The following information is available for Pioneer Company:
Sales price per unit is $110.
November and December, sales were budgeted at 2,940 and 3,420 units, respectively.
Variable costs are 11 percent of sales (4 percent commission, 2 percent advertising, 5 percent shipping).
Fixed costs per month are sales salaries, $4,200; office salaries, $2,800; depreciation, $2,500; building rent, $3,800; insurance, $1,200; and utilities, $800.
Required:
Determine Pioneer's budgeted selling and administrative expenses for November and December.
Answers
To determine Pioneer's budgeted selling and administrative expenses for November and December, we need to calculate the total variable costs and fixed costs for each month.
Variable costs:
November sales = 2,940 units x $110 = $323,400
December sales = 3,420 units x $110 = $376,200
Variable costs = 11% x sales
November variable costs = 11% x $323,400 = $35,574
December variable costs = 11% x $376,200 = $41,382
Variable costs breakdown:
-Commission: 4% x sales
November commission = 4% x $323,400 = $12,936
December commission = 4% x $376,200 = $15,048
- Advertising: 2% x sales
November advertising = 2% x $323,400 = $6,468
December advertising = 2% x $376,200 = $7,524
- Shipping: 5% x sales
November shipping = 5% x $323,400 = $16,170
December shipping = 5% x $376,200 = $18,810
Fixed costs:
November fixed costs = $4,200 + $2,800 + $2,500 + $3,800 + $1,200 + $800 = $15,100
December fixed costs = $4,200 + $2,800 + $2,500 + $3,800 + $1,200 + $800 = $15,100
Total selling and administrative expenses:
November = variable costs + fixed costs
November = $35,574 + $15,100 = $50,674
December = variable costs + fixed costs
December = $41,382 + $15,100 = $56,482
Therefore, Pioneer's budgeted selling and administrative expenses for November and December are $50,674 and $56,482, respectively.
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Related Questions
inventory can be measured in many ways except in: group of answer choices
A. dollars. B. days-of-supply. C.physical units. D. profit.
Answers
Inventory can be measured in various ways, including dollars, days-of-supply, and physical units. However, it cannot be measured in terms of profit, as profit is a measure of the difference between revenue and expenses, not a measure of inventory. Therefore, the correct answer to your question is D: profit. I hope this long answer helps clarify your question!
A. dollars
B. days-of-supply
C. physical units
D. profit
The correct answer is D. Profit. Inventory can be measured in A. dollars (monetary value), B. days-of-supply (time), and C. physical units (quantity), but not in D. profit, as profit is a financial metric that reflects the difference between revenue and expenses rather than a direct measurement of inventory.
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1. How can efficiency of inputs as supply-side be used to stimulate the economy during a recession ?
2. Differentiate between nominal figures and real figures.
3. Give two reasons for the existence of the public sector
Answers
Answer:
i thing the efficiency is a during
Explanation:
cookiesamichael12345678
Answers
Answer: ?
Explanation:
Girl what does that mean, either you can count right or thats a username
Background information: This excerpt describes the United States’ use of economic sanctions against Sudan. It was created by the US Department of the Treasury. According to this text, what action can you assume Executive Order 13067 took? It supplied economic and military aid to the government of Sudan. It imposed trade restrictions on Sudan. It developed a free trade agreement between the United States and Sudan. It created diplomatic relations between the United States and Sudan.
Answers
Answer: it imposed trade restrictions on Sudan
Explanation: Sudan was out of control with violating human rights/international terrorism, so the US limited their power by imposing trade restrictions
According to this document, Executive Order 13067 took the action of developing a free trade agreement between the United States and Sudan. Thus, option B is correct.
What is the Executive Order?The Executive Orders (EOs) are formal papers through which the President of the United States administers the Federal Government's activities. The orders cite the President's constitutional and statutory powers.
The White House issues Executive Orders, which are used to command the Executive Branch of the United States Government. Executive Orders provide required requirements for the Executive Branch and have legal force.
Therefore, option B is correct, that the executive order imposed trade restrictions on Sudan.
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Your best friend just purchased a new house and is planning to buy a homeowner’s insurance policy. Based on what you learned in this section, which of the following does a typical policy not cover?
Answers
Answer:
flood coverage
Explanation:
i took the quiz and it was correct
Use what you have learned about secured and unsecured loans to complete these sentences.
A loan that is associated with a valuable asset that can be taken by the lender is
.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is
.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is
Answers
A loan that is associated with a valuable asset that can be taken by the lender is a secured loan.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is an unsecured loan.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is a secured loan.
What is a Secured Loan?A secured loan is a type of loan in which the borrower pledges some form of collateral, such as a property, a car, or another valuable asset, as a guarantee that they will repay the loan. This means that if the borrower fails to make the payments on the loan as agreed, the lender can take possession of the collateral and sell it to recover their money.
