Answer:
Here the variable cost can be computed using the following formula:
Variable cost = (Sales commissions + Shipping expense + Miscellaneous selling expenses) ×Sales
Variable cost = (4% + 1% + 3/4%) x $500,000 = $28,750
Fixed cost = Sales manager's salary + Advertising expense + Miscellaneous selling expenses
= $30,000 + $25,000 + $2,100
= $57,100
<em>Total selling expense budget = Variable cost + Fixed cost</em>
<em>= $28,750 + $57,100 </em>
<em>= $85,850</em>
Answer:
Based on the case, you might describe the generic strategy of Allegiant Airlines as:__________.
Cost Focus.
Explanation:
Allegiant Airlines, in its strategy, does not try to provide cost leadership to the airline industry. But it offers low prices for passenger tickets for its specific routes. This implies that the low cost that it offers is focused on a narrow niche market because this niche will provide it with competitive advantage in the industry. Allegiant Airlines also employs some competitive pricing schemes, which have made it difficult for new and upcoming businesses to enter their niche market. Allegiant also sells flights from other airlines on its site. This tactical move increases customers' awareness of its dominance as a low fare service.
Answer:
Medlock will receive $2,940
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
According to given data
Sales = $3,000
As the payment is made within discount period, so discount will be availed
Discount = $3,000 x 2% = $60
Now deduct the discount from due balance to calculate the amount received.
Amount Received = $3,000 - $60 = $2,940
Answer: Receivables can be classified as accounts receivables, notes receivable and other receivables ( loans, settlement amounts due for non- current asset sales, rent receivable, term deposits). An example of accounts receivable includes an electric company that bills its clients after the clients received the electricity. The electric company records an account receivable for unpaid invoices as it waits for its customers to pay their bills.
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Explanation:
Answer:
$500
Explanation:
DATA
The current price of the market basket of goods = $850
Current year GDP deflator = 170
In order to find the GDP in real terms, we should amend the GDP deflates formula
<u>Formula</u>: GDP deflator = 
x 100
Lets put the values and amend the formula in order to find real GDP
170 = 
x 100
Real GDP = $500
