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

question 100

Multiple Choice

The following details have been extracted from the budget of a merchandising company.


Commissions and salaries expenses are paid 50% in the month to which they are incurred 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)$33,950
• B)$54,150
• C)$88,100
• D)$30,100

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Definitions:

Material Realm

The material realm refers to the physical world and everything in it, including nature, objects, and human-made items, as opposed to the conceptual or virtual spheres.

Collective Representations

Shared beliefs, values, and meanings that are created by and exist independently of individual members of a society.

Rituals

Prescribed sequences of activities or ceremonies, often with symbolic meanings, that are practiced by a community or religious group.

Language

A system of communication using symbols, sounds, or gestures that are used by members of a community to interact and convey ideas.