4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for each the following commission arrangement: (each arrangement is independent with each other) a) She receives 20% commission on all of her sales. For the month of May, her total sales is P 16,000. b) Assuming she is a sales supervisor, she receives a 15% commission on her sales plus 5% on the 5 representatives' total sales. For the month of May, her sales amounted to P50,000 and the 5 representatives sold P160,000. c) She receives 10% commission for her first P20,000 worth of sales and 20%% of sales in excess of P20,000. During the month of May, her sales amounted to P60,000. d) She receives a monthly salary of P9,700 plus 8% commission on her monthly sales. For the month of May, her total sales amounted to P48,000.
4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for each the following commission arrangement: (each arrangement is independent with each other) a) She receives 20% commission on all of her sales. For the month of May, her total sales is P 16,000. b) Assuming she is a sales supervisor, she receives a 15% commission on her sales plus 5% on the 5 representatives' total sales. For the month of May, her sales amounted to P50,000 and the 5 representatives sold P160,000. c) She receives 10% commission for her first P20,000 worth of sales and 20%% of sales in excess of P20,000. During the month of May, her sales amounted to P60,000. d) She receives a monthly salary of P9,700 plus 8% commission on her monthly sales. For the month of May, her total sales amounted to P48,000.
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1E
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub