Ask Question
BusinessBusiness
13 February, 21:45

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

+5
Answers (1)
  1. 13 February, 23:40
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Select all that apply. Which of the following describe the purpose of money? store of value hard to transport not durable unit of account medium of exchange
Answers (1)
Moreno Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2019, Moreno sells 15,000 subscriptions beginning with the December issue.
Answers (1)
What is the job of a US Governor and a Canadian premier?
Answers (1)
Security Amount (in Billions) Treasury Bills $220 Corporate Bonds 140 Treasury Notes 80 Corporate Stock 200 US Savings Bonds 60 Treasury Bonds 100 Other things equal, an increase of Treasury bonds from $100 billion to $120 billion in the economy
Answers (1)
In the past 20 years, which type of performance enhancement has received the most attention? question 7 options:
Answers (1)
New Questions in Business
Q 1.1: managerial accounting reports could not be described as
Answers (1)
Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day.
Answers (1)
If your seller cost is $8.00 and the price ceiling is $7.00, you will:
Answers (1)
What is the united states total largest export to canada?
Answers (1)
If adult workers and teenagers are complements, the elimination of the minimum wage for teenage workers would cause the demand for adult workers to:
Answers (1)
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?