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
laila [671]
3 years ago
14

X-Tel budgets sales of $100,000 for April, $120,000 for May, and $75,000 for June. In addition, sales commissions are 10% of sal

es dollars and the company pays a sales manager a salary of $10,000 per month. Sales commissions and salaries are paid in the month incurred. Prepare a selling expense budget for April, May, and June.
Business
1 answer:
Marrrta [24]3 years ago
5 0

Answer:

                                   X-Tel budgets selling expense budget (Amounts in $)

Month                                      April                   May                June

Sales commission                 10,000              12,000             7,500      

Sales Manager's salaries      10,000              10,000            10,000

Total                                       20,000             22,000            17,500

Explanation:

The selling expense shows the forecast of sales related expenses. These include the manager's salaries and the sales commission. The sales commission is a percentage of projected. It may be computed as follows;

Sales commission for

April

= 10%* $100,000

= $10,000

May

= 10%* $120,000

= $12,000

June

= 10%* $75,000

= $7,500

You might be interested in
Now suppose that Rowe has an argument with her husband and wants to withdraw, and what effect would it have on the LLC?
ratelena [41]

A limited liability business enterprise (LLC) is a business structure allowed with the aid of state statutes. every nation might also use exclusive guidelines, you should check with your nation if you are interested in beginning a constrained legal responsibility enterprise. proprietors of an LLC are called contributors

The nation of Oklahoma, like almost every different nation, has an agency earnings tax. In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable profits. if your LLC is taxed as an employer you may need to pay this tax. The kingdom's company income tax goes back (shape 512) and is filed with the Oklahoma Tax fee.

To begin an Oklahoma LLC you may want to record the Articles of a corporation with the Oklahoma Secretary of state, which costs $one hundred. you could practice online, by way of mail, or in character. The Articles of the corporation is the felony record that officially creates your Oklahoma limited legal responsibility employer.3 days in the past.

Learn more about LLC here:

brainly.com/question/9503055

#SPJ9

4 0
2 years ago
Powder room mess. for $300,000, willis agrees to build a new home for robert, who is very picky. willis builds the home to rober
irga5000 [103]

These types of damages are called “Compensatory damages”.

<span>Willis breached the contract but the breach was not material. So as a way to compensate for the damages Willis have made, he offered instead to pay $300 to put the correct faucets and linoleum in the powder room.</span>

5 0
3 years ago
Read 2 more answers
The cash coverage ratio is used to evaluate the:Liquidity of a firmSpeed at which a firm generates cashLength of time that a fir
Studentka2010 [4]

Answer:

The correct answer is letter "C": Ability of a firm to pay the interest on its debt.

Explanation:

The cash coverage ratio is a metric that measures a company's ability to pay its financial obligations. Generally, the higher the coverage ratio the better for the business to meet its debt obligations. It is best to compare coverage ratios of companies in the same industry or sector in the economy. Comparisons across industries are not useful as companies in different industries use debt in different ways.

5 0
3 years ago
Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 16, 2019. It sells the set of tires to
anygoal [31]

Answer:

Excluded from GDP

The production of the set of tires does not included on the GDP as it is referred to as an intermediate goods which are used to produce the final product (which is the two door coupe, in this case).

Explanation:

Gross domestic Production (GDP) represent the total production of a nation within its domestic borders. Some of the items that are excluded in GDP include: sales of goods that were produced outside the domestic borders of the country, intermediate goods that are used to produce other final goods, sales of used goods, illegal sales of goods and services (black market) and transfer payments made by the government

6 0
3 years ago
"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o
muminat

Answer:

A. True

Explanation:

4 0
3 years ago
Other questions:
  • The american federation of labor, one of the largest labor unions in america and a major interest group, was instrumental in pus
    15·1 answer
  • explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist.
    11·1 answer
  • Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe
    12·1 answer
  • What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small au
    5·1 answer
  • Which of the following investment plans best reflects diversification? Ben has an investment portfolio with numerous stocks and
    7·1 answer
  • A bank has on-balance-sheet assets with a book value of $940 million and a market value of $985 million and on-balance-sheet lia
    11·1 answer
  • Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
    7·1 answer
  • I rlly need answers quick guys! This isnt Business tho!
    10·1 answer
  • . The market price of Northern Mills stock has been relatively volatile and you think this volatility will continue for a couple
    13·1 answer
  • An economist for the Brookings Institution argues that​ "a price on carbon would minimize the cost of steering economic activity
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!