Booker Bond demonstrates cookware at the National Food Fair. He is paid $6.00 each for the first 10 demonstrations in one day and $7.50 for each demonstration over 10. What is Bond's commission for a day in which he makes 21 demonstrations?
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: 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: Annie RussellI, a student at Tech, plans to open a hot dog stand inside Tech's football stadium…
A: Expenses can be classified into fixed expenses and variable expenses based on their relation with…
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: Maria Cenventas demonstrates microwave ovens at the National Home Show. She is paid $7 each for the…
A: Maria's commission for a day is she makes 10 demos = 7*7 + 11*(10-7)
Q: Alexander owns an art gallery. He accepts paintings and sculpture on consignment and then receives…
A: 2. Cost formula: Total cost = Variable cost for the opening shows + Fixed cost = (Number of opening…
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. 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: 7. Teresa Barnes demonstrates smoke detectors for Zook Hardware Company. She is paid $5 per…
A: Payment per first 20 demonstrations = 5 Payment per demonstration over 20 = 9 Total Demonstrations =…
Q: Each autumn, as a hobby, Anne Magnuson weaves cotton place mats to sell through 3 local craft shop.…
A:
Q: Over the winter months, Sheridan Lawns Co. pre-sells fertilizing and weed control lawn services to…
A: It is given that lawn services are to be performed May through September. As per accrual concept ,…
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: Paul James is a chrome plater at a local plant. If he plants 300 items or more, he is paid $1.25…
A: Cost system is the system which is designed to evaluate the monitor the cost incurred by the…
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: Plaintiff, a seller of milk, had for ten years bid on contracts to supply milk to defendant school…
A: The seller's performance is not seen as impracticable through unforeseen events, nor are they…
Q: Mr. Jennings made $2,437 at a craft fair this past weekend. Twenty-five percent of the total sales…
A: Mr. Jennings made $2,437 at a craft fair this past weekend. Twenty-five percent of the total sales…
Q: You are the sales manager for Solar Panel Company. You receive a commission based on the total sales…
A: x = 2% commission on first $80000 sales y = 4% commission on $80000 to $160000 sales z = 5%…
Q: The registration advisors at a small Midwestern university (SMU) help 4,200 students develop their…
A: Definition: Cost accounting systems: It is a system which measures, record and reports the product…
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: a)- Calculate the current annual total inventory holding cost and annual total ordering cost b)-…
A: Hey there since you have posted multiple questions, we can answer only first three questions, kindly…
Q: Bob Farrell works for a company that manufactures small appliances. Bob is paid $2.00 for each…
A: To Find: Total Weekly gross earning
Q: Bridgeport van Leeuwen operates a very busy roadside fruit and vegetable stand from May to October…
A: Premium expenses are the incurred to benefit the customers as well as the business companies.
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Techmar Industries,…
A: In addition to the cost of food products and foodservice employees, what other expenses will…
Q: Freshly Farms plants 80 acres of Brussels sprouts every spring. Freshly sells its sprouts to a…
A: It was given that cooperative takes a 16% margin on the cooperative's selling price. Let us…
Q: a)Evaluate the case in your own word.
A: Leander is laible to pay extra cost (jason has incurred.) If contract availbale before december…
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: Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of…
A:
Q: Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her…
A: Revenue represents the earnings of the company before deducting any expenses incurred by the…
Q: a) Calculate the current annual total inventory costs b) Calculate the economic order quantity…
A: Economic order quantity is calculated to know the quantity at which the holding and ordering cost is…
Q: Lena, a student, receives a monthly allowance of $100, which she spends solely on books and bottles…
A: Financial planning is a methodical approach to accomplishing one's life goals. A financial plan acts…
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: 1. In addition to the cost of food products and food service employees, what other expenses will…
A: Budgeting expenses is an essential part of running a business. Proper budgeting will determine…
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: The registration advisors at a small Midwestern university (SMU) help 4,200 students develop their…
A: Calculate the average waiting time as follows: The following equation is used for computing the…
Q: s salary last month
A: Value of sales $11000 Amount of sales over $5000 = $11000 - $5000 (A) $6000 Rate of commission…
Q: Bob Farrell works for a company that manufactures small appliances. Bob is paid $2.00 for each…
A: Weekly gross earning = Pay for toaster + Pay for microwave oven + Pay for Blender
Q: Annie Russell, a student at Tech, plans to open a hot dog stand inside Tech’s football stadium…
A: A business will incur certain costs to generate revenue and these costs can be both variable and…
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Technomar…
A: SOLUTION- BUDGET IS A SPENDING PLAN BASED ON INCOME AND EXPENSES . IN OTHER WORDS, IT IS AN…
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Technomar…
