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Thepotemich [5.8K]
3 years ago
15

For the month of June, Beeman Corp. estimated sales revenue at $600,000. Beeman pays sales commissions that are 4% of sales reve

nue. The sales manager's salary is $285,000. Additional estimated selling expenses that total 1% of sales revenue Miscellaneous selling expenses are $15,000. How much are budgeted selling expenses for the month of July, if Beeman estimates sales revenues to be $540,000
Business
1 answer:
sasho [114]3 years ago
4 0

Answer: $327000

Explanation:

The budgeted selling expenses for the month of July, if Beeman estimates sales revenues to be $540,000 will be:

Sales Commission = $540000 × 4% = $21600

Add: Sales Manager Salary = $285,000

Add: Additional Selling Expense = $540000 × 1% = $5,400

Add: Miscellaneous Selling Expense = $15,000

Therefore, Buedgeted Selling Expense = $327000

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Answer:

S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

Explanation:

There are specific pre-requisites before a company may apply as an S corporation

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The limited stock options, no foreign investment challenges and limitation of maximum shareholders create a barrier to open S type corporation. So the answer is S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

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A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

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A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

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Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame. Usually, it varies from a few days to a fiscal or calendar year.

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