Answer: $14594
Explanation:
The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:
The unit sales for June will be:
= [700 × (1 + 3%)]
= 700 × (1 + 0.03)
= 700 × 1.03
= 721 units
Commission will be:
= 2% × (721 × 700)
= $10,094
Therefore, the selling expenses to be reported will be:
= $10,094 + $4500
= $14594
Answer:
$440
Explanation:
First and foremost the financing activities hinted in the question are as follows:
Distribution of cash dividends declared in 2017 $ 48(outflow)
Payment to retire bonds $452(outflow)
Proceeds from the sale of treasury stock (cost: $52) $60(inflow)
net cash outflows from financing activities=-$48-$452+$60
net cash outflows from financing activities=-$440
Answer:
(d) Equity theory
Explanation:
Equity theory is based in the idea that individuals are motivated by fairness, and if they identify inequities in the input or output ratios of themselves and their referent group, they will seek to adjust their input to reach their perceived equity. In this scenario Jay was demoted by the unfair treatment he received when compared to the treatment of the newly recruited sales representatives.
Answer: See explanation
Explanation:
a. He works for a large private firm.
In this case, he should consider 401(k) plan since he works for a large private firm.
b. He works at a university.
In this case, he should considered the 403(b) plans. The 403(b) plan, is the retirement plan for staffs of public schools and this will be suitable for him in thus scenario.
c. He owns a small firm with employees.
In thus case, the SEP and SIMPLE plans should be considered as they're both are offered by small firms that has few employees.
