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9 June, 13:34

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

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  1. 9 June, 13:47
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    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
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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.
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