Bente Company, which pays a 10% commission to its salespeople, reported sales revenues of P210,000 for the period just ended. If fixed and variable sales expenses totaled P56,000, what would these expenses total at sales of a. P168,000? b. P16,800. c. P35,000. d. P44,800. e. P51,800.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 1CPA: Paula has sales that qualify to be reported on the installment basis. In year 2, installment sales...
icon
Related questions
Question

Choose the letter of answer:

Bente Company, which pays a 10% commission to its salespeople, reported sales revenues of P210,000 for the period just ended. If fixed and variable sales expenses totaled P56,000, what would these expenses total at sales of

a. P168,000?
b. P16,800.
c. P35,000.
d. P44,800.
e. P51,800.

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning