Find the total selling expenses for the month of october

Assignment Help Accounting Basics
Reference no: EM131671296

Question - For October, sales revenue is $600,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $80,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,100 plus 1% of sales. Total selling expenses for the month of October are:

(a) $224,000

(b) $206,000

(c) $226,100

(d) $212,000

Reference no: EM131671296

Questions Cloud

Locate a news article describing an act of altruism : Write a 700- to 1,050-word paper in which you analyze the act of altruism.
What is entry to record transaction in the ledger accounts : Suppose a customer deposited $800 against an invoice directly into your bank account, what is the entry to record this transaction in the ledger accounts
What are some possible causes of fear of crime at the center : Is there a crime problem at the Senior Citizens' Center?Is fear reduction a police problem? What are some possible causes of fear of crime at the Center?
Happiness and your health : List three (3) ways that the culture in which we live determines our happiness. Give two (2) examples of ways.
Find the total selling expenses for the month of october : For October, sales revenue is $600,000; sales commissions are 5% of sales; Total selling expenses for the month of October are
How large would the sample size be : A city's telephone book lists 100,000 people. If the telephone book is the frame for a study, how large would the sample size be if systematic sampling.
Where could the researcher obtain a frame for study : If a company employs 3,500 people and if a random sample of 175 of these employees has been taken by systematic sampling, what is the value of k?
Calculate the annual break even point in unit sales : Mrs Mac sells burgers and is considering whether to open a second outlet. Calculate the annual break even point in unit sales
Textbook discussion on memory and recall : Take a position on whether or not eyewitness testimony should be permissible as evidence in court given the textbook's discussion on memory and recall.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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