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den301095 [7]
3 years ago
12

Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses ar

e expected to be $26,770 in the first quarter, and $5,240 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,680 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.
Business
1 answer:
weqwewe [10]3 years ago
3 0

Answer:

Results are below.

Explanation:

Giving the following information:

Variable expense= $26,770 ($5,240 increase each quarter)

Fixed expense= $41,680

<u>First, we will calculate the total cost per quarter:</u>

Q1= 26,770 + 41,680

Q1= $68,450

Q2= (26,770 + 5,240) + 41,680

Q2= $73,690

Q3= (32,010 + 5,240) + 41,680

Q3= $78,930

Q4= (37,250 + 5,240) + 41,680

Q4= $84,170

<u>Now, the total cost:</u>

Total annual cost= $305,240

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If you had invested $100 in 1972 in the 500 stocks of the s&amp;p500 index, how much would you have had in 2018?.
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If you had invested $100 in 1972 in the 500 stocks of the s&p500 index $1,612

<h3>What is stocks ?</h3>

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4 0
1 year ago
Which of the following phrases effectively describes a business’s income statement
irina [24]

Answer:

Financial picture

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The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.

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