As a sales person for Fresh Flowers, Carlos is paid an incremental commission based on the table below. If he sells $18,900.00, what is his total gross pay? Commission Level Sales Volume Rate 1-5,700 6.5% 5,701-9,900 7.1% 3 Over 9,901 7.8% O $1,327.80 $1,370.70 O $1,732.50 O $1,775.40

As a sales person for Fresh Flowers, Carlos is paid an incremental commission based on the table below. If he sells $18,900.00, what is his total gross pay? Commission Level Sales Volume Rate 1-5,700 6.5% 5,701-9,900 7.1% 3 Over 9,901 7.8% O $1,327.80 $1,370.70 O $1,732.50 O $1,775.40

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 1BCRQ

See similar textbooks

Related questions

Q: A car salesperson had $85,460 in total monthly sales in September and $74,570 in October. The…

A: Salesperson is the person who makes the sale of a product. It is the person who is hired by the…

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: Bente Company, which pays a 10% commission to its salespeople, reported sales revenues of P210,000…

A: Variable cost: Variable cost is the cost that will change according to the sales. If the sales…

Q: A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next…

A: sales calculated as follows 8%on first 1000 12% next 2000 20% on sales above 3000 salespersons…

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: The retailer price of a refrigiretor is £807. If the manufacturer gains 11%, the wholesale dealer…

A: let cost of product = C manufacturer's gain = 11% selling price of manufacturer = C x 1.11…

Q: What is the total gross pay for a salesperson on a straight commission of 4.7% if his or her sales…

A: Total gross pay is the net earning of the salesperson who is involved in increasing the sales volume…

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…

Q: 4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for…

A: In the context of the given question, we are required to compute the sales commission of Christine.…

Q: Stork Enterprises delivers care packages for special occasions. They charge $50 for a small package,…

A: The sales tax is a type of indirect tax. The seller…

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: Joel, a florist, buys and sells flowers at his store. He purchases roses at $3.00 each, h operating…

Q: Calculate the gross earning for an apple picker based on the following differential pay scale:…

A: The gross earning depends on the apples picked and the varying pay scales. The first 1000 apples…

Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,200.00 plus an…

Q: Zonker Inc. purchases 500 units of an item at an invoicecost of $30,000. What is the cost per unit?…

Q: Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package,…

A: Dear student, as per Bartleby answering guidelines we can answer only three sub-parts if a question…

Q: 4. Andrew Sanders sells sports equipment and is paid a commission of 5.55% on regular price items…

A: Given information : Commission on regular price items 5.55% Commission on sales price items…

Q: A shopkeeper buys an article from the wholesaler at RO 72 and pays sales tax at the rate of 10%. The…

A: A value-added tax (VAT) is a consumption tax levied on a commodity whenever it adds value at any…

Q: 4. Suppose the company pays the store manager an inčéhtive shirt separate from that of the…

A: The net income is calculated as difference between revenues earned and expenses incurred during the…

Q: Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of…

A: Cost of product = $75.00 per case Total cost = $75 x 1000 = $75,000 Trade discount = $5 x 1000 =…

Q: Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000…

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: Zonker NV purchases 500 units of an item at an invoice cost of €30,000. What is the cost per unit?…

A: Situation 1: Cost per unit = Invoice cost / Number of units purchased = $30,000 / 500 units = $60…

Q: Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5%…

A: Sales Commission- It is a part of sale which is paid to the seller or agent who sells goods up to…

Q: Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5%…

A: The sales commission is an additional compensation over their salary, the employees receive for…

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: 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: Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package,…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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: 1. How much commission will you earn if your sales amounted to P140 950 and you receive a fixed…

A: Commission is the earnings of the sales executive to generate sales. It keeps them motivated for…

Q: Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5%…

A: Commission is the term which is defined as the payment that is made to the employees grounded on the…

Q: 4. Foster Supplies is considering a contract to sell merchandise to a hair salon chain for $49,000.…

A: Gross profit means the difference between the sale revenue and cost of goods sold where as operating…

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: Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package,…

A: Sale tax is the tax levied on sale of goods. Sale tax paid on purchases can be booked as receivable…

Q: 5. Teresita receives a 6% commission on her sales. She supervises 12 sales representatives and…

A: Commission on sales is the income received by the agents for sales made on behalf of their…

Q: Calculate the gross earning for an apple picker based on the following differential pay scale

A: Calculation of gross earning is as follows

Q: Computers and More offers discounts to its customers and allows the customer to return the product…

A: Net Sale=Sale-Sale return=$850,000-$15,000=$835,000

Q: Omega Company has the following two customers: Woodruff Ensley Sales $900,000 $800,000 Cost of…

A: Formula: Gross profit = Sales - Cost of goods sold

Q: ABC Co. is selling its products to customers A, B and C. The following information is given for the…

A: Profitability statement shows the actual amount of profit or loss after subtracting all the costs…

Q: Majan Business Solutions Company pays its employees on the below graduated commission scale: Sales…

A: The company provides the salary to its employees on a commission basis also. Mostly the sales…

Q: a. A retailer buys flowers at ₱1,400 per bouquet. She sells them for ₱2,000 per bouquet. How much is…

A: When the manufacturer sells products to the consumers, he adds a Markup to the cost price and then…

Q: A man buys an article whose listed price is RO 380 from a shopkeeper and pays a sales tax at the…

A: The list price represents the amount charged from the buyer inclusive of specified tax rates.

Q: The Verizon publishing company pays its sales people a weekly salary plus a 2% commission on all net…

A: Given that: Regular wages = $250 Gross Sales = $13125 Returns = $125

Q: 1. Aling Ana would like to sell little trinkets she purchased from Divisoria fo PhP12 each. If the…

A: The answer is stated below: Note: Answering the first question as there are multiple…

Q: Calculate the gross earning for an apple picker based on the following differential pay scale:…

A: Differential Pay: It is the difference in the wages paid to people with similar skill set within a…

Q: Stork Enterprises delivers care packages for special occasions. They charge $35 for a small package,…

A: Stork Enterprises delivers care packages for special occasions. They charge $35 for a small package,…

Q: This table shows the amount of commission earned for a broker receiving 3% commission on sales. How…

A: commission rate = 3%

Q: How much more does a straight commission employee make than the graduated commission employee for…

A: The commission is a payment received in return for the sales quantity achieved. Straight Commission…

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 =…

Question

100%

As a sales person for Fresh Flowers, Carlos is paid an incremental commission based on the table below. If he sells
$18,900.00, what is his total gross pay?
Commission
Level
Sales Volume
Rate
1
1-5,700
6.5%
5,701-9,900
7.1%
Over 9,901
7.8%
$1,327.80
$1,370.70
$1,732.50
$1,775.40

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Federal Insurance Contributions Act (FICA)

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package, and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38 small packages and 22 large packages. A. What is the total tax charged to the customer per small package? What is the overall charge per small package? B. What is the total tax charged to the customer per large package? What is the overall charge per large package? C. How much sales tax liability does Stork Enterprises have for the month of May? D. What accounts are used to recognize this tax situation for the month of May? E. When Stork remits payment to the sales tax governing body, what happens to the sales tax liability?
Paula has sales that qualify to be reported on the installment basis. In year 2, installment sales were 40,000 with a cost of 30,000. In year 3, installment sales were 50,000 with a cost of 25,000. Collections in year 2 were in the amount of 30,000. Collections in year 3 were 10,000 on the year 2 sales and 30,000 on the year 3 sales. How much deferred gross profit exists as of the end of year 2? a. 2,500 b. 5,000 c. 7,500 d. 10,000
Mary 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%
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?
Ian’s gross monthly salary is $9,696 on net sales totalling $92,746. If her base salary is $1,550 per month, what is her percent rate of commission on sales exceeding her quota of $21,000?
Crystal’s gross monthly salary is $9,797 on net sales totalling $114,641. If her base salary is $1,250 per month, what is her percent rate of commission on sales exceeding her quota of $28,000?
Wendy Epstein, a sales representative, earns an annual salary of $32,700 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 9.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 11.0%. Her total sales for the past year were $290,000. Compute the following amounts: a. The regular annual salary $ b. The commission $ c. The total annual earnings $
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:
A salesman has a basic salary and in addition,receives a commission which is a fixed percentage of his sales volume. When his weekly sales are Br.1000,his total salary is br.400.When his weekly sales are 500.00,his total salary is br.300.Determine his basic salary and his commission percentage and express the relationship between sales and salary in equation form
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 =
Richard is a sales representative receiving an annual salary of ₱120,000 plus commission on all his sales above the quota of ₱25, 000 in accordance with the following schedule: First ₱30,000 above quota - 12% Next ₱50,000 - 1% Next ₱70, 000 - 2% Over ₱150, 000 - 3% Compute his gross earnings and his sales for the month: a.) ₱37,900 b.) ₱58,200 c.) ₱92, 300
What is the total gross pay for a salesperson on a straight commission of 4.7% if his or her sales volume is P123, 200?