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
You are trying to choose between two stocks, Widget and Gadget. Widget has a current stock price of $30 and earnings per share of $2.00. Gadget has a current stock price of $20 and earnings per share of $1.00.
Answers (1)
The cutoff time for the fastest 5% of athletes in the men's group, i. e. those who took the shortest 5% of time to finish.
Answers (1)
1. Oxygen, Inc. reports the following information: Units produced 2,500 units Units sold 2,000 units Sales price $200 per unit Direct materials $40 per unit Direct labor $25 per unit Variable manufacturing overhead $20 per unit Fixed manufacturing
Answers (1)
The following data on capital stock (plant, equipment, housing and inventory) are available for the Republic of Capika for the year of 2009. Stock of capital on January 1, 2009: $12 comma 000 billion.
Answers (1)
Microtech plans to sell 2,000 computers in April; 1,900 in May; and 2,000 in June. The company keeps 15% of the next month's sales as ending inventory. How many units should Microtech produce in May? 1,885. 1,915.
Answers (1)
New Questions in Business
What is a car loan? a way to pay in advance for using a car for a given time period a way to pay for a car that is dependent on the number of miles you drive a way to borrow money from a bank or financial institution to pay for a car?
Answers (1)
Horton Industries' shareholders' equity included 140 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,120 million.
Answers (1)
Why do price discrimination and the existence of slightly different variants of the same product tend to go hand in hand? By introducing slightly different variants of the product, firms that price discriminate are able to
Answers (1)
On April 1, 2017, Planet Services received $8,000 in advance of performing the services from a customer for three months of service long dash - April, May and June.
Answers (1)
The founder and former ceo fo jones soda peter van stock claime that sharing the core values of your loyal customer base is just good for buisness. if you wanted to integrate this business philosophy into your own company you would study
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?