A work at home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your franchise fee is $600. How much would your customers have to buy to cover the cost of this fee?
Q: Sandhill Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of…
A: The net income is calculated as excess of service revenue over costs incurred.
Q: Schrute Farm Sales buys portable generators for $460 and sells them for $750. He pays a sales…
A:
Q: Mohan, an artist, wants to know how many caricatures he must sell to realize a yearly profit…
A: Revenue: It is the income generated by a company by providing goods and services to customers. The…
Q: You own and manage a yard care business in which you charge $50 per visit to care for each yard…
A: Break-even point is the point wherein revenues equals expenses or contribution equals fixed costs.…
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: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $7 a piece. Homer…
A: Working note:
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: Currently I am paying $60.00 a month for my service. I would like to upgrade to the $80.00 service…
A: The cost of the current plan is $60. The cost of the upgraded plan is $80.
Q: A company hires an employee with a family of 3 for a salary of $160,000 over 3 other candidates. If…
A: Recruiting costs are the costs that are incurred by the company in hiring and training new…
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: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A:
Q: Curt Rugs is holding a 2-week carpet sale at Jean's Club, a local warehouse store. Curt Rugs plans…
A: The answer to the given problem is as follows
Q: What is the price including VAT that Mr. Yousuf has to pay to buy the Product? What is input tax and…
A: “Hey, since there are multiple requirements posted, we will answer first three requirements. If you…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $400 plus a…
A: As the questions asked have more than 1 question, the first question is answered. If you want the…
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: Galante Company provides free driver and a housemaid to its general manager, Alfredo Lobo. The…
A: This question deals with the fringe benefit tax in Philippines. In Philippines, fringe benefit…
Q: 9. Mohammed AI Harthi owns the Barber Shop. He employs five barbers and pays each a base rate of…
A: Selling price is a price set by the supplier at which he is ready to sell his goods. The cost that…
Q: Vin Diesel owns the Ayayai Barber Shop. He employs 6 barbers and pays each a base rate of $1,330 per…
A: We have the following information: 6 employees and salary of each barber: $1,330 per month…
Q: 2. Rona works for a company that pays him a basic monthly salary of 120 000 plus 6.5% commission on…
A: Lets understand the basics. For calculating gross pay, we need to use below formula. Gross pay =…
Q: If you where an owner of a regular restaurant earning around 6,000 pesos a day net income and you…
A: Owner of regular restaurant earning daily net income = 6000 pesos Number of employees in restaurant…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a…
A: The high low method is used to find the fixed cost and variable cost from the mixed cost.
Q: to the original data. If the store manager were paid $5.30 per unit sold in addition to her current…
A: The details of fixed and variable cost for Aviator Station Inc. is given in the question. Firstly…
Q: Mary pays 503 for a booth rental and 322 salary for a worker during an event to sell novelty items…
A: Break even point refers to the level of revenue at which the firm earns no profits or incurs no…
Q: Shurgurado Lhines is a dealer of cleaning materials. If it pays PhP1,875 for the vacuum cleaner and…
A: "Hello! Since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus a charge…
A: SOLUTION- HIGH -LOW METHOD- IT IS A WAY OF ATTEMPTING TO SEPARATE OUT FIXED COST AND VARIABLE COST…
Q: To test and assess what you have learned from this module, let us now compute the following. 1.…
A: The gross earning of salesperson includes the fixed pay and sales commission as a percentage of…
Q: A consumer purchases a flat iron to straighten her hair for $150 from a salon at which she gets her…
A: The difference between the selling and cost price of the goods and services is term as the markup.
Q: A company makes and sells ornamental vases. To make the vases there is a fixed monthly cost of…
A: The Basic Sales Equation is Sales = Variable Cost + Fixed Cost + Profit
Q: Leo Consulting enters into a contract with Highgate University to restructure Highgate’s processes…
A: The transaction price that Leo will estimate for this contract is $30,000.
Q: Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.
