Reference no: EM13323940
Matthew Gabon, the sales manager Office Furniture Solutions, prepared the following budget for 2011:
Sales Department
Budgeted Costs, 2011
(Assuming Sales of $11,000,000)
Salaries $400,000 Fixed
Commissions 150,000 Variable
Advertising 75,000 Fixed
Charge for Office Space 3,000 Fixed
Office Supplied & Forms 2,000 Variable
Total $630,000
After he submitted his budget, the president of Office Furniture Solutions reviewed it and recommended that advertising be increased to $100,000. Further she wanted Matthew to assume a sales level of $11,000,000. The level of sales is to be achieved without adding to the sales force.
Matthew's sales group occupies approximately 250 square feet of office space out of total administrative office space of 20,000 square feet. The $3,000 space charge in Matthew's budget is his share (allocated based on relative square feet) of the company's total cost of rent, utilities, and janitorial costs for the administrative office building
What happens with the office space?
|
How does cavitation affect the operation of the pump
: Sometimes driving your car on a hot day, you may encounter a problem with the fuel pump called pump cavitation. What is happening to the gasoline. How does this affect the operation of the pump.
|
|
Explain why the required reserve ratio, the excess reserve
: Explain why the required reserve ratio, the excess reserve ratio, and the currency ratio are in the denominator of the m1 and m2 money multipliers.
|
|
Compute the exact number of days between any two dates
: Write a program to compute the exact number of days between any two dates in history. Call this program file b.c. A sample run, with user input in boldface.
|
|
Determine the hp of the pump required to pump the water
: A pumped storage power plant is to be designed for a flow rate of 6,000 cfs per penstock. The penstocks are 20 ft. in diameter, with a relative roughness of 0.008. The elevation difference between the two reservoirs is 340 ft.
|
|
What happens with the office space
: The $3,000 space charge in Matthew's budget is his share (allocated based on relative square feet) of the company's total cost of rent, utilities, and janitorial costs for the administrative office building
|
|
What is the competitive equilibrium price per ride
: What is the competitive equilibrium price per ride? What is the equilibrium number of rides per day? What is the minimum number of taxi cabs in equilibrium?
|
|
Will the water flow up over the wall like water flows up
: For a groundwater hydrology problem, if you have an unconfined aquifer, and someone inserts an impermeable wall into the middle of it (a wall that starts at the bottom and does not stretch the full height of the aquifer),
|
|
What will be the effect of the price
: What will be the effect of the price increase on the firm's FCF for the year and chip's Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20
|
|
Find existing securities
: Find existing securities that could be used for one of the hedges. Qualitatively describe your hedging strategy and give a brief explanation of the pros and cons of your individual hedge
|