Examlex
Below is budgeted production and sales information for Flushing Company for the month of December. The unit selling price for product XXX is $5 and for product ZZZ is $15.
-For March, sales revenue is $1,000,000, sales commissions are 5% of sales, the sales manager's salary is $80,000, advertising expenses are $65,000, shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,100 plus 1% of sales. Total selling expenses for the month of March are
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
Depression
A severe and prolonged downturn in economic activity, marked by significant declines in income, employment, and production, often more severe than a recession.
Gross Investment
The total amount spent on purchasing or constructing new capital goods over a specific time period, without accounting for depreciation.
Net Investment
Net investment refers to the total amount spent on purchasing new capital minus the depreciation on existing capital, indicating the growth of a company or economy's productive capacity.
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