A: Operating income refers to the income or gross profit generated by the company from its operations…
Q: Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from a local…
A: Break even point means where there is no profit no loss. Variable cost means the cost which vary…
Q: Portable Power Inc. buys portable generators for $470 and sells them for $750. They pay a sales…
A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…
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: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Mr. Assad a Wholesaler buys a product from the Al Mazoon manufacturing company at RO 700 and pays…
A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three sub parts are…
Q: Marquette has an opportunity to sell its product through an online retailer. To begin selling…
A: In simple words, accounting of a cost is called cost accounting. Cost accounting is a total of all…
Q: Martis receives ₱35.00 for each unit of a product he sells. How much will his commission be if he…
A: The commission is the amount that is paid based on some standards such as sales amount, sales unit.…
Q: It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece.…
A: Total contribution margin = Sales - variable costs
Q: Identify whether each of the following events in this scenario occurs in the factor market or the…
A: Given in the question: Frances earns $825 per week because Frances is working as a programmer for PC…
Q: The business manager of an RSO has a choice of purchasing T-shirts for 500 students from two…
A: Cost: the term cost refers to any expense which is incurred to manufacture a product or provide a…
Q: 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5%…
A: The gross earnings of the employees represent the total income before accounting for any deductions…
Q: Recruitment Costs Interview Costs Job Posting fee 1st year fee Real Estate Fee Shipping fee Family…
A: Recruiting costs are the costs that are incurred by the company in hiring and training new…
Q: Rent = $1,100 Utilities = $265 Material and assembly = $12.65/unit Monthly labor = $625 If…
A: Contribution = Selling Price - Variable Cost
Q: A motorcycle shop pays its wholesaler Php 4,500 for a certain helmet, and then sells it to a…
A: Calculate the mark-up rate by dividing the difference of selling price and unit cost by the unit…
Q: You are offered two different sales jobs. The first company offers a straight commission of 4% of…
A: Here we should find indifferent point. That is sales at which commission offered from both…
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: 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…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month plus a charge for each mile driven. Able Transport drove the bus 7,000 miles and paid a total of $1,360 in June. In October. Able Transport paid $1,280 for the 5,000 miles driven. If Able Transport uses the high-low method to analyze costs, how much would Able Transport pay in December, if they drove 6,000 miles?Kevin's weekly pay is $500, plus a 2% commission on the total value of his weekly sales. This week Kevin needs to earn at least $1200. In order to reach his goal, what do Kevin's sales need to be?Sharon is a manufacturer's representative selling office furniture directly to businesses. She receives a monthly salary of $2000 plus a 2.2% commission on sales exceeding her quota of $150,000 per month. a. What are her earnings for a month in which she has $227,000 in sales? (Round your answer to the nearest cent.) Earnings = b. If her average monthly sales are $235,000, what straight commission rate would generate the same average monthly earnings as her current basis of remuneration? (Round your answer to four decimal places.) Commission rate =
- If you where an owner of a regular restaurant earning around 6,000 pesos a day net income and you have 5 regular employee how much would be the reasonable salary per day be given to the employees?Currently I am paying $60.00 a month for my service. I would like to upgrade to the $80.00 service package because my new employee offers a 20% discount with your company. What would be the cost difference compared to what I am paying now if I upgraded? With your discount you would only pay ____ a month more for the upgrade plan.Felix Gallegos owns a plumbing repair business. The prevailing billing rate for plumbing repairs is $40 per hour. If Felix charges customers the prevailing rate, what hourly rate (to the nearest penny) can Felix pay his employees to do plumbing repairs if Felix wants to maintain a 75% markup on employees’ hourly pay?
- A travel agent offers two package vacation plans. The first plan costs $360 and includes 3 days at a hotel and a rental car for 2 days. The second plan costs $500 and includes 4 days at a hotel and a rental car for 3 days. The daily charge for the hotel is the same under each plan, as is the daily charge forthe car. Find the cost per day for the hotel and for the car.ABC operates a consignment shop where she sells clothes for women and children. The average number of consignments sold per month is 1,000. The average material cost and the selling price of each consignment are $8 and $20, respectively. The monthly fixed costs to run this business are given below: Rental cost: $750Utilities: $150Advertising: $35Insurance: $100Labor cost: $4,000 Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.An inusrcane company pays its agents 40% prrcent commisison om the first years premium and 5% in the second year. If the premiums are 500 bucks a year what is the total commission that will be paid during th two years (this is also for a test i have tomorrow so this is study practice)
- Olga was planning to set up a business where she would purchase paintings for $1,050 per unit and sell them for $1,800 per unit. She wanted to conduct a break-even analysis and identified the following costs for running her business: $4,470.00 per month for store leasing, $54 per month website hosting fee, $5,150 per month for staff salary, $2,040 per month for advertising costs, and $25 per unit for labour charges to pack the paintings. a. How many paintings would she have to sell per month to break-even? Round up to the next whole number b. If she wants to make a profit of $24,000 in a month, how many paintings would she have to sell? Round up to the next whole numberSergio has a chance to work at one of two firms. Scantor will give him a salary of 700 a month, a commission of 3% on total monthly sales, and a 3% more on monthly sales over 70,000. Fletcher offers him a commisiion of 2.5% on the first 45,000 of monthly sales, 4%, on the next 20,000 of monthly sales and 7% on all montlhy sales over 65,000. If Sergio could average 90,000 in sales a month at either job, at which job could he earn more per month, and how much more?David is paid a monthly salary of 12,000 and earn a commission of 4% in sale. If he sold the total amount of 80,000 during the month how much is the gross pay