Calculate hartfords budgeted selling expense for coming year

Assignment Help Corporate Finance
Reference no: EM13889890

Hartford Company expects to sell 50,000 units of its product in the coming year. Each unit sells for $50. Sales brochures and supplies for the year are expected to cost $9,000. Two sales representatives cover the southeast region. Each representative's base salary is $20,000, and each earns a sales commission of 5 percent of the selling price of the units he or she sells. The sales representatives supply their own transportation; they are reimbursed for travel at a rate of $0.60 per mile. The company estimates that the sales representatives will drive a total of 70,000 miles next year. Calculate Hartford's budgeted selling expenses for the coming year.

Reference no: EM13889890

Questions Cloud

What is the value judgment that underpins pareto efficiency : A new free-trade agreement increases total surplus. Everyone agrees on that. But your friend says, "Big deal, I am not supporting any such policy!" Can you argue why he should? Why he should not?
Find the water pressure term of the total soil water : The Following system is at equilibrium. Find the water pressure term (h or p) of the total soil water potential at point A and point B. You may express your response in either energy/volume or energy/weight of water
Consider the following information for a project : 1.Consider the following information for a project to add a drive thru window at Crestview Bank.
Current design and design b is a proposed new design : You want to compare the daily sales for two different designs of Web pages for your internet business.  You assign the next 62 days to either Design A or Design B, 31 days each.   The summary statistics for the test are shown in part (d) on the next ..
Calculate hartfords budgeted selling expense for coming year : The company estimates that the sales representatives will drive a total of 70,000 miles next year. Calculate Hartford's budgeted selling expenses for the coming year.
Would ownership of this cylinder provide with market power : An underground vault near Paris contains a cylinder made of iridium and platinum. By definition it weighs one kilogram. Would ownership of this cylinder provide you with market power? Would you be a monopolist?
Assignment oncomprehensive case assessment and presentation- : specify the population involved (race, gender, culture, ethnicity, sexual orientation, ability, or other special circumstance). All cases should be rural.
Does a high long-run elasticity of demand in an industry : Does a very high long-run elasticity of demand in an industry necessarily imply that there is no public policy issue?
Write a parallel program with mpi : Write a parallel program with MPI that supports the computation - design own decomposition logic on the given problem, such as the number of processes produced, how and where to pass the result from one process to another etc.

Reviews

Write a Review

Corporate Finance Questions & Answers

  Explain how a discount factor reflects opportunity cost

Explain why the volatility of a firms input and operating costs over time might be a critical factor in drawing conclusions about the adequacy of their debt coverage ratios.

  Determine the irr for the lease

Determine the net advantage to leasing and determine the IRR for the lease - worth of warehousing equipment under a lease that would require annual lease payments in arrears for five years.

  Prepare the schedule of cost of goods manufactured

All raw materials are considered direct to the manufacturing process. During April, the company purchased $260,000 of raw materials. Direct labor cost for the month was $342,000; workers are paid $9.50 per hour. Overhead is applied at the rate of ..

  Evaluation of investment alternatives

In Whitney Houston's will, she leaves her daughter, Bobbi Kristina, 20 million dollar. Bobbi Kristina goes to Body Guard Bank where her Frank Farmer, financial adviser, recommends that she use a discount rate is five percent.

  Finding additional financing

ICU has current assets of $800,000 and net fixed assets of $1,400,000. The company expects its sales to climb 25% next year from its current level of $3,500,000.

  You are provided the following information on a company the

you are provided the following information on a company. the total market value is 40 million. the companys capital

  Explain why roic is a better analytical tool

1)-A. Explain why ROIC is a better analytical tool than return on equity (ROE) and return on assets (ROA) B. Compute ROIC given the following information : EBITDA=$3,000, REVENUES=$5,000, INVESTED CAPTAL=$20,000, OPERATING CASH TAX RATE =25 percent

  Discus capital market expectations for different asset

discus capital market expectations for different asset classes .for example show your estimates for u.s. large-cap u.s.

  Preferred stock and wacc the saunders investment bank has

preferred stock and wacc the saunders investment bank has the following financing outstanding. what is the wacc for the

  Calulate the average returns & the standard deviations

Following holding-period returns shown here, calulate the average returns & the standard deviations for the company and for the market.

  Draw a payoff profile with dollars-per-yen on the axes

Draw a time line illustrating the transaction. Draw a payoff profile with dollars-per-yen on the axes. Suppose Snow White takes out a forward contract to hedge this transaction. Describe this contract.

  Part a use the financial statements in the text to

part a use the financial statements in the text to determine the following for jaeden industries.calculate jaedans free

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd