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
Tomtit [17]
2 years ago
9

Zhang Industries sells a product for $700 per unit. Unit sales for May were 700 and each month's unit sales are expected to grow

by 3%. Zhang pays a sales manager a monthly salary of $4,500 and a commission of 2% of sales. Compute the budgeted selling expense for the manager for the month ended June 30.
Business
1 answer:
ratelena [41]2 years ago
4 0

Answer: $14594

Explanation:

The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:

The unit sales for June will be:

= [700 × (1 + 3%)]

= 700 × (1 + 0.03)

= 700 × 1.03

= 721 units

Commission will be:

= 2% × (721 × 700)

= $10,094

Therefore, the selling expenses to be reported will be:

= $10,094 + $4500

= $14594

You might be interested in
Ms. Aura is a psychic. The demand for her services is given by Q-2000 10P, where Q is the number of one-hour sessions per year a
PIT_PIT [208]

Answer:

a)

P 175

Q = 250

Profit6,250

b)

P 325

Q = 875

Profit 153,125

c)

Q = 1200

P = 260

Profit = 287,000

Explanation:

It maximize profit at MR = MC

MR = 200 - 0.2Q

MC = 150

150 = 200-0.2Q

Q = 50/0.2 = Q = 250

Price:

250 = 2000 - 10P

P = 1750/10 = 175

<u></u>

<u>Profit: revenue - cost</u>

$175 x 250 session - $150 per session = 6,250

<em>At new functions:</em>

150 = 500-0.4Q

Q = 350 / 0.4 = 875

Price:

875 = 2,500 - 5P

P = (2500-875)/5= 325

<u>Profit</u>

(325 - 150) * 875 = 153,125

<u>If cost changes:</u>

cost: 1000 + 20Q

marginal cost: 20

20 = 500 - 0.4Q

Q = 480 / 0.4 = 1,200

Price:

1,200 = 2500 - 5P

P = 1300/5 = 260

<u>Profit</u>

(260 - 20)Q - 1,000 = 287,000

7 0
2 years ago
Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period,
MaRussiya [10]

Answer:

Total equivalent units= 11,890

Explanation:

Giving the following information:

Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.

The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.

<u>To calculate the equivalent units, we need to multiply the % complete for the number of units started:</u>

Units completed= 10,200

Units in ending inventory= 2,600*0.65= 1,690

Total equivalent units= 11,890

5 0
3 years ago
An annual has 15 years to maturity. It has a coupon rate of 5%, a YTM of 8%. Fill in the cells highlighted in yellow, and aswer
grin007 [14]

Answer:

Market value at 8% YTM  $ 743.2156

at 10% YTM                       $ 619.6960

Explanation:

Assuming the face value is 1,000 as common outstanding American company's bonds:

Market value under the current scenario:

<u>Present value of the coupon payment:</u>

<u />

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon: $1,000 x 5% =  50

time 15 years

rate 0.08

50 \times \frac{1-(1+0.08)^{-15} }{0.08} = PV\\

PV $427.9739

<u>Present Value of the Maturity</u>

<u />

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   15.00

rate  0.08

\frac{1000}{(1 + 0.08)^{15} } = PV  

PV   315.24

PV c $427.9739

PV m  $315.2417

Total $743.2156

If the interest rate in the market increaseby 2% then investor will only trade the bonds to get a yield 2% higher that is 10% so we recalculate the new price:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 50.000

time 15

rate 0.1

50 \times \frac{1-(1+0.1)^{-15} }{0.1} = PV\\

PV $380.3040

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   15.00

rate  0.1

\frac{1000}{(1 + 0.1)^{15} } = PV  

PV   239.39

PV c $380.3040

PV m  $239.3920

Total $619.6960

Giving a lower price than before

3 0
2 years ago
Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0
3 years ago
At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete
elena-s [515]
I think the answer is probably C
6 0
3 years ago
Other questions:
  • Suppose the direct quote for sterling in New York is 1.3110-5. Then the direct quote for dollars in London is:________.
    5·1 answer
  • Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o
    7·1 answer
  • Regina owns and operates her own bakery and coffee shop. regina has no accounting training and has only three employees. how doe
    8·1 answer
  • Complements are products or services that have a potential impact on the _________ of the products or services of that company.
    9·1 answer
  • ​_____ is building and maintaining relationships with people whose interests are similar to​ one's own or with whom relationship
    9·1 answer
  • A process is replicated in another country where wages are 50 percent lower. Staffing and processing times are identical. What w
    10·1 answer
  • The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:
    10·1 answer
  • I am buying a firm with an expected perpetual cash flow of $1,000 but am unsure of its risk. If I think the beta of the firm is
    12·1 answer
  • Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepr
    11·1 answer
  • Bonds will be issued a premium if the stated interest rate is:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!