The Following Details Have Been Extracted from the Budget of a Merchandiser

question 5

Multiple Choice

The following details have been extracted from the budget of a merchandiser. Commission and salaries expenses are paid 50% in the month to which they relate and the balance in the next month. Rent and miscellaneous expenses are paid as and when they occur. Insurance is prepaid at the beginning of the quarter. Calculate cash payments for the selling and administrative expenses for the first quarter of the next year.

• A)$70,400
• B)$50,500
• C)$75,000
• D)$62,750

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The Southern Poverty Law Center, an American nonprofit legal advocacy organization specializing in civil rights and public interest litigation.

Credibility Of Claims

The degree to which a statement is trustworthy or believable, often assessed through evidence and logical reasoning.

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The process of assessing or examining something systematically to determine its value or significance.

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The ability to actively and skillfully conceptualize, apply, analyze, synthesize, and evaluate information to reach an answer or conclusion.