FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 15 (2 points) Tri-Facet Company has budgeted sales of $375,000 for the month of February. Gross margin is budgeted at 40% of sales dollars.

image text in transcribed

Question 15 (2 points) Tri-Facet Company has budgeted sales of $375,000 for the month of February. Gross margin is budgeted at 40% of sales dollars. Net income for the month of February is budgeted to be $31,600. How much are budgeted selling and administrative expenses for the month of February? $181,600 $118,400 $193,400 $343,400

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

Management Reporting Und Behavioral Accounting Verhaltenswirkungen Des Berichtswesens Im Unternehmen

Management Reporting Und Behavioral Accounting Verhaltenswirkungen Des Berichtswesens Im Unternehmen

Authors: Andreas Taschner

2nd., 2nd. Auflage Aufl. 2019 Edition

3658234911, 978-3658234911

More Books

Students also viewed these Accounting questions

Question

★★★★★
The simple Keynesian model can be analyzed in terms of the TE-TP framework. 1. List the different names for the TE-TP framework. 2. Explain how a total expenditures curve is derived, and what causes...

Answered: 1 week ago

Question

★★★★★
In this Fig the exclusive-OR gate has a propagation delay of 15 ns and that the AND or OR gates have a propagation delay of 5 ns. What is the total propagation delay time in S0 output of the four-bit...

Answered: 1 week ago

Question

★★★★★
=+115 residents, 38 reported that they worked moonlighting jobs and 22 reported a credit card debt of more than $3000. Suppose that it is reasonable to consider this sample of 115 as a random sample...

Answered: 1 week ago

Question

★★★★★
Philip Morris expects the sales for his clothing company to be $550,000 next year. Philip notes that net assets (Assets Liabilities) will remain unchanged. His clothing firm will enjoy a 12 percent...

Answered: 1 week ago

Question

★★★★★
Cash flow to owners. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $ 18 comma 700$18,700 for 20172017 and had an overall...

Answered: 1 week ago

Question

★★★★★
Below is an excerpt from a 2-year select life table. Assuming an effective rate of interest of 5.26%, calculate the net single premium for a 3-year term insurance of 1000000 issued to an individual...

Answered: 1 week ago

Question

★★★★★
The main bottling plant at Pepsi Soft drinks has a capacity of 80,000 liters a day, and works a seven-day week. It fills standard bottles of 750 ml, and these are passed to a packing area which can...

Answered: 1 week ago

Question

★★★★★
1. What is a spinlock? What is an alternative to using spinlocks? 2. in c programming language Write a program to produce the following output on the screen. Sol25: 1. A spinlock is a synchronization...

Answered: 1 week ago

Question

★★★★★
Who can help me finish writing this algorithm for mergeSort? There comment guidelines in the code. /** Performs a merge sort using a given input array @param array the (unsorted) array @return the...

Answered: 1 week ago

Question

★★★★★
In the EWD Viewer, component locations are found by selectyng the: Help button Component Component Detail Button Location tan

Answered: 1 week ago

Question

★★★★★
/** * Compute the median (middle value) of an array of integers. * For even sized arrays, the value is the average of the two middle values. * @param values - an array of integers * @return */ public...

Answered: 1 week ago

Question

★★★★★
Describe how to determine the vocabulary level of business messages.

Answered: 1 week ago

Question

★★★★★
Format business letters using the full block, modified block, and simplified styles.

Answered: 1 week ago

Question

★★★★★
Use a three-step process to develop effective business messages.

Answered: 1 week ago

Previous Question Next Question