A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 2,400; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expenses per unit sold amount to approximately $0.15, paid in cash in month of sale. Fixed marketing expenses per month amount to $6,000 of salaries, $2,500 of depreciation (delivery trucks), and $1,200 of insurance (paid monthly).a. What is the total budgeted marketing expense for the fourth quarter of the year?b. What is the estimated cash payment for marketing expenses for the fourth quarter?
Answers: 3
Business, 22.06.2019 12:50
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
Business, 22.06.2019 17:40
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
Business, 22.06.2019 20:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 1
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
A company is formulating its marketing expense budget for the last quarter of the year. Sales in uni...
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