Zhang Industries Sells a Product for $700

question 41

Multiple Choice

Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.
-Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales. Compute the projected selling expense to be reported on the selling expense budget for the manager for month ended June 30.

• A) $8,652.
• B) $5,768.
• C) $11,652.
• D) $8,600.
• E) $8,768.

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of this relationship but not causation.

Variables

Characteristics of objects, people, or groups of people that can be measured.

Spurious Correlations

A relationship between two variables that appears causal or related but is actually due to the presence of one or more lurking variables or random chance.

Canadian Census

The systematic enumeration of the population in Canada, conducted by the government to collect demographic information.