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Tomtit [17]
3 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]3 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 answer to this question is A

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Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?
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1. Firms are operating in the short run  - relatively inelastic

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Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater.  The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

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Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
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$1,069.74

Explanation:

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Data provided in the question

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The formula is shown below:

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A general partner who puts together the administrative organization of the limited partnership and handles the registration of t
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Limited partner.

<h3>What is a Limited partner?</h3>
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<h3>What is Limited Partnership?</h3>
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Know more about a Limited partner here:

brainly.com/question/25012970

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Amiraneli [1.4K]

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