A. allows you to diversify as opportunities develop.
Answer:
$119,500
Explanation:
Solution:
Recall that
The budgeted sales for Micro Miller company = $700,000,
Sales commissions of = 4%
The salary of sales manager = $80,000.
Now,
Since Budgeted Sales is $700,000
Then
sales commissions is calculated as follows:
Sales Commission=0.04*700000(A)= 28000
Thus,
Sales Manager's Salary(B) = $80,000
Hence,
The shipping expenses = 0.01*700000 = $7000
Miscellaneous selling expenses becomes
Fixed = 1000
Variable =3500 700000 * 0. 5 = 119500
Answer:
Getting a work-study job
Working at an on-campus job
Explanation:
The first option that will meet Matt's needs is to get a work-study job. A work-study job is like a financial aid program available in the universities to help students out of their financial needs. Work-study job is a part-time job that will enable Matt to work while studying at the University in California. It allows Matt to engage in a part-time job for some hours a week during his free time, like 20 hours a week while he studies in school and earns some money to subsidize the cost of his studies since Matt wants to avoid paying debt once he is out of school.
A work-study job is the best option for Matt's finance position because it will provide financial assistance for the cost of his education.
The other option for Matt is to work at an on-campus job. This is almost the same as a work-study job because it is a part-time job and carried out only in his free time. It is a part-time job done by students in the university while studying to help their financial needs. The only difference with the work-study job is that the job here will only be done on campus, unlike work-study job which can be done outside the campus. Here Matt will have to get a part-time job on campus and not outside the campus.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
A charity plans to invest annual payments of $60,000, $70,000, $75,000, and $50,000
We need to use the following formula for each deposit:
FV= PV*(1+i)^n
Deposit 1= 60,000*(1.055)^3= $70,454.48
Deposit 2= 70,000*(1.055^2)= $77,911.75
Deposit 3= 75,000*(1.055)= $79,125
Deposit 4= 50,000
Total= $277,491.23
Answer:
1) The demand will decrease by 37% as a result of a 10% increase in price:
0.10 x -3.7 = -0.37 a ngevative impact in the maginitude of 37%
2) Revneue will fall
3) The decrease in revenues will be for 30.7%
Explanation:
<u>Revenues Price x Quantity</u>
P (1 + 0.1) Q (1 - 0.37) = (1.1)(0.63) = 0.693
we apply to the price the 10% increase
and we apply to the demand the 37% decrease in quantity
The revenue will fall to 0.693 = 69.3%
100 - 69.3 = 30.7%
