For February, sales revenue is P700,000; sales commissions are 5% of sales; the sales manager's salary is P96,000;

Q: Assume a merchandising company’s estimated sales for January, February, and March are $106,000,…

A: Cash disbursements for February = (Budgeted purchases for January X 75%) + (Budgeted purchases for…

Q: A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next…

A: sales calculated as follows  8%on first 1000 12% next 2000 20% on sales above 3000 salespersons…

Q: For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's…

A: Selling expenses are the total expenses incurred by the seller to sell the product. It includes…

Q: For January, sales revenue is $500,000; sales commissions are 4% of sales; the sales manager’s…

A: Selling, general, and administrative expenses: The cost expended for selling the merchandise, and…

Q: Assume a merchandising company’s estimated sales for January, February, and March are $118,000,…

A: it is given that, It pays for 25% of its merchandise purchases in the month of the purchase and the…

Q: Company A sold merchandise for $171,000 cash during July. Returns that month totaled $3,600. If the…

A: The net sales are calculated as Gross Sales less sales return and allowance. The gross profit is…

Q: Assume a merchandising company's estimated sales for January, February, and March are $105,000,…

A:

Q: For February, sales revenue is $640,000, sales commissions are 5% of sales, the sales manager's…

A: Sales Commission = Sales × Given percentage=$640,000 × 5%=$32,000   Shipping expenses = Sales ×…

Q: Assume a merchandising company’s estimated sales for January, February, and March are $105,000,…

A: The budget is prepared to estimate the future requirements in advance.

Q: For February, sales revenue is $596,000, sales commissions are 7% of sales, the sales manager's…

A: The selling expenses are the operating expenses including sales commission, sales manager salary,…

Q: For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's…

A: Introduction: The costs of delivering, marketing, and selling goods or services are referred to as…

Q: During June 1, Company B sold a merchandise for P 1,440,000. The mark up on this kind of sale is at…

A: Dear student i hope it will help  you i have answered below

Q: For February, sales revenue is $555,000; sales commissions are 6% of sales; the sales manager's…

A: Selling expenses include all those amounts which are paid for selling goods & services. These…

Q: For February, sales revenue is $595,000, sales commissions are 6% of sales, the sales manager's…

A: Introduction: Selling expenses are the costs of distributing, advertising, and selling a product or…

Q: For June, Sheffield Corp. estimated sales revenue at $800000. It pays sales commissions that are 4%…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Fernando Company developed the following data for the month of August: 1. August 1 cash balance…

A: Cash receipts from account receivable = (300,000 x 70%) + (400,000 x 15%) + (400,000 x 10%) =…

Q: Assume a merchandising company's estimated sales for January, February, and March are $106,000…

A: Solution:- Calculation of cash disbursements for February as follows:- Working note:-1…

Q: Required: 2. Anticipated total cash available from all sources in August. 3. August cash payments…

A: 2. Total Cash Available from all Sources in August Particulars     Amount Opening Cash Balance…

Q: For February, sales revenue is $552,000, sales commissions are 4% of sales, the sales manager's…

A: Selling expense : Selling expense is the company's cost of selling, distributing, and marketing the…

Q: Besoluck company has sales of P480,000 and P450,000 for September 4 points and October respectively.…

A: Reserve for doubtful accounts represents the estimation of the management for the accounts…

Q: For February, sales revenue is $700,000, sales commissions are 5% of sales, the sales manager's…

A: Cost pertain to the distribution, marketing, and selling represents selling expenses.

Q: Assume a merchandising company's estimated sales for January, February, and March are $107,000, $…

A: The budget is prepared to estimate the requirements for the period. The purchase budget is prepared…

Q: Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May.…

A: Units sold in March = Total units - (units sold in January + units sold in feb + units sold in april…

Q: A merchandiser plans to sell 12,100 units next month at a selling price of $110 per unit. It also…

A: Contribution margin is the difference between total sales revenue and total variable cost. It is…

Q: If sales for January are $10,000 and sales for February are $20,000 and all sales are credit sales…

A: The collection is done in the month following the sale. Means, Sale of January is collected in…

Q: Assume a manufacturing company,s estimated sales for january,febuar and march are 1,00,000 ,…

A: Cost of goods sold = Sales x 40% Purchases = Cost of goods sold + Desired ending inventory -…

Q: For February, sales revenue is $568,000, sales commissions are 6% of sales, the sales manager's…

A: Total selling expenses for the month of February are Sum of  Sales commission  Sales manager salary…

Q: For February, sales revenue is $613,000, sales commissions are 4% of sales, the sales manager's…

A: Selling Expenses:The expenses that are related to the sales of goods or services are known as…

Q: For February, sales revenue is $579,000, sales commissions are 7% of sales, the sales manager's…

A: The selling expenses are the operating expenses including sales commission, sales manager salary,…

Q: For February, sales revenue is $610,000, sales commissions are 7% of sales, the sales manager's…

A: Selling Expenses - Selling Expenses includes those expense which are related to the selling part of…

Q: For February, sales revenue is $620,000, sales commissions are 6% of sales, the sales manager's…

A: Introduction:The costs of delivering, marketing, and selling goods or services are referred to as…

Q: Dominic's, Inc. had actual sales for January and February and forecasted sales for March, April, May…

A: Formula: Cash collections = Month sales value x cash collected percentage. Multiplication of month…

Q: For February, sales revenue is $606,000; sales commissions are 5% of sales; the sales manager's…

A: Selling expenses are those expenses which is associated with distributing, marketing and selling a…

Q: Required: 1. Anticipated cash receipts from accounts receivable in August.

A: Accounts Receivables are as follows: Credit Sales for August = P300000 Credit Sales for July =…