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topjm [15]
3 years ago
5

Blue Point Company is formulating its marketing expense budget for the month of September. Sales in units for August amounted to

4,000; sales volume in September is expected to increase by 10%. So far for the current year, fixed marketing expense per month amounted to $5,000 of salaries and $1,500 of depreciation. Variable marketing expense amount to $.15 paid in cash in the month of sale. What is the estimated cash payment for marketing expense in the month of September
Business
1 answer:
Anna007 [38]3 years ago
8 0

Answer:

See below

Explanation:

Computation of estimated cash payment expense is seen below

Variable expenses

Sales in unit for August 4,000

Sales in unit September 4,000 × 110% = 4,400

Total variable expense 4,400 × $0.15 = $660

Fixed expense per quarter

Salaries $5,000 × 3 = $15,000

Depreciation $1,500 × 3 = $4,500

Total = $19,500

Budget total = $20,160

Estimated cash payment = $20,160 - $4,500 = $15,660

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Operating profit is essentially a measure of how efficient management is in generating revenues and controlling expenses. True F
Paul [167]

Answer:

true

Explanation:

Operating profit is referred to as the profit gained by the corporation in business. it is calculated by subtracting all expenses from the total profit over the given period.

it is considered to be the best way to determine how management tactics are helpful or beneficial for the organization. it helps to decide on the working policy for future goals.

3 0
3 years ago
Using the money demand and money supply model, an open market purchase of Treasury securities by the Federal Reserve would cause
alexandr1967 [171]

Answer:

C. decrease

Explanation:

In the case when the money demand and the money supply model is used so the open market purchase would result the interest rate of equilibrium to decrease as if there is an open market purchase so it rise the money supply due to which the supply curve of the money move shiftward

Therefore the rate of interest should be decreased

6 0
3 years ago
An investor buys 400 shares of stock in a fund when the net asset value is $23.79 and the offer price is $23.89. The investor
Airida [17]

Answer:

I believe the best answer would be A. $10,580

Explanation:

400 x 23.89 = $9,556. 400 x 50.34 = $20,136

$20,136 - $9,556 = $10,580

8 0
3 years ago
Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and
Fiesta28 [93]

Answer:

Some financial details with which to calculate the bid price are missing,find them in the attached question.

The bid price if the predetermined overhead rates have applied is $112,473.00 as shown below

Explanation:

a) Plantwide Overhead Rate = Manufacturing overhead/direct labor cost=$1,543,610.00/$947,000.00

Plantwide Overhead Rate = $1.63

Total Manufacturing Cost = Direct Material + Direct Labor + overhead applicable

Total Manufacturing Cost = $18,700.00+$21,400.00 + $(21400*1.63 )

Total Manufacturing Cost = $ 74,982

Bid Price = Total Manufacturing Costs *1.5(150%)

Company's Bid Price = $74,982.00*1.5

Company's Bid Price = $ 112,473.00

5 0
3 years ago
Which of the following is reported as a financing activity in the statement of cash flows? Multiple Choice The exchange of commo
Marysya12 [62]

Answer:

The correct answer is letter "D": The repayment of bonds issued at face value.

Explanation:

The Cash Flow Statement of financing activities reports all the inflows and outflows of money as a result of investments of the company. If the balance of this statement is positive it means the firm is generating good results. <em>The purchase or sale of securities or the acquisitions of tangible assets, such as properties and equipment</em>, are considered under this category.

<em>The payment of bonds that were sold and issued at face value is registered in the Cash Flow Statement of financing activities as well.</em>

3 0
3 years ago
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