For February, sales revenue is $638,000, sales commissions are 5% of sales, the sales manager's salary is $87,100, advertising expenses are $85,400, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$175,000 b.$216,470 c.$206,900 d.$213,280

Q: The following information is given for Miller Company: Operating Expenses $ 90,000 Sales Returns and…

A: Formula: Net sales = Sales revenue - Sales returns and allowances - Sales discounts. Deduction of…

Q: Given the following information, calculate the Net Income for the year ended December 31.…

A: Given that, Selling Expenses 98,000 General Expenses 68,500 Sales 625,000 Finished Goods, January 1…

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: The following information is available in the financial records of Tūī  Ltd, a large retail shop:…

A: The cash indicates the cash receipts and cash payments. The cash receipts include the collection…

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: A company has sales of Ghc1,000. The company sell three types of goods. Sixty percent of sales are…

A:

Q: For February, sales revenue is P700,000; sales commissions are 5% of sales; the sales manager's…

A: Selling expenses are all the expenses which incurred by the sales department.These expenses are like…

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

A:

Q: The following information pertains to Monroe Company: Month Sales Purchases January $68,000 $35,000…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: TJVTBP218 Corp.'s income statement for the second quarter of the year is below: TJVTBP218 Corp.…

A: No. of units sold = Total sales / Sales price per unit = $840000/70 = 12000 units

Q: Reliance Company budgets sales at 2,000,000 and expects a net income before tax of 10% of sales.…

A: For a manufacturing business, total costs incurred on the product in manufacturing stage is known as…

Q: Beach’s business made sales of £24,000 during the month of January 1991, indirect expenses amounted…

A: We have the following information: Sales: $24,000 Indirect Expense: $12,000 Net profit: 10% of…

Q: A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in…

A: Production in the month of March = Total Sales - (Sales in Jan + Sales in Feb + Sales in April +…

Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…

A: Formula: Cash collection amount : Credit sales x cash collection %

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Absorption Costing: The approach of management accounting known as "absorption costing," which is…

Q: , 40% in the month following, 8% in the second month following, and 2% uncollectible. Credit sales…

A: Given: To prepare the cash budget of the month which is ending of quarter Sep 30, 201A as,     As…

Q: he contribution margin for Sam's Bookstore for the first quarter is:

A: Contribution margin: Contribution is the excess of sales price over the variable expenses incurred…

Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

Q: Catt sells goods at a margin of 50%. During the year to 31 March 20X3 the business made purchases…

A: We have the following information:  Goods are sold at a margin of 50% Purchases: $134,025 Sales:…

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Alpha CD Inc. began operations on January 1 of the current year with a P12,000 cash balance. Forty…

A: Cash Budget: A cash budget is a forecast of a company's cash flow over a given time period. This…

Q: Cosgrove Company Traditional Format Income Statement For the Three Months Ended June 30 April May…

A: To determine the total costs of any product or goods there are mainly two types of costs are…

Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…

A: Formula: Cash collection amount = Credit sales x Cash collection %

Q: SafeMark Financial Inc. was organized on February 28. Projected selling and administrative expenses…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: he following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Solution: Since as per the BNED requirements, Each question is answered to the maximum of 3 sub…

Q: The following totals appear in the day books for March 20X8. $ Sales day book 40,000 Purchases…

A: We have the following information: Sales day book: $40,000 Purchases day book: $20,000 Returns…

Q: Using the data below, compute lan's return on sales ratio for the month of January. Net Sales…

A: Return on sales ratio: The ratio which evaluates the amount of net income earned for every dollar of…

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Budgeted financial statements are prepared so that actual operations can be aligned with the…

Q: A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90,000.…

A: Given the following information: Mark up cost on sales: 20% Sales: $90,000

Q: A company reports the following amounts at the end of the year: Total sales revenue = $560,000;…

A: Net sales is the primary figure or the main figure of importance that accounting and financial…

Q: In September, Company had sales of $273,000, selling expenses of $26,000, and administrative…

A: Introduction: Income statement: All revenues and expenses are recorded in income statement. It tells…

Q: Pelotoni Dips Inc. manufactures a single product that has become very popular in the Windsor area.…

A: Note: Cost of goods sold is the variable expense and Advertising, insurance and depreciation are the…

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: The following totals appear in the day books for March 20X8. $ Sales day book 40,000 Purchases…

A: We have the following information: Sales day book: $40,000 Purchases day book: $20,000 Returns…

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Schedule of expected cash collections Particulars April May June Quarter Budgeted Sales…

Q: Miggy Co. projects the following monthly revenues for next year: 100,000 500,000 452,000 450,000…

A: Working

Q: The table below highlights Deluna Company's expected sales Month RM January 100,000 February 120,000…

A: Jan sale = 100,000 Feb sale = 120000 March sale = 110000 Receipt in the month of sale = 30% One…

Q: Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses…

A: Schedule for cash payment for selling and administrative expense March Expense March…

Q: The following data relate to the operations of Shilow Company, a wholesale distributor of consumer…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Oakwood Financial Inc. was organized on February 28. Projected selling and administrative expenses…

A: Total cash expenses = Total expenses - depreciation

Q: Company A receives $10,000 in advance this month for work to be performed next month. This month,…

A: Adjusting journal entry: To record any unrecognized income or expenses for the period company made…