Answer: C. hope this help!!!!!
Answer:
Total= $292,520
Explanation:
Giving the following information:
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.
Cash budget for June:
Sales= [(400*1.03)*750]*0.3= 92,700
Sales from May= (400*750)*0.7= 210,000
Salary= (4,000)
Commision= [(400*1.03)*750]*0.02= (6,180)
Total= $292,520
A E F are the answrs i have.
Answer:
Price elasticity of demand = 2.6
Explanation:
Given:
Old price (P0) = $70
New price (P1) = $60
Old sales (Q0) = 10,000 units
New sales (Q1) = 15,000 units
Computation of Price elasticity of demand(e):
Midpoint method
![e=\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7BQ1-Q0%7D%7B%5Cfrac%7BQ1%2BQ0%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7BP1-P0%7D%7B%5Cfrac%7BP1%2BP0%7D%7B2%7D%20%7D%20%7D)
By putting the value:
![e=\frac{\frac{10,000-15,000}{\frac{10,000+15,000}{2} } }{\frac{60-70}{\frac{60+70}{2} } }\\e=\frac{\frac{-5,000}{\frac{25,000}{2} } }{\frac{-10}{\frac{130}{2} } }\\](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7B10%2C000-15%2C000%7D%7B%5Cfrac%7B10%2C000%2B15%2C000%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7B60-70%7D%7B%5Cfrac%7B60%2B70%7D%7B2%7D%20%7D%20%7D%5C%5Ce%3D%5Cfrac%7B%5Cfrac%7B-5%2C000%7D%7B%5Cfrac%7B25%2C000%7D%7B2%7D%20%7D%20%7D%7B%5Cfrac%7B-10%7D%7B%5Cfrac%7B130%7D%7B2%7D%20%7D%20%7D%5C%5C)
![e=\frac{\frac{-5,000}{12,500} }{\frac{-10}{65} }](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B%5Cfrac%7B-5%2C000%7D%7B12%2C500%7D%20%7D%7B%5Cfrac%7B-10%7D%7B65%7D%20%7D)
e = 2.6