For February, sales revenue is $552,000, sales commissions are 4% of sales, the sales manager's salary is $86,400, advertising expenses are $87,400, shipping expenses total 2% of sale, and miscellaneous selling expenses are $2,600 plus 1/2 of 1% of sales. Total selling expenses for the month of February are Oa. $176,400 Ob. $212,280 Oc. $198,480 Od. $209,520
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- For February, sales revenue is $606,000; sales commissions are 5% of sales; the sales manager's salary is $91,600; advertising expenses are $81,900; shipping expenses total 4% of sales; and miscellaneous selling expenses are $3,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are Oa. $176,500 Ob. $206,800 Oc. $234,070 Od. $231,040For February, sales revenue is $596,000, sales commissions are 7% of sales, the sales manager's salary is $88,800, advertising expenses are $83,900, shipping expenses total 3% of sale, and miscellaneous selling expenses are $2,300 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a. $216,720 b. $234,600 Oc. $237,580 d. $175,000For February, sales revenue is $620,000, sales commissions are 6% of sales, the sales manager's salary is $80,300, advertising expenses are $80,200, shipping expenses total 2% of sale, and miscellaneous selling expenses are $2,700 plus 1/2 of 1% of sales. Total selling expenses for the month of February are O $212,800 O b. $200,400 O c. $215,900 Od $163,200
- For February, sales revenue is $579,000, sales commissions are 7% of sales, the sales manager's salary is $80,300, advertising expenses are $87,600, shipping expenses total 3% of sales, and miscellaneous selling expenses are $2,000 plus ½ of 1% of sales. Total selling expenses for the month of February are a. $230,695 b. $227,800 c. $169,900 O d. $210,430For February, sales revenue is $610,000, sales commissions are 7% of sales, the sales manager's salary is $91,600, advertising expenses are $92,700, shipping expenses total 3% of sale, and miscellaneous selling expenses are $2,200 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$247,500 b.$250,550 c.$186,500 d.$229,200For February, sales revenue is $900,000; 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 1/2 of 1% of sales. Total selling expenses for the month of February are a.$227,600. b.$241,100. c.$245,600. d.$243,500.
- For February, sales revenue is $613,000, sales commissions are 4% of sales, the sales manager's salary is $ 83,600, advertising expenses are $92, 900, shipping expenses total 4% of sale, and miscellaneous selling expenses are $2,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a. $ 230, 605 b. $227, 540 c. $178, 500 d. $203, 020For January, sales revenue is $500,000; 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 ¾ of 1% of sales. Calculate the total selling expenses for the month of January.A company has provided the following details for a month: Estimated Sales Units 16,500 Variable Selling and Administrative Expense per Unit $4.00 Fixed Selling and Administrative Expenses $95,000 Depreciation Expense included in Fixed Selling and Administrative Expense $27,000 How much is expected cash disbursements for selling and administrative expenses?
- A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42The following information pertains to Monroe Company: Month Sales Purchases January $62,000 $33,000 February $84,000 $42,000 March $101,000 $61,000 Cash is collected from customers in the following manner: Month of the sale: 45%, with the remainder the month after. 70% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 35% of sales. Other operating costs are $38,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. How much cash will be paid to suppliers in March?Rainbow, Inc began operations on January 1 of the oument year with a $12.000 cash balanoe. Forty percent of sales e collected in the month of sale 00 ae colleded in the month following sale Similarty. 20% of purchases are paid in the month of purhase, and B0 are paid in the morth following purchase. The folowing data apply February January February 66.00 35.00 Sales 30.00 40.00 Purdhases Operating epenses operating experses re paid in the month inoumed and indude monnly deprediation anarges of 52.600. denermine the change in Rainbows cash talane dunng February $7.500 ingrease 7.000 9.000 $2.000 increase 35.000 inrease 4.000 ingrease None of the answen is coned