Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Genends Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2015

  1. Genends Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2015 operations.

Sales (6,000 microwave ovens)

$1,740,000

Cost of goods sold

960,000

Store managers salary per year

100,000

Operating costs per year

250,000

Advertising and promotion per year

30,000

Commissions (3% of sales)

52,200

What are the estimated total costs if Genends store expects to sell 8,000 next year?

  1. $1,952,200
  2. $380,450
  3. $812,117
  4. $1,729,600
  5. None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby

1st Canadian Edition

0070891737, 978-0070891739

More Books

Students also viewed these Accounting questions