Adidas Corporation bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,600 unit
s are planned to be sold in March. The variable selling and administrative expense is $4.10 per unit. The budgeted fixed selling and administrative expense is $35,860 per month, which includes depreciation of $5,100 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be: $50,620
$30,760
$45,520
$14,760
The cash disbursements for selling and administrative expenses should be $45,520
Explanation:
The selling and administrative (S&A) expenses have two parts: a variable one and a fixed one.
The variable part depends on how many units have been sold. So, if the variable S&A expense per unit is $4.1, and 3,600 units are planned to be sold, the total variable S&A expense should be
The fixed part does not depend on the units sold. It remains the same no matter how many units have been sold. Yet, it includes depreciation of $5,100. The depreciation does not represent an exit of money. It isn't part of the cash flow. So, the total fixed S&A expenses should be
To calculate the rate of return the investors received we will do a simple return formula to find out by how much, in terms of the Opening NAV, the fund has increased.
To find out how much the fund has increased by we can add up all the figures then deduct the opening balance.
= 39.71 + 0.64 + 1.13 - 36.12
= $5.36
$5.36 is the how much the fund has increased by.
Expressing it in percentage of the opening NAV per share we have,
= 5.36/36.12
= 0.14839424141
= 14.84%
14.84% is the rate of return that an investor received on the Yachtsman Fund in 2016.
Explanation: Radio Frequency Identification (RFID) is the use of radio waves to read and capture information stored on a tag attached to an object, providing a unique identifier for an object. RFID Technology is used in many industries and in a wide variety of applications as it can deliver a number of benefits fo item-revelations.
RFID is used for item level tagging in retail stores. In addition to inventory control, this provides both protection against theft by customers (shoplifting) and employees ("shrinkage") by using electronic self-checkoutillance (EAS), and a self checkout process for customers.