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Bas_tet [7]
3 years ago
15

Sheridan Company makes and sells widgets. The company is in the process of preparing its selling and administrative expense budg

et for the month. The following budget data are available: Item Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $1 $10000 Shipping $3 Advertising $4 Executive salaries $120000 Depreciation on office equipment $4000 Other $2 $6000 Expenses are paid in the month incurred. If the company has budgeted to sell 94000 widgets in October, how much is the total budgeted selling and administrative expenses for October
Business
1 answer:
iren [92.7K]3 years ago
5 0

Answer:

$1,080,000

Explanation:

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

October Total budgeted selling and administrative expenses=

[($1 + $3 + $4 + $2) x 94,000] + ($10,000 +

$120,000 + $4,000 + $6,000)

October Total budgeted selling and administrative expenses=(10*94,000)+$140,000

October Total budgeted selling and administrative expenses=$940,000+$140,000

October Total budgeted selling and administrative expenses=$1,080,000

Therefore the total budgeted selling and administrative expenses for October is $1,080,000

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A _____ occurs when two or more transactions wait for each other to unlock data.
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Answer:

Condition of Deadlock

Explanation:

Deadlock is a condition or a situation which occurs or happens when there are multiple locks waiting to happen in such a way or a manner that none of the users could perform any work.

Therefore, the deadlock condition happens or occurs when 2 or more transactions are waiting for each other to unlock the data.

For example, The first and the second user, both of them lock some data, them each of them trying to access the each other data which is locked. So, both of them waiting for each other to unlock, this situation is deadlock.

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3 years ago
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that includ
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Answer:

The Journal entry at the beginning of the year is as follows:

Estimated revenue A/c                      Dr. $1,342,500

Estimated other financing sources-Bonds proceeds A/c Dr. $595,000

To Appropriations control                                                                     $960,000

To Appropriations-Other financing uses-operating transfer outs     $532,500

To Budgetary fund Bal.                                                                        $445,000

(To record entry at the beginning of the year)

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What percentage of the net income earned in the United States is generated by corporations? A. 28 percent B. 45 percent C. 60 pe
avanturin [10]
Answer would be %60.
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Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Sedona In
seraphim [82]

Answer:

account receivables 18,900 debit

   sales revenues              18,900 credit

Cost of good sold    11,200 debit

    Inventory                      11,200 credit

Cash                                              8,000 debit

allowance for doubtful account 10,900 debit

     Account receivables                   18,900 credit

account receivables            10,900 debit

allowance for doubtful accounts   10,900 credit

cash          10,900 debit

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Explanation:

when we write-off we do not recognize an expense as we use the allowance method.

Now, when we recover the account we reverse the write-off method and then, record the collection as usual.

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A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation
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