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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

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The initial price for a stadium is $800,000,000. There will be a 2% adjustment to the price, and $85,000,000 of revenue from the
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NPV = $246764705.88

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The net present value of the stadium can be calculated by deducting the present value of cash outflow from the present value of cash inflow.

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At the completion of a long project, aileen gives her assistant a day off with pay to acknowledge all of his hard work. This is
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