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mrs_skeptik [129]
4 years ago
10

On January 1, 2016, Pearson Corp has beginning inventory of 240 surfboards. Pearson estimates it will sell 400 units during the

first quarter of 2016 with a 5.00% increase in unit sales each quarter. Each surfboard is sold for $200.00. How much is budgeted sales revenue for the third quarter of 2016?
Business
1 answer:
Zanzabum4 years ago
8 0

Answer:

Pearson Corp

Budgeted Sales Revenue for the third quarter of 2016:

The budgeted sales revenue = $88,200 (441 x $200)

Explanation:

If First Quarter Sales = 400 units

Second Quarter Sales = 420 units (400 x 1.05)

Therefore, Third Quarter Sales = 441 units (420 x 1.05)

Another way to work it out is to compound the rate for two years:

(1.05)ⁿ = (1.05)∧2 = 1.1025

Sales in first quarter = 400 x $200 = $80,000

Sales in third quarter = $80,000 x 1.1025 = $88,200

The compounding of the rate of increase yield a compound factor that can be applied to the value of the sales in the first quarter to arrive at a sales value for the third quarter without working out the sales value for the second quarter also.

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Patsy’s home has been on the market for five weeks, and two brokers had buyers who were ready to make offers. If Patsy accepted
castortr0y [4]

Answer: open listing

Explanation:

Open listing simply refers to situation whereby a property owner uses several real estate agents when he or she wants to sell a property so that there will be many potential buyers.

In this situation, the agent who eventually brings the person who purchases the property will collects the commission assigned to the property.

8 0
3 years ago
Montague (age 15) is claimed as a dependent by his parents, Matt and Mary. In 2019, Montague received $5,090 of qualified divide
IRISSAK [1]

Answer:

His taxable income for 2019 is $4,740

Explanation:

In order to calculate his taxable income for 2019 first we have to calculate the following:

First we have calculate the sum of the total income (earned and unearned)=$5,090+ $890=$5,980

Taxable income for 2019=total income-Higher of the following two:a. $1,000 or b. $890+$350

Therefore, Taxable income for 2019=$5,980-$1,240

                                                           =$4,740

His taxable income for 2019 is $4,740

6 0
3 years ago
When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, p
Volgvan

When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in regression analysis.

<u>Explanation:</u>

An effective mathematical formalism which enables one to analyze the interaction among two or more interest factors is understood as a regression analysis. While there are several forms of regression analysis, they all analyze the effect of one or more independent variables on a dependent variable at their source.

The linear association among two variables is defined using correlation. Regression is then used to match the best line and predict one variable based on another variable. Regression, then, represents the effect on the dependent variable of the unit shift in the independent variable.

5 0
3 years ago
Discuss 4 contributing factors that lead to poor service delivery. and corruption​
alex41 [277]

The factors like democracy, poor leadership, lack of communal participation and inefficient strategic management lead to poor service delivery and corruption.

<h3>What is service delivery?</h3>

The process of providing service to the customer or subscriber, by whatever name called, who is being supplied with such services by the provider, is known as a service delivery.

Hence, the significance of service delivery is as aforementioned.

Learn more about service delivery here:

brainly.com/question/1296449

#SPJ1

7 0
2 years ago
The intent of corporate advertising is to make sure that all of a company's products are seen in a common, positive manner. True
evablogger [386]

Answer:

False since the intent of corporate advertising is usually done to ensure that the perception of the company's image is positive.

Explanation:

Corporate advertising is usually done to ensure that the perception of the company's image is positive. The products under the corporation is not a priority in this case, rather its is the company as a whole that needs to be viewed in good light.

This kind of advertising forms part of the public relations techniques used by the company or institution to improve its public image. There are so many companies with different brands under them that utilize this advertising technique to improve their standing in the public eye. It is a way of making the company itself to be a brand by advertising the company as a package.

These companies always want to prove that they care more about the public than they care for the products, in this way they create the perception that the company is primary and anything else is secondary.

Cooperate advertising is majorly used in companies whose business activities have a negative effect to the public. Cooperation that engage in mining activities or activities that affect the environment are likely to utilize this form of advertising.

6 0
3 years ago
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