3. Dabney Washington is palu u $7,500 or less and 5.5% on sales in excess 8l the week? or less and 3.0% on sales in excess of $75,000. One week Nate's Lesson Practice Use the following commission schedule to find the total graduated commission in Problems 5-8. 5% on First 8% on Next 10% on sales Total Sales Amount $5,000 $10,000 Over $15,000 Commission 5. $4,000 а. b. С. d. 6. 8,000 b. d. а. 7. 18,000 b. а. d. 8. 27,500 b. a. d. commission was was the total of his sales for week? Dabney's the of her for 4. Nate a of on of or

3. Dabney Washington is palu u $7,500 or less and 5.5% on sales in excess 8l the week? or less and 3.0% on sales in excess of $75,000. One week Nate's Lesson Practice Use the following commission schedule to find the total graduated commission in Problems 5-8. 5% on First 8% on Next 10% on sales Total Sales Amount $5,000 $10,000 Over $15,000 Commission 5. $4,000 а. b. С. d. 6. 8,000 b. d. а. 7. 18,000 b. а. d. 8. 27,500 b. a. d. commission was was the total of his sales for week? Dabney's the of her for 4. Nate a of on of or

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12EA: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the...

See similar textbooks

Similar questions

A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42
A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?
CASE 1 The following are the information obtained from AMC Company:July August SeptemberCash Sales P24,000 P32,000 P36,000Credit Sales 220,000 300,000 240,000Purchases 180,000 240,000 220,000Operating Expenses 30,000 36,000 32,000Interest Expense - 4,000 -Credit sales are collected 50% in the month of sale, 40% in the month following, 8% in the second monthfollowing, and 2% uncollectible. Credit sales for May and June are expected to be P200,000 and P180,000,respectively. Purchases of merchandise, all on account, are paid 60% in the month of purchase and 40% in themonth following. Purchases for June are estimated at P160,000. Expenses include depreciation of P4,000monthly and are paid in the month incurred. The cash balance on June 30, 201A is P54,000.Required: Prepare a cash budget by month for the quarter ending September 30, 201A. Support your solutionwith schedules of cash receipts and cash payments CASE 2 Sanchez Company, a wholesaler, budgeted the following sales for the…
For February, sales revenue is P700,000; sales commissions are 5% of sales; the sales manager's salary is P96,000; advertising expenses are P80,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are P2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of February are: * A. P230,600 B. P185,650 C. P189,500 D. P196,100
32. If Adel allows a 2 percent cash discount if collected in the month of sale, it isexpected that 60 percent will be collected in the month of sale and the balance in the month following. How much will be collected from customers in December under the newpercentages?a. P17,500b. P18,500c. P16,290d. P20,000
Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance pad the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $35,000, $37,000, and $39,000, respectively.
7. The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,200.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume CommissionRate 1 9,100–17,600 5.1% 2 Over 17,600 6% A.$2,583.60 B.$2,683.60 C.$2,783.60 D.$2,883.60