Ask Question
BusinessBusiness
12 April, 15:57

In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the previous year in the third quarter. AdCreate paid the media$450,000 for Anchor Motors ads during the same period. Based on this information, which of thefollowing is true for the third quarter billings? 1. AdCreate billed Anchor Motors $502,941 for the third quarter in 2010. 2. AdCreate's income from the Anchor Motors account for the third quarter of 2010 was$79,4123. AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

+1
Answers (1)
  1. 12 April, 18:05
    0
    AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

    Explanation:

    The advertizing company usually takes a 15% commision

    Which means from the total amount billed to customer 15% ar commision which means:

    money paid to media + 15% comission of the billed amount = total amount billed

    450,000 + 0.15X = X

    Now, we try to solve for X and get the amount billed to anchor motors.

    X = 450,000/.85 = 529.411,76
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the previous ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What should you do if you get to know that your boss is about to be terminated
Answers (1)
Stock Y has a beta of 1.2 and an expected return of 11.1 percent. Stock Z has a beta of. 80 and an expected return of 7.85 percent. If the risk-free rate is 2.4 percent and the market risk premium is 7.
Answers (1)
Over 80% of the people living in the Apac District in Uganda are farmers. However, profits are minimal due to the high costs of farming with poor tools and manual labor. Apac would benefit from a stimulation of which type of resource?
Answers (1)
What are the benefits of knowing more about various aspects of financial management? what can you do to increase your knowledge?
Answers (1)
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 229,000 units in the second quarter and 266,500 units in the third quarter.
Answers (1)
New Questions in Business
What is a disadvantage of government bonds? a) they have a high intrest rate b) They are difficult to find c) They are relatively risk-free d) all of the above
Answers (1)
The Sedgwick Company estimates sales of a new product at 5,000 units and $3.00 per unit. Management feels the sales quantity is accurate within a 10 percent plus-or-minus range while the sales price is accurate within a 5 percent plus-or-minus range.
Answers (1)
The actual cost of direct labor per hour is $ 11.00 and the standard cost of direct labor per hour is $ 9.50. The direct labor hours allowed per finished unit is 0.25 hour.
Answers (1)
A large oil company is studying the number of gallons of gasoline purchased per customer at self-service pumps. The mean number of gallons is 10.0, with a standard deviation of 3.0 gallons. The median is 10.75 gallons.
Answers (1)
Eighty percent of your business comes from 20% of your Question 7 options: effort. personal referrals. years in business. customers.
Answers (2)
Home » Business » In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the previous year in the third quarter. AdCreate paid the media$450,000 for Anchor Motors ads during the same period.
Sign Up Forgot Password?