1.08^10) +  (1000 / 1.08^10) = $865.80

To learn more about present value, please check: brainly.com/question/25748668

5 0
3 years ago
Dominique is a visiting professor at the local university. Dominique was a graduate student from August 2015 to May 2017 in F-1
PtichkaEL [24]

Answer: True

Explanation: A resident alien normally shares similar rules for filing revenue, property and gift tax recoveries and payment of calculated tax whether the person is in the United States or abroad. The resident alien can make use of similar forms and mailing particulars of where he or she lives as the citizens of the United States and also be able to claim similar deductions permitted to citizens of the United States for the whole tax year. However, special regulations apply to the taxation of foreign individuals studying in a university and specialists in a particular branch of study.

7 0
3 years ago
Sussex Corporation's production cycle starts in the Mixing Department. The following information is available for April:Work-in-
VladimirAG [237]

Answer:

C. 280,000 270,000

Explanation:

Units Started and Completed: Total Units in Process during April - Work in Process Units at April 30

Equivalent Units of Production (Weighted Average Method): Units Started and Completed +  Ending Inventory x % Completion

Units Started and Completed: 280,000 units - 25,000 units = 255,000

Equivalent Units of Production Materials: 255,000 + 25,000 x 100% = 280,000

Equivalent Units of Production Conversion Costs: 255,000 + 25,000 x 60% = 270,000

4 0
3 years ago
A Notary Signing Agent and a borrower have finished signing documents and all that is left to wrap-up the appointment is to chec
Andrews [41]

Considering the situation described above, the Notary Signing Agent (NSA) should <u>check the documents for errors and call the borrower for the next appointment.</u>

This a because, at this stage, what is left is to wrap up the appointment, and checking of errors can be quickly done.

A Notary Signing Agent is an individual whose role is to sign an agent. A courtesy signer is an agent whose function is to ensure a formal signature of an appearer is made to a document.

Generally, the role of an NSA includes the following:

  • Printing loan documents,
  • Meeting the signer and notarizing their signature,
  • Returning the documents for processing.

Hence, in this case, it is concluded that the correct answer is "<u>check the documents for errors and call the borrower for the next appointment."</u>

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5 0
3 years ago
How is a franchise different from a partnership?
kondaur [170]
- A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.

- In a partnership, two or more people pool their money and credit to start the business.
8 0
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