Shep Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2019, the following data are developed: 1.Sales: 20,000 units; unit selling price: $30
2.Variable costs per dollar of sales:
Sales commissions: 6%
Delivery expense: 2%
Advertising: 4%
3. Fixed costs per quarter:
Sales salaries $24,000
Office salaries 19,000
Depreciation 6,000
Insurance 2,000
Utilities 1,000
Prepare a selling and administrative expense budget for the first quarter of 2019.

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?