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sertanlavr [38]
2 years ago
5

For the month of June, Mae Green budgeted the following amounts: $180 for food, $475 for rent, $15 for transportation, $50 for i

nsurance, $65 for utilities, $25 for a gift for her sister, $150 for a car payment, and $30 for clothing. She actually spent $182 for food, $475 for rent, $12 for transportation, $65 for insurance, $68 for utilities, $12.50 for the gift, $150 for the car payment, and $36 for clothing. Did Mae stay within the total amount allocated for her budget?
Business
1 answer:
Vinil7 [7]2 years ago
3 0

Answer:

No, she did not

Explanation:

In this question, we are asked to answer if Mae stayed within her budget, given her budget and the total amount she later spent.

To solve this problem, what we need to do is to add up all what she budgeted. Afterwards we add up all she spent. Then , we see the difference between the two to actually know if she stayed within her budget of not.

We proceed as follows:;

Let’s calculate budgeted amount: This is ; 180 + 475 + 15 + 50 + 65 + 25 + 150 + 30 = $990

Now, let’s calculate how much she later spent; That would be; 182 + 475 + 12 + 65 + 68 + 12.5 + 36 + 150 = $1000.5

We can see that she spent more that the amount she had budgeted. This means she didn’t stay within the total amount allocated for her budget

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UkoKoshka [18]

No, because 100,000 is much greater than the values used in the experiment

Explanation:

The advertisement budget is an estimation of the company's commercial spending for a specified amount of time. More specifically, it is the capital that a organisation is able to put aside to accomplish its marketing goals.

In developing an advertisement budget, a corporation must balance the importance of the promotional dollar against the value of the dollar as known revenue.

Better promotional budgets — and campaigns — focus on consumers' desires and address their challenges, not on business concerns such as overstock elimination.

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2 years ago
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
noname [10]

Answer:

The net operating income for the month under variable costing is $11,550

Explanation:

In order to calculate The net operating income for the month under variable costing for Farron Corporation we would have to make the following calculations:

According to the given data:

i) Direct Material=$32  

ii) Direct labor=$74  

iii) Variable manufacturing overhead= $20  

Hence, Variable costing unit product cost (i + ii + iii)=  $126  

A) Sales ($168 per unit * 9250 units sold)=$1,554,000

B) Less variable expenses:  

Variable cost of goods sold  

($126 per unit * 9250 units sold)=$1,165,500  

Variable selling and administrative  

($24 per unit × 9250 units) $222,000 $1,387,500

C) Contribution margin (A – B)=$166,500

D) Less : fixed expenses  

Fixed manufacturing overhead= $144,750  

Fixed selling and administrative $10,200 $154,950

E) Net operating Income ( C-D)=$11,550

The net operating income for the month under variable costing is $11,550

4 0
2 years ago
Shoe manufacturers are not going to buy much more leather if the price of leather falls, nor will they buy much less leather if
IgorC [24]

Answer:

A) inelastic demand

Explanation:

Demand is inelastic if a change in price has no effect on quantity demanded.

Changes in price has no effect on quantity of leather demanded. Therefore, the demand for leather is inelastic.

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2 years ago
You have figured out the marginal cost and the marginal benefit of buying an extra smoothie. In 2-3 sentences, describe how you
saw5 [17]
I think I must first get the marginal cost of the product before i bought if it is worth it to its value, Then i would compute for the marginal benefit to know what would i gain in this product. Lastly I would compare both the marginal cost and marginal percentage if the cost is lower than the benefit then the product is worth it to buy.
6 0
2 years ago
Read 2 more answers
You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2006. Over the next four years, you rec
Slav-nsk [51]

Answer:

a) Total gross return = 459.3%

b) Average annual return = $4,195

Explanation:

Let's begin by listing out the information given us:

Number of shares = 1000, purchase price = $3 per share,

dividend = 7 cents = $0.07 per share per year,

time = 4 years, sale price = $16.50 per share,

brokerage commission = 4%

Cost of shares purchased = number of shares * purchase price

Cost = 1000 * 3 = 3,000

Cost = $3,000

I purchased shares worth $3,000 on January 1, 2006

Total dividend received = dividend * number of shares * time

Total dividend = 0.07 * 1000 * 4 = $280

Over the course of 4 years, I received $280 in dividend

Price of share sale = number of shares * sale price

Price of share sale = 1000 * 16.50 = $16,500

brokerage commission = 4% of Price of share sale

brokerage commission = 0.04 * 16500 = $660

a) Total gross return = (dividend + price of share sale - cost of shares purchased) ÷ cost of shares purchased

Total gross return = (280 + 16500 - 3000) ÷ 3000

Total gross return = 13780 ÷ 3000 = 4.593

Total gross return = 4.593 * 100%

Total gross return = 459.3%

This means the investment made a profit of over 400% (four times the amount spent in purchasing the shares)

N.B: Total gross return does not include fees and expenses such as brokerage costs

b) Average annual return = Returns during the specified period ÷ time

Returns during the specified period = dividend + price of share sale = 280 + 16500 = $16,780

Average annual return = 16780 ÷ 4 = 4195

Average annual return = $4,195

3 0
2 years ago
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