Which of the following is not one of the characteristics of a contract for purposes of revenue recognition?

Which of the following information should be included at the beginning of a research report?

a. A brief explanation about the research design b. A clear, concise statement of the research objectives c. A detailed discussion on the methodology employed d. A short discussion on the major findings in the research

For June, Gold Corp. estimated sales revenue at $600,000. It pays sales commissions that are 4% of sales. The sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. How much are budgeted selling expenses for the month of July if sales are expected to be $540,000?

a) $327,000 b) $27,000 c) $42,000 d) $330,000