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
Alenkasestr [34]
3 years ago
6

Carla Vista Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial

balance at December 31, 2020, included the following expense accounts: Accounting and legal fees $421000 Advertising 364000 Freight-out 225500 Interest 174100 Loss on sale of long-term investments 89600 Officers' salaries 541000 Rent for office space 540000 Sales salaries and commissions 404000 One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Carla Vista's selling expenses for 2020
Business
1 answer:
DaniilM [7]3 years ago
3 0

Answer:

$1.263,000

Explanation:

The amount of expenses to be included in P's selling expenses is calculated as follows:

Particulars                                  Amount

Advertising                                 $364,000

Freight out                                  $225,500

Rent for office space                  $270,000    (540,000*1/2)

Sales salaries & commissions    <u>$404,000</u>

Total                                             <u>$1.263,000</u>

So, the total amount to be included in selling expenses is $1.263,000.

You might be interested in
While harry was intoxicated, he sold his car to ben for substantially less than its fair market value. this contract is consider
VMariaS [17]
The answer to this question is that the contract is voidable. A voidable contract specificallt means that the contract can still be implemented or affirmed or rejected by one of the parties due to valid reasons. A situation where in a contract can be voidable is when the other party is not in the capacity to enter into a contract.
7 0
3 years ago
1. Select why manufacturers use a predetermined overhead rate to apply manufacturing overhead to their jobs. (You may select mor
Lady bird [3.3K]

Answer:

The correct answer is: Manufacturers use predetermined overhead rates to allocate to production jobs the production costs that are not directly traceable to specific jobs.

Explanation:

If we are able to trace a cost directly to a product we will not include it in manufacturing overhead. Manufacturing overhead was created to allocate costs that are not directly traceable to a product. It helps manufacturers to allocate costs with certain precision.

3 0
3 years ago
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,500
FinnZ [79.3K]

Answer and Explanation:

The calculation of the revised net operating income per month in the following cases:

1. The sales volume increases by 50 units.

Sales revenue (8,550 units × $31) $265,050

Less: Variable expenses (8,550 units × $19) $162,450

Contribution margin $102,600

Less: Fixed expenses $55,200

Net operating income $47,400

2. The sales volume decreases by 50 units.

 Sales revenue (8,450 units × $31) $261,950

Less: Variable expenses (8,450units × $19) $160,550

Contribution margin $101,400

Less: Fixed expenses $55,200

Net operating income $46,200

3. The sales volume is 7,500 units.

 Sales revenue (7,500 units × $31) $232,500

Less: Variable expenses (7,500 units × $19) $142,500

Contribution margin $90,000

Less: Fixed expenses $55,200

Net operating income $34,800

6 0
3 years ago
V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
Murrr4er [49]

Answer:

3. Supply of flour to increase.

Explanation:

The situation above is showing a<em> direct proportional relationship</em> between the "wheat," as a main ingredient of flour, and the flour itself.

If the price of wheat <em>decreases</em>, <u>suppliers will be interested in buying more of it in order to produce more quantities of flour at a </u><em><u>lower cost </u></em>because it will more likely lead to a<em><u> higher profit</u></em>. This will, therefore, increase the supply of flour in the market.

6 0
3 years ago
During the year you own Nike stock earn a dividend of 1.25 per share. You own 720 shares.How much did you earn in dividends? How
FromTheMoon [43]

Answer:

900 shares

Explanation:

Given that

Dividend per share = 1.25

Number of shares owned = 720 shares

So, the earning made due to dividend would be

= Number of shares owned × Dividend per share

= 720 shares × 1.25 per share

= 900 shares

We simply multiplied the number of shares with the dividend per share so that the correct value could come

3 0
3 years ago
Other questions:
  • Must a copyright symbol be displayed to protect the copyright?
    11·1 answer
  • Imagine that you have invented a new snack food product and would like to market it to college students. What are some of the ad
    5·1 answer
  • Wel me following questions. Be sure to explain your thinking.
    12·1 answer
  • A(n) ____ is a professional communication that accompanies your résumé when you respond to a job advertisement or are simply int
    12·1 answer
  • What is a company's market share?
    12·2 answers
  • Which of the following best describes a situation where software should be upgraded instead of replaced?
    12·1 answer
  • The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo
    13·1 answer
  • On January 30, 2014, your parents lent you $400. On January 30, 2015, you repaid the loan by writing your parents a check for $4
    8·1 answer
  • Mr. Smith's house was listed at $325,000. The property eventually sold for $365,000. The agreed upon commission was 5%. How much
    15·1 answer
  • What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!