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Evgesh-ka [11]
3 years ago
10

A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amo

unted to 2,400; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expenses per unit sold amount to approximately $0.15, paid in cash in month of sale. Fixed marketing expenses per month amount to $6,000 of salaries, $2,500 of depreciation (delivery trucks), and $1,200 of insurance (paid monthly).a. What is the total budgeted marketing expense for the fourth quarter of the year?b. What is the estimated cash payment for marketing expenses for the fourth quarter?
Business
1 answer:
iren2701 [21]3 years ago
7 0

Answer:

a. $29,496

b. $21,996

Explanation:

a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-

Sales units                                                            2,640

(2400 × 110%)

Variable marketing expenses per unit sold $0.15

Total Variable marketing expenses                 $396

Fixed Marketing expenses                                    $18,000

Salaries ($6,000 × 3)

Depreciation ($2,500 × 3)                                      $7,500

Insurance ($1,200 × 3)                                            $3,600

Total Fixed marketing expenses                            $29,100

Budgeted marketing expense

for the fourth quarter                                           $29,496

b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation

= $29,496 - $$7500

= $21,996

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defon

Answer: 8.79%

Explanation:

The premium or discount as a percent of NAV will be calculated thus:

NAV will be calculated as:

= (Market value of portfolio - liabilities ) / shares outstanding

= ($310 million - $3million) ÷ 10 million

= $30.7 per share.

Then, the calculation for the discount percent will be:

= (selling price - NAV) / NAV

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= 8.79%

Therefore, NAV is trading at discount of 8.79%

8 0
3 years ago
In a command economy, the head of each household makes the fundamental economic choices such as what to produce and how to produ
uysha [10]

Answer:

B) False

Explanation:

In a command economy, the government makes the fundamental economic choices such as what to produce and how to produce output.

The government also owns means of production.

I hope my answer helps you

8 0
3 years ago
Regardless of the inventory costing system used, cost of goods available for sale must be allocated at the end of the period bet
MaRussiya [10]

Answer:

The correct answer is ending inventory and cost of goods sold

Explanation:

Cost of goods available for sale is defined as the maximum amount of the inventory or the goods which the company could possibly sell during the fiscal or accounting period.

The cost of goods which are available for sale need to be allocated among the cost of goods sold and the ending inventory at the end of the year, where the cost of goods equals to the cost of goods available for sale subtract the ending inventory.

6 0
2 years ago
Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738
Gnesinka [82]

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

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her profit =  $ 32863 - $ 31150  = $ 1713

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2 years ago
Which of the following is true of Peter Senge’s contributions to management thought and practices? A. He has made several signif
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Answer:

A. He has made several significant contributions to the areas of organizational learning and change.

Explanation:

<em>Option B</em>: Peter Drucker was the first person to discuss MBO, not Peter Senge. So, this option is incorrect.

<em>Option C</em>: It is the function of management. Therefore, Peter Senge might contribute to this one, but there is no evidence. So, it is wrong.

<em>Option D</em>: Peter Senge advocated the scientific methods of management, but not for the determination of efficient production.

<em>Option E</em>: He does not contend with the bureaucratic structure. Therefore, it is wrong, either.

<em>Option A</em>: It is the answer because he has made several contributions to the areas of organizational learning through the establishment of the society of organizational learning.

8 0
3 years ago
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