The product design group of iyengar electric supplies, inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies. The market forecast is for

Last week, linda's commission check was $84. if she earns a 12.5% commission on sales, what were her total sales?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.