Secured loans are usually available at lower interest rates than unsecured loans because they are considered less risky for lenders. This is because the lender has some form of security that they can use to recover their money in case the borrower defaults on the loan.
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Answer:
1. Secured
2. Unsecured
3. Secured
Explanation:
Edge 2023
When JFCs consider incorporating combinations of contiguous and noncontiguous AOs with linear and nonlinear operations, they choose the combination that fits the operational environment and the purpose of the operation. Which of the following combinations describe a typical sustained offensive and defensive operation against powerful, echeloned, and symmetrically organized forces and where the forward line of own troops focus combat power and protect sustainment functions?
1. Nonlinear operations in noncontiguous AOs
2. Nonlinear operations in contiguous AOs
3. Linear operations in contiguous
4. AOs linear operations in noncontiguous AOs
Answers
Answer:
The correct answer is C)
Linear operations in contiguous AOs.
Explanation:
JFC stands for Joint Forces Command.
AO in United States Army nomenclature means Area of Operations.
Linear Operations is a military terminology which refers to the execution of operations using their own troops engaged in combat in a forward fashion. Linear operations military tactics allow commanders to channel and maintain combat power toward enemy forces along with adjacent units. Another word for adjacent units is Adjacent Operations.
Cheers!
The impact of discrimination behaviour to an individual
Answers
Answer:
Discrimination affects people's opportunities, their well-being, and their sense of agency. Persistent exposure to discrimination can lead individuals to internalize the prejudice or stigma that is directed against them, manifesting in shame, low self-esteem, fear and stress, as well as poor health.
Explanation:
Please answer both questions
Answers
Answer:
Question 3: Product based
Question 4: Service based
Explanation:
Hope this helps!!
Have a blessed day/night! <333
What best describes the relationship between short and long-term goals?
Answers
taylor what happened
Answers
Answer:
whos taylor?
Explanation:
i dont know anyone named taylor so...
Answer:
do fish get thristy? this is a assignment for health
Ownership structure can vary from one company to another, but the most basic form of corporation offers ______. Multiple choice question. treasury stock preferred stock common stock net income
Answers
Although the ownership structure can vary from one company to another, the most basic form of corporation offers is known as common stock
As a result of this, we can see that an ownership structure has to do with how a company chooses to operate and the most common form which is usually used is the common stock.
This is very common because the owner of the common stock has a lot of different benefits and it is easier to buy and sell.
Therefore, the correct answer is common stock
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A company's ____________ is the percentage of the total target market for the product that belongs to the company. A. Market saturation B. Market share C. Brand image D. Market information Please select the best answer from the choices provided A B C D.
Answers
It should be noted that a company's market share serves as the percentage of the total target market for the product that belongs to the company.
Market share can be regarded as the percentage of the total revenue that is been made in a particular market or in a business.
This serves as the amount of money that the company is able to make off the market.
Therefore, option B us correct because company's market share serves as the percentage of the total target market for the product.
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The concept overview video assignments are organized ________.
Answers
The concept overview is known to be very wide. The Concept Overview Video assignments are organized by learning objective.
What is a concept overview? This is known as a term that is linked to or known with concepts. It focuses on the definitions or linkage of the concepts of some field of enquiry instead of with the use of facts.Learning objectives are known as objectives that are brief, clear, straight to the point. They are statements of which learners can be able to do at the end of a lesson.
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Integration is summation operation performed on discrete random variables
Answers
The options available are:
A. No
B. Yes
C. None of the options
D. Both A and B
Answer:
Yes
Explanation:
Given that, integration involves integral calculus to give numbers processes such that it defines characteristics like area, sizes, volumes, length, and other similar concepts that have a measurable number of practical values by summing together smaller data.
Integration is one of the two fundamental operations of calculus. The other one is differentiation which operates inversely.
Hence, the statement is correct.
seeking trade, waging war, and entering into treaties are all a part of the united states'
Answers
Seeking trade, waging war, and entering into treaties are all part of the United States' foreign policy. Foreign policy refers to the strategies and actions taken by a country's government to interact with other nations and advance its interests on the total labor cost
Trade agreements are established to promote economic relations and facilitate the exchange of goods and services. Waging war, on the other hand, is a tool used to protect national security or pursue specific objectives. Treaties are formal agreements made between countries to address various issues, such as security, diplomacy, trade, and cooperation. Together, these actions shape the United States' relations with other nations and influence its position in the international community.
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WILL MARK BRAINLIEST What goods and services do the medical/business course department purchase?
Answers
Answer:
They buy a variety of things including but not limited to, drugs, equipment, etc.
how old do you have to be to work at lululemon
Answers
Answer:
The minium age requirement to work there is 18
write a short note on meditation
Answers
Answer:
Explanation:Meditation is a practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.
To integers between eight is six and seven
If the demand for a college education is inelastic, revenues will ____ if the price of tuition increases.
Answers
If the demand for a college education is inelastic, revenues will increase if the price of tuition increases.
