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.

Explain the implications of intoxication, mental incapacity, and bankruptcy on one's capacity to contract.

Assess the role of public policy and interest in determining the legality of agreements.

Analyze contractual issues pertaining to employment, including restrictive covenants.

Explore the consequences of fraud and misrepresentation in contractual agreements.

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Definitions:

Correct Group

An assembly of individuals or items that have been accurately identified or classified based on certain criteria.

Probabilistic Generalization

A general statement or rule derived from data, characterized by the fact that it is likely but not certain to be true, due to its basis in probability.

Logical Strength

The extent to which the premises of an argument support its conclusion, determining the argument's cogency or persuasiveness.

Counterexamples

Instances or cases that contradict a proposed general rule or law, proving it to be incorrect or too simplistic.