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
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

You might be interested in
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the
ahrayia [7]

Answer:

<u>Average total cost for 7000 staplers was= $2.43</u>

Explanation:

Total Cost=Fixed Cost +Variable Cost

Fixed Cost =$45000-$28000

Fixed Cost=$27000

Average total Cost= Fixed Cost/ Quantity

=17000/7000

=$2.43

4 0
3 years ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
avanturin [10]
House is worth 275- 195= 80k equity.  Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700
8 0
3 years ago
Read 2 more answers
Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project S ha
snow_lady [41]

Answer:

A) $56.5

Explanation:

Data:

Project S

Initial cost $10,000

Y1 CF = $6,000

y2 CF = $8,000

Project L

Initial Investment = $10,000

Y1-Y4 CF = $4,373

Solution:

<u>For Project S</u>

We shall prolong the project to four years so it can be easily compared to project L

Following shall be the cashflow stream:

Y0=-$10,000  Y1=$6,000  Y2=-$2,000($8,000 CF - $10,000 outlay for prolonging the project second time)  Y3=$6,000  Y4=$8,000

Now to discount the cashflow

NPV=-10000/(1+0.0925)^0+6000/(1+0.0925)^1-2000/(1+0.0925)^2+6000/(1+0.0925)^3+8000/(1+0.0925)^4

NPV=4033.40

<u>For Project L</u>

In order to calculate present value of the annuity, following formula will be used:

PV=PMT(1+(1/(1+r)^n)/r

<em>NPV = Initial outlay - PV</em>

4373(1+(1/(1+0.0925)^4)/0.0925=14089.9

NPV=-10000+14089.9

NPV=4089.9

Now, we can easily calculate how much value will the firm gain or lose if Project L is selected over Project S

Value=NPV(L)-NPV(S)

Value=4033.40-4089.90

Value=56.50

<em>*all figures are rounded off to two decimal points*</em>

7 0
3 years ago
On January 1, Year 1, Raven Limo Service, Inc. paid $64,000 cash to purchase a limousine. The limo was expected to have a six ye
MAXImum [283]

Assuming Raven uses straight-line depreciation, the Company would recognize a $2,000 gain.

<h3>What is straight-line depreciation?</h3>

The simplest way to determine depreciation over time is through straight-line depreciation. According to this strategy, an asset's value is reduced by the same amount for each year that it is in use.

<h3>Depreciation formula:</h3>

(Depreciation expense per year = (Cost of the asset - Salvage value) ÷ Useful life.

The given data is -

The cost of asses is given as $64,000.

The salvage value is given as $10,000.

The sole price is $30,000.

Calculation for the depreciation-

Depreciation expense per year = ($64,000 Cost - $10,000 Salvage) ÷ (6               Year life)

Depreciation expense per year = $9,000

Accumulated depreciation on January 1, Year 5 = ($9,000 per year) × (4 years)

Accumulated depreciation on January 1, Year 5 = $36,000.

Book value = $64,000 Cost - $36,000 Accumulated depreciation

                    = $28,000

Gain on sale = $30,000 Sales price - $28,000 Book value

                     = $2,000)

Therefore, the gain on the scale is  $2,000.

To know more about calculation for annual depreciation using the straight-line depreciation method, here

brainly.com/question/27971176

#SPJ4

4 0
2 years ago
What functions would it be most important for a project management software program to have?
Mariana [72]

Answer:

Explanation:

Question

Rocks around mid-oean risend automatic updates to the project teamhow earthquakes happen  

create calendars and schedules, manage project budgets, an

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project teamd enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

C. changes in the earth's crust

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

5 0
3 years ago
Other questions:
  • If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
    15·1 answer
  • What are three of the common factors that make local economies different?
    11·1 answer
  • An individual is both an appraiser and a real estate broker. What are the individual’s USPAP obligations when preparing listing
    9·1 answer
  • Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 d
    11·1 answer
  • Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:
    14·1 answer
  • Calculate working capital and current ratio Firm O has accounts receivable of $31,000, cash of $14,600, property, plant, and equ
    14·1 answer
  • What does WMT mean in the stock market?
    14·1 answer
  • Suppose there is a duopoly of gas companies, Energy X and Energy Y. The following is the market demand for gas. There are no mar
    13·1 answer
  • XYZ produces a single product and has provided the following data for its most recent month of operations:
    13·1 answer
  • Because owners are only responsible for losses up to the amount they have invested in a corporation, limited liability is consid
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!