Business, 24.06.2021 22:30 shan8793

The following budget information is available for the XYZ Company for the first quarter of 2011: Sales ($16 per unit) $320,000
Freight out $.25 per unit sold
Depreciation on Administrative Equipment $10,000
Sales & Admin. Salaries $40,000 +2% of sales
Advertising $12,000
Depreciation on Manufacturing Equipment $15,000
Lease on Sales Building $45,000
Miscellaneous Selling Expenses $5,000
All operating expenses are paid in cash in the month incurred.
If XYZ expects to sell 20,000 inventory units in the first quarter, what would be the amount of the total budgeted selling and administrative expenses for the first quarter of 2011?
a. $123,400
b. $138,400
c. $113,400
d. $293,400

Answers: 3

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Answer from: j015

The correct answer of Option A (123400).

The correct answer of Option B (113400).

Explanation:

Budgeted Selling Expenses = Fixed Sales and Administration Salaries +

Variable Sales and Administration Expenses

+ Advertising + Miscellaneous Selling

Expenses + Lease on Sales Building +

Frieght Out + Depreciation on Administrative

Equipment

= 40000 + 2%*20000*16 + 12000 + 5000 +

45000 + 20000*.25 + 10000 = 123400

Option A (123400) is the correct answer.

Part B:

Expected Cash Outflow = Fixed Sales and Administration Salaries +

Variable Sales and Administration Expenses +

Advertising + Miscellaneous Selling Expenses +

Lease on Sales Building + Frieght Out

= 40000 + 2%*20000*16 + 12000 + 5000 +

45000 + 20000*.25 = 113400

Option B (113400) is the correct answer.

Answer from: Quest

i tried to find the answe for you im sorry.

Answer from: Quest

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.

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