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Morgarella [4.7K]
3 years ago
12

Coronado Industries makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense

Budget for the last half of the year. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 4500 Shipping 1.20 Advertising 0.30 Executive salaries 50000 Depreciation on office equipment 7400 Other 0.35 38000 Expenses are paid in the month incurred. If the company has budgeted to sell 8500 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October?
Business
1 answer:
Snezhnost [94]3 years ago
4 0

Answer:

$120,725

Explanation:

Calculation to determine how much is the total budgeted variable selling and administrative expenses for October

Total budgeted variable selling and administrative expenses =( 0.60+1.2 + 0.3 + 0.35) x 8,500 + 4500 + 50,000 + 7400 + 38,000

Total budgeted variable selling and administrative expenses =2.45*8500+4500 + 50,000 + 7400 + 38,000

Total budgeted variable selling and administrative expenses=$20,825+4500 + 50,000 + 7400 + 38,000

Total budgeted variable selling and administrative expenses=$120,725

Therefore the total budgeted variable selling and administrative expenses for October is $120,725

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On January 1, 2005, Systil Corporation issues $50M 10 year bonds with a coupon rate of 10%. Interest is payable annually at the
Serga [27]

Answer:

By January 1, 2006 the price of the bonds=$50.675 M

Explanation:

The price of a bond at any given time can be expressed as;

Current price=(Annual coupon×((1-(1/(1+r)^i)/r)+ (face value/(1+r)^i)

where;

i-maturity period, from 2005-2006=1 year

r-nominal yield to maturity rate=8%

coupon rate=10%

face value=$50 M

Annual coupon=(10/100)×50 M=5 M

replacing;

Current price=Annual coupon×((1-(1/(1+r)^i)/r  + face value/(1+r)^i

(5 M×((1-(1/(1+0.08)^1)/0.08)+50/(1+0.08)^1

(5 M×(1-0.93)/0.08)+46.3

(5×0.875)+46.3=4.375+46.3=50.675 M

By January 1, 2006 the price of the bonds=$50.675 M

4 0
3 years ago
Which of the following would NOT be considered an investment in human capital?
bearhunter [10]

Answer:

B: Purchasing a new computer

Explanation:

Investing your money in a new computer does not teach you new skills so it would not be counted as an investment in human capital. Obtaining a college degree, attending a first-aid class, and paying for cooking lessons enhances your creativity and skills so they are the perfect examples of investments in human capital. Moreover, one of the major characteristics of investing in human capital is that they are intangible so that's another reason why purchasing a new computer cannot be categorized as an investment in human capital.

4 0
3 years ago
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
Debora [2.8K]

Answer:

The correct answer is Lead generation.

Explanation:

A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.

Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

  • The only data that is absolutely essential is the email address.
  • It is also mandatory that these leads have previously accepted the company's privacy policy since otherwise it is not legally possible to track them and send them more communications.
5 0
3 years ago
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
3 years ago
The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charge
MAXImum [283]

Answer:

Both will bear

Explanation:

Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.

6 0
3 years ago
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