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frutty [35]
3 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]3 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.

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The brooks' paid-off property sold for $247,600. what will they net after paying a 7.5ommission to their broker?
Ronch [10]

They will pay net $229,030 after paying a 7.5% commission to their broker.

<h3>What is commission?</h3>
  • Commissions are a type of variable-pay compensation for provided services or sold goods.
  • Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviors.
  • For instance, when offering significant discounts, commissions might be decreased.
  • When you buy, you normally pay a commission, and when you sell, you typically pay another commission. Investment commissions are not regarded by the IRS as a tax-deductible item.
  • Instead, the commission is included in the cost basis of the investment, giving you a small tax break.
<h3>Calculation of net payment:</h3>

= 100% - 7.5%

= 92.5%

= $247,600 x 92.5%

= $229,030

Hence, they will pay net $229,030 after paying a 7.5% commission to their broker.

Learn more about commision here:

brainly.com/question/20987196

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3 0
1 year ago
Your cousin is currently 10 years old. She will be going to college in 8 years. Your aunt and uncle would like to have $ 105 com
telo118 [61]

Answer:

$76,134.84

Explanation:

Data provided in the given question

Future value = $105,000

Fixed interest rate = 4.1%

Number of years = 8

The calculation of present value is given below:-

= Future value ÷ (1 + rate of return)^number of years

= $105,000 ÷ (1 + 4.1%)^8

= $105,000 ÷ 1.379132002

= $76,134.84

Therefore, we simply applied the present value formula.

6 0
3 years ago
Lake Incorporated purchased all of the outstanding stock of Huron Company paying $950,000 cash. Lake assumed all of the liabilit
liraira [26]

Answer:

d. $250,000.

Explanation:

In order to calculate the expense of the goodwill, we must first calculate the net asset's fair value shown below:

The fair value of net asset = The fair market value of total assets - the fair market value of liabilities

= $125,000 + $750,000 - $175,000

= $700,000

And, the purchase value of all outstanding stocks is $950,000

So, the goodwill would be  

= $950,000 - $700,000

= $250,000

3 0
3 years ago
Human capital is thea. knowledge and skills that workers acquire through education, training, and experience.b. stock of equipme
sertanlavr [38]

Answer:

a. knowledge and skills that workers acquire through education, training, and experience.

Explanation:

Human Capital is associated with all that improves the qualification of the workers. And is important because allows the increase of productivity and thus profitability of an organization or economy.

6 0
3 years ago
Acme Products manufactures and markets a product called Grow Tall. Acme claims in its advertising that Grow Tall will make its u
adoni [48]

Answer: a. deceptive, and the FTC may issue a cease-and-desist order.

Explanation:

A product that can increase human height by 6 inches sounds highly improbable and so is deceptive to people.

The Federal Trade Commission in it's role as a protector of Consumers from.unfair and deceitful practices in Commerce can act against Acme to stop them from deceiving the consumer.

One of the ways that the FTC can do this is by issuing a Cease and Desist order to Acme and if they fail to do so, can then take them to Court.

8 0
3 years ago
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