For March, sales revenue is $800,000; sales commissions are 4% of sales; the sales manager's salary is
Question:
For March, sales revenue is $800,000; sales commissions are 4% of sales; the sales manager's salary is $80,000; advertising expenses are $75,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $2,100 plus 3/4 of 1% of sales. Total selling expenses for the month of March are:
1. $203,100
2. $187,550
3. $194,100
4. $192,100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
1 203100 Sales commission 800000 X 4 32000 Sa...View the full answer
Answered By
Vaibhav Bhatt
I am a law graduate having keen interest in IPR and Constitutional law. I hold one year experience of working as a subject matter expert in business laws at Evelyn Learning Systems. During my employment with the company, I created engaging and original content for the US law textbooks. I also helped the students of Australia, Canada, Malaysia, and the US in solving their academic queries.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
For February, sales revenue is $300,000, sales commissions are 5% of sales, the sales manager's salary is $40,000, advertising expenses are $13,000, shipping expenses total 1% of sales, and...
-
Return to a. Sales for March total 25,000 units. Forecasted sales in units are as follows. April, 25,000; May, 17,000; June, 22,400; and July. 25,000. Sales of 259,000 units are forecasted for the...
-
1 For each employee with a salary greater than 100 000 list the employee s id employeeid first name empfname last name emplname and salary empsalary as high salary Records should appear in descending...
-
7 8 0 The following data is provided for the Piedmont Corporation. All costs are actual costs. Complete the cost flows diagram attached to this problem and calculate CGM and CGS. Prepare journal...
-
Calculate the percent ionization of hydrouoric acid at the following concentrations: (a) 0.60 M, (b) 0.0046 M, (c) 0.00028 M. Comment on the trends.
-
Can you use \(\bar{R}^{2}\) to compare the fit of a \(\log -\log\) and a log-linear regression? Why or why not? Can you use \(\bar{R}^{2}\) to compare the fit of a log-log and a linearlog regression?...
-
How many \(50 \mathrm{~W}\) panels will the owner require assuming battery storage is \(75 \%\) efficient and all loads are DC (no inverter)? a. For a stationary system "seeing" \(5 \mathrm{~h}\) of...
-
The following information is available to reconcile Branch Companys book balance of cash with its bank statement cash balance as of July 31, 2015. a. On July 31, the companys Cash account has a...
-
Use the following 4-step approach when analyzing ethical issues and case studies. 1. Identify the ethical issue(s) noted in the reading. Isolate the true issue or issues. 2. Identify the stakeholders...
-
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and...
-
Magenta Corporation is a calendar year corporation. Magenta Corporation had $25,000 in Accumulated Earnings and Profits (AE&P) at the beginning of the current year. For the current tax year, Magenta...
-
Beebe Corporation (a calendar year taxpayer) has taxable income of $150,000, and its financial records reflect the following for the year. Federal income taxes paid $75,000 Net operating loss carry...
-
Use a graphing utility to graph the curve represented by the parametric equations (indicate the orientation of the curve). Eliminate the parameter and write the corresponding rectangular equation. x...
-
A busy chipmunk runs back and forth along a straight line of acorns that has been set out between its burrow and a nearby tree. At some instant, it moves with a velocity of -1.39 m/s. Then, 2.29 s...
-
A horizontal pipe of diameter 0.779 m has a smooth constriction to a section of diameter 0.4674 m. The density of oil flowing in the pipe is 821 kg/m. If the pressure in the pipe is 7530 N/m and in...
-
The initial velocity of a 2.30-kg block sliding down a frictionless inclined plane is 1.17 m/s. 1.70 s later, it has a velocity of 7.29 m/s. Based on this information, calculate the angle 0 of the...
-
The electric field 69.0 cm from a very long uniform line of charge is 731 N/C. How much charge is contained in a 3.00 cm section of the line? Please give your answer in units of pC.
-
The potential equals 7.92 V at the midpoint between two point charges that are 1.01 m apart. One of the charges is 1.06 x 10-9 C. Find the value of the other charge. Submit Answer
-
In fluid mechanics, the Reynolds number is a dimensionless number involving the fluid velocity v, density , viscosity , and a characteristic length r. Use dimensional analysis to find the Reynolds...
-
A sample statistic will not change from sample to sample. Determine whether the statement is true or false. If it is false, rewrite it as a true statement.
-
What is meant by provision for discount on debtors?
-
What factors contribute to the diversity of accounting systems worldwide?
-
Nestl S.A. is a very large company headquartered in a very small country (Switzerland). It has operations in more than 50 different countries around the world. Much of the companys international...
-
Nestl S.A. is a very large company headquartered in a very small country (Switzerland). It has operations in more than 50 different countries around the world. Much of the companys international...
-
es Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations: 1. Accepted $16,600 on April 1, Year 1, as a retainer for services to be performed evenly...
-
Dahlia Corporation has a current accounts receivable balance of $439,516. Credit sales for the year just ended were $5,503,810. a. What is the receivables turnover? Note: Do not round intermediate...
-
Why does the organizational structure hold political significance? Provide an in-depth analysis of this concept using examples from both academic literature and real-world instances. Additionally,...
Study smarter with the SolutionInn App