Elasticity of demand measures the responsiveness of quantity demanded to a change in price. When demand is inelastic, it means that the quantity demanded is not significantly affected by changes in price. In this case, consumers are relatively unresponsive to price changes, and their demand for college education remains relatively constant even if tuition prices rise.
When the price of tuition increases, and demand is inelastic, the total revenue (revenues = price × quantity) of the college or university will increase. This is because the increase in price outweighs the decrease in quantity demanded.
Let's understand this with an example: Suppose a college increases its tuition by 10%, and the demand for college education is inelastic with an elasticity coefficient of -0.5. This means that a 1% increase in tuition would result in a 0.5% decrease in quantity demanded. Since the demand is relatively unresponsive to price changes, the decrease in quantity demanded would be smaller compared to the increase in price. As a result, the total revenue of the college would increase
However, it's important to note that this relationship holds true only if demand is inelastic. If demand were elastic (meaning that quantity demanded is highly responsive to price changes), then increasing the price of tuition would lead to a significant decrease in quantity demanded, resulting in a decline in total revenue.
Ultimately, the impact of price changes on revenue depends on the price elasticity of demand for a college education. If demand is inelastic, an increase in price would lead to an increase in total revenue, while inelastic demand would result in a decrease in revenue. Therefore, understanding the elasticity of demand is crucial for colleges and universities to make informed decisions regarding tuition pricing strategies.
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Describe how the following facts represent solutions to problems of asymmetric information. a. Auto insurance rates are higher for teenagers than for nonteenagers. b. Your car insurance coverage probably includes a deductible-an amount that you have to pay out of pocket before your insurance coverage kicks in. c. Many states have laws like Virginia's that give customers the right to keep or inspect parts that are removed by an auto mechanic. d. For many couples, weddings are lavish affairs that cost tens of thousands of dollars and are attended by hundreds of guests.
Answers
An insurance policy is a contract between the insured and the insurer that promises to cover the amount of damage sustained in exchange for a little payment.
Insurance contracts are developed to satisfy specific purposes, thus they contain several characteristics that are not found in many other forms of contracts. Because insurance policies are standard forms, they contain boilerplate text that is common to a wide range of various types of insurance contracts. In general, an insurance policy is an integrated contract, which means that it comprises all forms involved with the agreement between the insured and the insurer. Supplementary writings, such as letters written after the final agreement, might, in some situations, render the insurance policy a non-integrated contract. According to one insurance textbook, "courts often evaluate all earlier conversations or agreements.
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What kind of monopoly does the cottage represent? Why?
Answers
The kind of monopoly does the cottage represent is Technological Monopoly.
What is definition of monopoly?A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis.
According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
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Yes or yes? Please help me I am to not smart edhfvidsnf
Answers
Answer:
I think yes 000000000000000
Which example best shows a safety issue related to a large manufacturing business?
Question 13 options:
The machines at the business are found to waste energy and cause excess costs.
Broken machinery and flammable chemical containers are left sitting in the parking lot.
Poverty has forced the neighborhood surrounding a business to become deserted.
The flu season has caused a high rate of absent employees at the business.
Answers
The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.
How is this a safety issue ?Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.
This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
be most helpful?
А. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Answers
Answer:
D. Cash flow statement
Explanation:
that is the answer
hope I helped you
Bob has a collision deductible of $500. He has Bodily Injury Liability coverage limit of $25,000. He hits another driver and injures her severely. The case goes to trial and there is a verdict to compensate the injured person for $40,000
a. How much does Bob have to pay?
b. How much does his insurance pay?
Answers
Bob will have to pay $500 for his collision deductible and additional $15,000 for the portion of bodily injury liability that exceeds his coverage limit $15,000. Therefore, Bob will have to pay a total of $15,500.
What is liability?Liability refers to the legal responsibility for one's actions or omissions that result in harm, damage, or loss to another party. In simple terms, liability means being accountable for something. Liability can arise from a wide range of circumstances, such as a car accident, a breach of contract, or a defective product. The party that is found to be liable is responsible for compensating the other party for any harm, damage, or loss they have suffered. Liability can be determined through various legal mechanisms, including contract law, tort law, and criminal law. In business, liability is an important concept to understand, as it can have significant financial and reputational consequences. Properly managing liability is essential for protecting oneself and one's business from potential legal claims.
Liability that exceeds= $40,000 - $25,000 = $15,000
Total= $500+ $15,000=$15,500
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Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answers
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
People of Brainly, who was your worst bully, and how did you stop them?
Answers
Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.
Answers
Answer:
$ 2,805
Explanation:
Nora has a salary of $1200
The commission is paid on all sales above $4000 at 7.5%
Current month sales are $21,400.
Commissions to be paid will be 75% of $21,400
=7.5/100 x $21,400
=0.075 x 21,400
=$1,605
Nora's total earnings will be salary plus commissions
=$1,200 +$1,605
=$ 2,805
1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answers
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...