What would these expenses total at sales

Assignment Help Financial Accounting
Reference no: EM131256744

ABC Company, which pays a 10% commission to its salespeople, reported sales revenues of $200,000 for the period just ended. If fixed and variable sales expenses totaled $56,000, what would these expenses total at sales of $168,000?

$16,800

$35,000.

$52,800.

$51,800.

None of these.

Reference no: EM131256744

Questions Cloud

What is the income now and if they reduce the price : Currently we are selling 6,000 units. They are considering reducing the price 10% but plan on still paying a sales commission of $12. They think that sales will increase by 1,200 units. What is the income now and if they reduce the price? Refer to th..
What is the interest rate on loans with the terms : 1.George has $20,000 in credit card debt at 18% interest compounded monthly. How many months will it take to pay off this amount: If he makes a $350 payment each month? What is the interest rate on loans with the following terms?
What could be the ethical issues in accounting : What could be the ethical issues in accounting and how they may impact few stack holders? Kindly explain with few (2 or 3) examples
Within the relevant range-classified as product costs : All of the following would be classified as product costs except: Within the relevant range:
What would these expenses total at sales : ABC Company, which pays a 10% commission to its salespeople, reported sales revenues of $200,000 for the period just ended. If fixed and variable sales expenses totaled $56,000, what would these expenses total at sales of $168,000?
What are the effects of inventory errors : There may be instances of incorrect recording of inventory data in the books of account. As closing inventory is carried forward in the general ledger of the next accounting period, as opening inventory, an incorrect recording of inventory in one acc..
Effective leaders can help employees satisfy : Effective leaders can help employees satisfy more than one need from Maslow's Hierarchy of Needs.  Name at 2 of these needs that employees can satisfy through work and briefly explain how this might be accomplished.
Example of managing earnings downwards : Which of the following is an example of managing earnings downwards?
Disclosed in its financial statements or notes : Which of the following earnings per share figures does not need to be disclosed in its financial statements or Notes?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a statement of cash flows-direct method

Paloma Horse Farm, Inc., began 2012 with cash of $100,000. During the year, Paloma earned service revenue of $594,000 and collected $580,000 from customers. Expenses for the year totaled $410,000, with $400,000 paid in cash to suppliers and employees..

  Manufacturing overhead multiple application bases

Manufacturing overhead multiple application bases. Staley Toy Co. makes toy flutes.

  Solely owns and actively participates in rental activity

Anscomb is an employee who also solely owns and actively participates in a rental activity which produced a $20,000 profit in the current year. Anscomb’s W2 income in the current year is $115,000. Considering only the foregoing facts, what should Ans..

  What will be the effect on net operating income of company

Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution format income statement follows: Department Total Hardware Linens Sales $ 4,320,000 $ 3,120,000 $ 1,200,000 Variable expenses 1,..

  Calculate the cash flow ratios for each company

Calculate the cash flow ratios for each company and then create an industry average of all four companies. Comment on how well you think your industry average would work as a guide when analyzing other firms in this industry.

  Which theory of regulation best explains regulatory process

Write an explanation of each theory sourced, in the most part from the academic journal articles evaluated in Part A above (you may use additional sources to support your discussion including your set text).

  Prepare a budgetary comparisons schedule for the city

Use the Excel file provided to prepare a budgetary comparisons schedule for the City of Grafton for the fiscal year ended June 30, 2012.

  Million cash and a hotel

A owns all of the stock of X, with a basis of $1 million. X owns $1 million cash and a hotel. X has $1 million of E&P. B wants to buy the stock of X for $5M after X has distributed the cash,

  Calculation of arr for treasury billsrefer to the following

calculation of arr for treasury bills.refer to the following tableyeart-bill

  Income tax expense has not yet been determined

Duke Company’s records show the following account balances at December 31, 2016: Sales $ 15,600,000 Cost of goods sold 9,300,000 General and administrative expenses 1,030,000 Selling expenses 530,000 Interest expense 730,000 Income tax expense has no..

  Compute the balance in the cash account

Reconcile the bank account. Give the journal entries that should be made as a result of the bank reconciliation. Compute the balance in the Cash account after the reconciliation entries.

  Calculate what the companys over-all break-even point

Calculate what the company's over-all break-even point in total sales dollars and calculate the break-even point in units for each product

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