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
frutty [35]
2 years ago
9

Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that

are based on the following data: Sales commissions 14% of sales Advertising expense 18% of sales Miscellaneous administrative expense $6,500 per month plus 12% of sales Office salaries expense $28,000 per month Customer support expenses $12,000 per month plus 20% of sales Research and development expense $30,000 per month Prepare a flexible selling and administrative expenses budget for March for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 5 as a model.)
Business
1 answer:
Shkiper50 [21]2 years ago
6 0

Answer:

<u>Selling and administrative expenses budget for March</u>

Sales Volume                                             $400,000   $500,000  $600,000

Sales commissions at 14 %                           $56,000     $70,000     $84,000

Advertising expense at 18%                          $72,000    $90,000    $108,000

Miscellaneous at $6,500 + 12%                   $54,500      $66,500     $78,500

Office salaries at                                           $28,000     $28,000     $28,000

Customer support at $12,000 + 20%          $92,000     $112,000    $132,000

Research and development at                     $30,000     $30,000     $30,000

Total                                                             $332,500   $396,500    $460,500

Explanation:

A flexible is a budget that is adjusted to the actual activity. Thus, adjust the costs items to the appropriate Sales Volumes.

You might be interested in
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
Select the correct answer. You are reading product reviews posted online by consumers. Which external information source are you
joja [24]

consumer reports

_______________

8 0
2 years ago
______ are stocks and bonds representing secured or asset-based claims by investors against issuers.
PSYCHO15rus [73]

Answer:

1) C

2) A

Explanation:

6 0
3 years ago
Read 2 more answers
Randy is an accountant at XYZ Store Co. In January the store had $150,000 in sales, $35,000 in payroll, $20,000 in rent and util
xenn [34]

Net cash flow is basically the difference of the cash balance from the beginning of the period to the end of the period. For this instance, we take sales and subtract the listed expenses.

January = 150,000 - 35,000- 20,000 -20,000 = 75,000 net cash flow

February = 175,000 - 39,000 - 25,000 - 45,000 = 66,000 net cash flow

For the change you divide (February/January) -1 or (66,000/75,000)-1= -.12

The growth in cash flow was -12%

5 0
3 years ago
Should Maria rent or buy? Maria, age 21, plans to work full time while completing her college degree in a nearby city.
Iteru [2.4K]
It depends, if she wants a PHD or a long term class there, a good idea is to temporary buy a house.  But, if she is only finishing a short class for a few months or a few years, a better idea would be to rent.
3 0
3 years ago
Read 2 more answers
Other questions:
  • In two to three sentences, explain why a small amount of inflation encourages economic growth. will give brainliest
    5·1 answer
  • Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these
    12·2 answers
  • Prairee partnership has four equal partners, Dodd, Crank, Pick, and Mack. Each of the partners had a tax basis of $320,000 as of
    15·1 answer
  • Novak Company uses a perpetual inventory system. Its beginning inventory consists of 113 units that cost $77 each. During June,
    8·1 answer
  • When a seller gives permission to a broker to submit the property to the MLS, the seller is authorizing the broker to make a bla
    8·1 answer
  • Information concerning Department A of Synergy Company for the month of June is as follows: Materials Units Costs Work in proces
    5·1 answer
  • Anurag receives an annuity that pays $1,000 at the end of each month. He wishes to replace it with an annuity that has the same
    11·1 answer
  • Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2018, for $6,000 cash. Hitzu u
    9·1 answer
  • Bettina Amman is a sales consultant. She travels all over the country selling her company’s products. Her total monthly expenses
    12·1 answer
  • Assume that your nominal wage was fixed at $25 an hour, and the price of gasoline fell from $4.00 to $1.50. In this case, your r
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!