Sales revenue and selling expenses

Assignment Help Financial Accounting
Reference no: EM131296193

For June, Sales Revenue, and Selling Expenses are as follows:Sales Revenue is $600,000. Selling Expenses are:

sales commissions are 3.5% of sales; the sales manager's salary is $56,000; advertising expenses are $70,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $4,100 plus 1/2 of 1% of sales.

Total selling expenses for the month of June are....? $

Reference no: EM131296193

Questions Cloud

Amount of contingent liability can be reasonably estimated : When the amount of a contingent liability can be reasonably estimated and its likehood is possible but not probable, the company should:
Disclosures and legal procedures : The purpose of this assignment is to compare legal principles, disclosures and legal procedures. Accounting of disclosures specific to the ARRA and HITECH regulations are also introduced.
Determine variable factory overhead controllable variance : Lo-bed Company produced 4,000 units of product that required four standard hours per unit. The standard variable overhead cost per unit is $3.00 per hour. The actual variable factory overhead was $51,240. Determine the variable factory overhead contr..
What is tax basis in his partnership interest : Last December 31, Ramon sold the 20 percent interest in the Del Sol Partnership that he had held for two years to Garrett for $587,500. Prior to selling his interest, Ramon’s basis in Del Sol was $298,000, which included a $101,000 share of nonrecour..
Sales revenue and selling expenses : For June, Sales Revenue, and Selling Expenses are as follows:Sales Revenue is $600,000. Selling Expenses are: sales commissions are 3.5% of sales; the sales manager's salary is $56,000; advertising expenses are $70,000; shipping expenses total 2% of ..
Why can the firm not just keep doing what it has been doing : Why is this considered a transformational change? Why can the firm not just keep doing what it has been doing? What is management's role in the transformational change?
Identify the hedged item and hedge instrument : A New Zealand company has a foreign denominated asset in United States dollars worth US$600,000 on the 1 July 2016. The US debtor is due to repay this debt to the New Zealand company over the next 12 months. Describe what each party to the contract w..
Who is a full-time college student : ACC 129 - Comprehensive Final Problem - Fall 2016. George (12/24/1973) and Mary Bailey (6/29/1974) are married. They have two children remaining at home Zuzu (223-07-5439), (DOB 6/29/2006), and Harry (324-92-1765), DOB (1/4/1998) who is a full-time..
What types of negotiations the experts typically engage in : What types of negotiations the experts typically engage in? Who do they negotiate with? What are the challenges faced in the negotiations? What leads to negotiation success in their field?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd