4. Andrew Sanders sells sports equipment and is paid a commission of 5.55% on regular price items and 4.5% on sale price items. What is the total commission for a week when he sells $8,880 worth of regular price sportswear and $10,648 of sale price sports equipment?
Q: 4. Paolo is a sales manager receiving a monthly salary of Php 240 000.00, a commission of 7% on his…
A: Paolo is a sales manager receiving a monthly salary of php 240,000 Commission is 7% Transportation…
Q: Joy is paid a straight commission of 10% on his total amount of sales. If her total sales for the…
A: Commission = 10% x total amount of sales
Q: During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00,…
A: The question is based on calculation of selling price with discounting charges.
Q: 4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first $6000 in sales…
A: Commission % of first 6000 of sales = 8% Commission % of sales over 6000 = 12% Sales = 14,680 Sales…
Q: 4) The first week, the store sold 12 pairs for $1 60 each in cash sales. 5) On the 10th, a sale of…
A: The given Question pertains to account for the transaction in journal entries under a perpetual…
Q: Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales during…
A: The total commission earned can be calculated as per the given structure. He will earn a commission…
Q: 7. Miguel Valdez sells appliances. He is paid an 8% commission on the first $5,000 worth of sales,…
A: 8% Commission on Sales of first 5000 10% of Commission on next 5500 15% Commission on sales over…
Q: Miguel Valdez sells appliances. He is paid an 8% commission on the first $5,000 worth of sales, 10%…
A: Mr. M would earn commission based on the given structure. First $5,000 worth of sales would earn…
Q: Maricel Santos sells products from a direct selling company. She receives 10% commission for her…
A: Sales commission: It refers to the sales incentive paid to the salesperson on top of his base pay,…
Q: Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold…
A: Gross pay = Base salary + Commission on sale
Q: Jose receives a commission of 2.4% on his monthly sales up to $3,100. The rate then increases to…
A: Lets understand the basics. For calculating commission on sales, we need to use below formula.…
Q: A manufacturer of vertical blinds purchases raw materials for $17.00 per set of blinds and has a…
A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…
Q: alesman has a basic salary and in addition,receives a commission which is a fixed percentage of his…
A: The total salary consists of two components one is basic salary and other is commission that depends…
Q: a. Calculate his total profit or loss made from the sale of the phones. Round to the nearest…
A: A trade discount is a discount given by the manufacturer to the seller. It deducts from the list…
Q: McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,921,000; 40% of…
A: d) The discount percentage is 3% The computation of number of days:
Q: Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the…
A: Commission to be paid by Challenge Furniture to Mary is based on sales made by her.
Q: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a…
A: As you have asked multiple questions, we will solve the first question as per policy. Request you to…
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,200.00 plus an…
A:
Q: esther has a small store. last month, she purchased merchandise costing p75,000.00, for which she…
A: The gross profit is calculated as excess of sales revenue over cost of goods sold.
Q: Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his…
A: Gross pay is the money that a person received without making any deductions.
Q: Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first…
A: Commission on first $1500 sales (x) = 5.14% Commission on sales above $1500 (y) = 10% $7500 sales…
Q: 5. Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first…
A: The sales commission can be calculated on the basis of commission structure. The first $1,500 worth…
Q: D) Ahmed, the retailer, purchased 300 units of a stationary item from the wholesaler, costing RO 6…
A: D. Purchase price for Ahmed = RO 6VAT = 20%NO OF UNITS PURCHASED = 300VAT PAID BY AHMED =purchase…
Q: UN PANLAQUI IS A SALESMAN RECEIVING A SALARY OF P12,500.00 MONTHLY WITH 5% COMMISSION ON ALL HIS…
A: Answer) Calculation of Gross Salary for 3 months June July August Total Fixed…
Q: Carissa receivesacommission of 2.1% on her monthly sales up to $4,800. The rate then increases to…
A: Commission is one form of revenue being earned on sales made by the business. This is calculated as…
Q: ABC Kitchen sells dishwashers and garbage disposals to customers. The company buys the dishwashers…
A: The profit from the sale of goods is realized when the goods reach their final delivery destination.…
Q: A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%.…
A: Price Charged to Customer = 730 RO VAT Rate = 8% Price charged to customer is inclusive of VAT/Sales…
Q: 5. A sales manager has 30 representatives. She receives a commission of 20% from her own sales and…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Richard is a sales representative receiving an annual salary of ₱120,000 plus commission on all his…
A: Gross earnings refer to the total amount earned by a person before any deduction for the taxes,…
Q: Mia Kaminsky sells shoes for Macy's. Macy's pays Mia $12 per hour plus a 5% commission on all sales.…
A: Gross Pay: It is the total of the fixed pay and the percentage of commission received on the sales…
Q: 6. Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales…
A: Total sale = $ 16120 Commission upto $ 6000 sale = 9% Commission on sale more than $ 6000 = 14%
Q: Renne Fumo sells sports equipment. She is paid a commission of 4 % of her first $1500 in sales…
A: Commision for first $1500 sales is 4.5% Commision on sales above $1500 sales is 9% Total sales for…
Q: sold. (a) What was the weighted mean price of an Antonelli suit? (b) Springers paid $200 a suit for…
A: Profit is the amount left after paying expenses from the revenue earned.
Q: Schrute Farm Sales buys portable generators for $460 and sells them for $740. He pays a sales…
A: Income StatementIncome Statement or profit & loss account is one of the financial statements of…
Q: s salary last month
A: Value of sales $11000 Amount of sales over $5000 = $11000 - $5000 (A) $6000 Rate of commission…
Q: ClipClop record in connection with the April sale? $7,680 $20,000 $0 because ClipClop does not know…
A: As per relevant standard if the entity believes that it is probable that a discount will be provided…
Q: 6. Fashion Master purchased men's sweaters for $72 less 40% and 15%. The normal rate of markup on…
A: Markup cost indicates the value added to cost price and the increased price gives the retail price.…
Q: 1.Jill is paid a yearly salary of $90,000. How does she make per month?
A: Salary is the payment form from the employer to the employees, which might be specified the contract…
Q: A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for…
A: Gross pay is defined as the aggregate earnings of the individual through out the period or year…
Q: A salesman gets P10,000 commission on a sale of a item. This amount raised his average commission by…
A: Average It is the sum of all values divided by the number of values. For example, there are three…
Q: Jay woks as a salesman for a software company. This month, his sales amount to 450,000 pesos. How…
A: Solution a: Sales commissions = P450,000 * 11% = P49,500
Q: Len-Len is a saleslady who has a monthly salary of ₱22,500. Her total sales for the month amount to…
A: Solution Gross income means The total amount of money you get before taxes and other deductions are…
Q: sales. He sold goods worth RO 15,000 in a month. What is his gross pay if he takes a draw of RO 500?…
A: Ans. In case a person takes a draw from his gross pay then from the amount which is due to him, the…
Q: Manuel Romo sell tires at the local shopping mall. Romo earns 20 percent commission on the first…
A: Commission is the amount given by the management on selling a particular product. Given: 20 percent…
Q: Melvin's sales last week of a new tile cleaner were RO 9,500. If he receives a commission rate of…
A: As mentioned in the question, Melvin receives 15% of all sales as the commission so,
Q: A salesman is paid a base salary of $120 plus a commission rate of 10% of total sales. Calculate…
A: Computation of total salesman compensation:
Q: Robin Hartman earns $554 per week plus 3% of sales over $6,500. Robin's week sales are $14,100. How…
A:
Q: Ted Axelrod sells appliances for McKenny Appliance Store. He is paid an 8% commission on the first…
A: his commission on sales = 8% of 1000 + 10% of 1500 + 15% of (3460 - 2500) his commission on sales =…
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- Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying costs are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. (a) What is the EOQ? (b) What will be the total inventory costs if the EOQ amount is ordered? (c) Suppose that Charlotte's supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgest should Charlotte order each time an order is placed to minimize total inventory costs?McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,921,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 70 days after their purchases. d. What is the percentage cost of trade credit to customers who do not take the discount and pay in 70 days?
- BM Motors, Inc. employs 40 sales personnel to market its line of luxury automobiles. Theaverage car sells for P1,200,000 and a 6% commission is paid to the salesperson. BM Motorsis considering a change to a commission arrangement that woul d pay each salesperson a salaryof P24,000 per month plus a commission of 2% of the sales made by that salesperson.The amount of total car sales at which BM Motors would be indifferent as to which plan to selectis A. P22,500,000 C. P24,000,000B. P30,0 00,000 D. P12,000,000Zonker Inc. purchases 500 units of an item at an invoicecost of $30,000. What is the cost per unit? If the goods areshipped f.o.b. shipping point and the freight bill was$1,500, what is the cost per unit if Zonker Inc. pays thefreight charges? If these items were bought on 2/10, n/30terms and the invoice and the freight bill were paid withinthe 10-day period, what would be the cost per unit?Zonker NV purchases 500 units of an item at an invoice cost of €30,000. What is the cost per unit? If the goods are shipped f.o.b. shipping point and the freight bill was €1,500, what is the cost per unit if Zonker pays the freight charges? If these items were bought on 2/10, n/30 terms and the invoice and the freight bill were paid within the 10-day period, what would be the cost per unit?
- Kurt's Krafts purchases hand woven rugs from a local artisan for $690 each. The rugs are marked up by 40% based on the selling price. The retail price of the rugs will be $1,150. True or FalseMary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? Level Sales volume Commission Rate 1 $0–11,700 3.1% 2 $11,700–21,200 4.1% 3 Over $21,200 4.7%Manuel Romo sell tires at the local shopping mall. Romo earns 20 percent commission on the first $500, 25 percent on the next $1,000 and 30 percent on sales over $1,500. Last weekend he sold $1,940 worth of tires. What is his total commission?
- David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the first $20,000, 6% on sales from 20,000 to 70,000, 8.5% commission on sales from $70,000 to 100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:ClipClop Company sells horseshoes to customers at a discount of 4% if the customer orders more than 10,000 horseshoes in a year. The price per shoe is $2. In April, Oats Company orders 4,000 horseshoes from ClipClop. Based on past experience with Oats Company, ClipClop expects Oats to meet the volume threshold of 10,000 horseshoes by the end of the year. What amount of revenue should ClipClop record in connection with the April sale? $7,680 $20,000 $0 because ClipClop does not know if Oats will meet the volume discount threshold $8,000ABC Limited sells its product at the rate of 30 per unit. During the quarter ending on 31st March, 2019, it produced and sold 16,000 units andsuffered a loss of 10 per unit. If the volume of sales is raised to 40,000 units; it can earn a profit of 8 per unit. calculate: Break Even Point in Profit if the sale volume is 50,000