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djverab [1.8K]
3 years ago
13

For March, sales revenue is $1,000,000, sales commissions are 5% of sales, the sales manager's salary is $80,000, advertising ex

penses are $65,000, shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,100 plus 1% of sales. Total selling expenses for the month of March are
Business
1 answer:
Nitella [24]3 years ago
3 0

Answer:

$217,100

Explanation:

total selling expenses = sales commission + sales manager's salary + shipping expense + advertising expenses + miscellaneous selling expenses

sales commissions = 50,000

advertising expenses = 65,000

shipping expenses = 10,000

sales manager's salary= 80,000

miscellaneous selling expenses = 10,000 + 2100

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The slope of the budget line represents an opportunity cost​ because, moving along the​ line,
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D. a consumer must give up some of one good in order to get more of the other.
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3 years ago
Suppose that on Jan. 1 2018 you bought a bond at par with the following characteristics: Face Value = $20,000 Coupon rate = 4% M
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Answer:

* How much did you pay for the bond?

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Because the bond is bought at par, the amount paid for the bond will be equal to the face value of the bond or $20,000.

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=>Rate of return = Total receipt from holding the bond for one year/ the amount paid for the bond at the beginning = 20,609.52 / 20,000 = 3.05%

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3 years ago
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