Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000Using the high-low method of analysis, what are the company's estimated total fixed selling and administrative expenses per year? (Round your intermediate calculations to 2 decimal places.)
A. $60,000
B. $150,000
C. $174,000
D. $162,000
Answer: D
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Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is ________.
Saniya Corp. is preparing their budget for the second quarter and provides the following data:
A) $23,600
B) $14,400
C) $13,800
D) $9200
Which path-goal leadership style is most appropriate when subordinates do not want authoritarian leadership, have an internal locus of control, and have high ability?
a. directive b. achievement-oriented c. participative d. supportive
Any management action that reduces employment opportunities upon restructuring is known as ____________________
Fill in the blank(s) with correct word
Describe Lewin’s stage of unfreezing.
What will be an ideal response?