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Nana76 [90]
2 years ago
11

Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal

nut's policy is to have an ending inventory of 50% of the next month's sales needs on hand. July 1 inventory is projected to be 2,200 units. Selling and administrative costs are budgeted to be $20,000 per month plus $9 per unit sold. What are budgeted selling and administrative expenses for July
Business
1 answer:
Andreas93 [3]2 years ago
3 0

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

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Jody borrowed $25,000 from her controlled corporation for six months. She used the funds to pay her daughter's college tuition.
Thepotemich [5.8K]

Answer: $25,000

Explanation:

Amount borrowed = $25,000

Corporation interest = 3%($25,000)

= 3/100 × $25,000

= $750

Federal rate = 4%($25,000)

= 4/100 × $25,000

= $1,000

Total debt = $(25,000+750+1,000)

= $26,750

Jody earned $3,500 for the year. In six months, Jody'd earn 1/2 of $3,500 = $1,750

This means that $1,750 of Jody's income will go to Jody's controlled corporation account in six month.

The total inputed amount to be paid by Jody = Jody's total debt - Jody's income in six month

= $26,750 - $1,750

=$25,000

8 0
3 years ago
An organization that provides services or goods to consumers and needs to make a profit is a Response area.
vekshin1

Answer:

Business (for profit organization).

Explanation:

A business (for profit organization) can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful and legitimate services to customers. By generating more revenue than operating costs, a business (for profit organization) is able to make profit.

Some examples of business (for profit organization) are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.

Hence, an organization that is saddled with the responsibility of providing goods or services to consumers at a given price because it needs to make a profit is a business (for profit organization).

3 0
3 years ago
According to the path-goal theory of House and others, what do leaders assume?
bezimeni [28]

Base on the path-goal theory of House, Subordinates are motivated by believing that more effort improves job performance .

<h3>What is path-goal theory?</h3>

The path-goal theory states stressed that a leader's behavior is contingent on the satisfaction and motivation of their employees.

This is the reason why, Subordinates of the organization are motivated by believing that more effort improves job performance .

Learn more about path-goal theory at;

brainly.com/question/11555274

8 0
2 years ago
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
It is important for the salesperson to pay close attention to the buyer's interests during the need discovery phase to:
masha68 [24]

Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "<u>uncover the dominant buying motives."</u>

<h3>What is the Need Discovery Phase?</h3>

The need discovery phase is when firms or salespeople try to understand the motives of the consumers, their needs, and requirements.

As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.

Hence, in this case, it is concluded that the correct answer is "<u>uncover the dominant buying motives."</u>

Learn more about Need Discovery Phase here: brainly.com/question/25571041

3 0
2 years ago
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