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2 years ago

10

For june, gold corp. estimated sales revenue at $600000. it pays sales commissions that are 4% of sales. the sales manager's sal

ary is $285000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15000. how much are budgeted selling expenses for the month of july if sales are expected to be $540000?

1 answer:

docker41 [41]2 years ago

3 0

Answer:

6000000 is alot and the total would be 24000

Explanation:

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Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio

jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837 million

Retained earnings = Equity - Common stock

= $48.837 million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

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Which of the following stages of the new-product development process is the first filter, which serves to eliminate new-product

Pavlova-9 [17]

Answer:

The answer is: E) Idea screening

Explanation:

Idea screening is the second stage (comes after idea generation) of the new product development process. Its main purpose is to select "good ideas" and filter out "bad ideas".

The following questions usually help in defining what ideas can classify as good or bad.

Do we really need to introduce a new product?
Can our existing facilities produce the new product, or what is needed for them to be able to?
Can we sell the new product with our existing marketing network, or what do they need to be able to do so?
When will the new product generate profit?

Many times the concept of good or bad idea depends on the organization itself. If the answers to the questions above are positive and the company is able to go along with the project, then the new product should continue to stage 3 (concept testing).

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2 years ago

What would a competitive retailer have to do to get your patronage?

SOVA2 [1]

For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.

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2 years ago

Ksivusya [100]

3)

Jorge Rodrigues annual salary is:

$S=\$48,000$

We know that 1 year consists of 12 months, so the gross wage per month can be obtained by dividing the annual salary by 12:

$\frac{S}{m}=\frac{48,000}{12}=\$4,000$

1 year also contains 52 weeks, so the gross wage per week is obtained by dividing the annual salary by 52:

$\frac{S}{w}=\frac{48,000}{52}=\$923$

Finally, 1 year contains 26 bi-week periods, so the gross wage per bi-week period is:

$\frac{S}{b}=\frac{48,000}{26}=\$1846$

4)

In this part, we know that Lexi's salary per month is:

$s=\$1600$

We know that 1 year consists of 12 months: therefore, the annual salary contains 12 monthly salary, so we can write

$S=ns$

where

n = 12 is the number of months

S is the annual salary

Substituting s, we find:

$S=(12)(1600)=\$19,200$

5)

Here the Monthly salary of Ryo is

$s=\$2200$

So her annual salary is the monthly salary multiplied by 12:

$S=ns=(12)(2200)=\$26,400$

Then Ryo has been offered a raise of $250 per month, so her new salary per month will be

$s'=2200+250=\$2450$

Therefore, her new annual salary will be

$S'=ns'=(12)(2450)=\$29,400$

So, the amount that Ryo will earn more per year is:

$\Delta S=S'-S=29,400-26400=\$3000$

6)

Being paid salary means that we are paid with a fixed regular payment, usually paid every month.

Being paid by hourly rate instead means that we are paid a fixed amount for every hour of work: therefore, the total monthly salary will depend on the number of hours of work.

Therefore, the main advantages/disadvantages are the following:

- Advantage of being paid salary: the payment is fixed, therefore it is independent on the number of hours worked - so even if one month we work less hours, we still receive the same pay

- Disadvantages: the salary is fixed and cannot be increased by working more - in fact, in the hourly payment, by working more hours it is possible to earn more.

7)

In this problem, the amount of the check in the restaurant is

$c=\$340$

The customer decides to leave a 20% tip, which corresponds to $\frac{20}{100}$ of the amount of check.

Therefore, we can write the amount of the tip left as

$t=\frac{20}{100}c$

Simplifying, we get

$t=\frac{1}{5}c$

And by substituting c = 340, we find the tip left:

$t=\frac{1}{5}(340)=\$68$

8)

In this problem, Sandra is paid per day.

Her pay per day is

$d=\$95$

Which means that she is paid 95 dollars per day.

In this month, Sandra has worked for

n = 22 days

Therefore her total earning for this month will be

$T=nd$

and substituting n = 22 and d = 95, we find:

$T=(22)(95)=\$2090$

9)

First of all, we have to find the total number of pieces produced by summing the number of pieces produced each day.

For Zinke, the total number of pieces produced is:

n = 54 + 55 + 59 + 62+ 60 = 290

The price per piece produced is

p = $1.60

Therefore, the gross pay is equal to the number of pieces times the price per piece:

$P=np=(290)(1.60)=\$464$

Then we have to repeat the exercise for Bello. The total number of pieces produced is:

n = 24 + 28 + 30 + 31 + 27 = 140

The price per piece is

p = $2.80

So, the gross pay is:

$P=np=(140)(2.80)=\$392$

10)

Here the fare for the whole drive was

f = $19.30

However, Steve gave the driver a total of 20$. This means that the tip gave by Steve to the driver is

$t=20\$ - 19.30\$ = 0.70\$$

Here we are asked to determine if the tip is adequate, generous or not enough. In order to evaluate this, we have to calculate what is the tip in % with respect to the fare.

It is:

$\frac{t}{f}\cdot 100 = \frac{0.70}{19.30}\cdot 100 =3.6\%$

The tip is 3.6% of the fare: therefore, the tip is not enough (an adequate tip can be considered between 10 and 20 %).

7 0

2 years ago

Decker's is an all-equity financed chain of retail furniture stores. Furniture Fashions produces furniture and is the primary su

Vinil7 [7]

Answer:

13.968%

Explanation:

Discount is defined as a deduction from the selling price of a product, and it is used as a way to attract more customers by using price advantage compared to competitors.

The following formula can be used to calculate discount

Discount rate = Rate of return + Competitor's beta (market risk premium)

Discount rate = 0.031 + 1.43(0.076)

Discount rate= 0.13968= 13.968%

5 0

2 years ago

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