A: Operating budget: It is the budget prepared by the firm consisting of the estimation of revenue and…
Q: Annie Russell, a student at Tech, plans to open a hot dog stand inside Tech's football stadium…
A: The Break-even point is the point at which no profit or loss occurs. It is the point at which all…
Q: Every year in early October Steven King buys pumpkins of one size from a farmer in Maine and then…
A: Cost of underage Cu = Selling price – cost Cost of overage Co = cost – Salvage value Optimal…
Q: The registration advisors at a small Midwestern university (SMU) help 4,200 students develop their…
A: We shall calculate the waiting time in each of the given options to see what is more satisfactory…
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: 8. Cho Sasaki demonstrates microwave ovens at the National Home Show. She is paid $7 for each of the…
A: Total demonstrations (T) = 12 Commission upto 7 demonstration (C1) = $ 7 Commission above 7…
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Techmar Industries,…
A: In most of the companies, the employer provides free meal services to their employees. It makes…
Q: Fred Flingstone operates a French Fries stand at the local flee market that operates for 8 weekends…
A: Particulars Amount $ Fixed Costs:- Market vendor fees 50 x8 [a] 400…
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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- Paul James is a chrome plater at a local plant. If he plants 300 items or more, he is paid $1.25 each. For less than 300 items, he is paid $0.75 each. What is his total pay if he plates 321 items on Wednesday and 154 items on Thursday?Telemarketers receives $10 commission on all new customers they sign up for cell phone service through mobile networks. Each Telemarketers works 40 hours. The company ran a competition this week to see who could sign up the most people and the winner would get a bonus of $48. Because these employees are paid solely on commission the employer must ensure that they earn federal minimum wage for 40 hours each week.Banner House Inc. gives all its sales people a base salary of $37,000 per annum and a commission of 15% on all banners that they sell over $4,000. Calculate Jenna's salary last month if he sold $8,000 worth of banners.
- Berry Farm produces organic tomatoes and strawberries. In June 2024, it transported 125 boxes of strawberries with a price of $24 per box to the Bay Farmers’ Market. Berry Farm paid an upfront fee of $200 to present its products at the market for one week, and the market earns a 20% profit margin on each item sold, but Berry Farm is responsible for any items that remain unsold at the end of the week. Required: The market was able to sell 80 boxes of strawberries to customers. How much revenue should Berry Farm recognize with respect to this transaction?Annie's Homemade has been invited to submit a bid to cater a Memorial Day picnic with 60 servings of four flavors for a total of 240 pre-packaged servings of ice cream. Annie's' average ingredient and packaging costs (including cup, lid, spoon, and stickers) are $1.50 per serving. It would cater the event with one manager, whose is paid an annual salary of $40,000 (or an average of $20.00 per hour), and two additional employees who are paid $8.00 per hour. The wedding party expects Annie's staff to remain on-site for two hours to serve ice cream. The round-trip drive time to the event plus the tent setup and breakdown time is 1.50 hours. The wedding is 40 miles round-trip and the company pickup truck's diesel fuel, diesel exhaust fluid, and oil expenses are $0.75 per mile. The manager catering the wedding would also spend 3.5 hours manufacturing the ice cream for the picnic and portioning it into six-ounce paper cups. He would be assisted by one employee for two hours who would apply a…Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of 25,750 and is capable of processing as many as 6,500 purchase orders per year. Each clerk uses a PC and laser printer in processing orders. Time available on each PC system is sufficient to process 6,500 orders per year. The cost of each PC system is 1,100 per year. In addition to the salaries, Elliott spends 27,560 for forms, postage, and other supplies (assuming 26,000 purchase orders are processed). During the year, 25,350 orders were processed. Required: 1. Classify the resources associated with purchasing as (1) flexible or (2) committed. 2. Compute the total activity availability, and break this into activity usage and unused activity. 3. Calculate the total cost of resources supplied (activity cost), and break this into the cost of activity used and the cost of unused activity. 4. (a) Suppose that a large special order will cause an additional 500 purchase orders. What purchasing costs are relevant? By how much will purchasing costs increase if the order is accepted? (b) Suppose that the special order causes 700 additional purchase orders. How will your answer to (a) change?
- On December 1, 2019, AwakcAllNight Inc. sells 5,000 super caffeinated candy bars to Campus Grocers. The candy bars sell for 3 per bar. In addition, AwakcAllNight pays Campus Grocers a 900placement fee to ensure that its candy bars are always stocked prominently by the cash register. The 900 is paid at the end of each month based on the results of random inspections of Campus Grocers by AwakcAllNight to ensure that the terms of the contract are being followed. Required: 1. Determine the transaction price for Awake AllNights revenue contract. 2. Prepare AwakeAllNights journal entries to recognize sales revenue and pay Campus Grocers the placement fee.Ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are manufactured by Ingles, but the table legs are purchased from an outside supplier. The Assembly Department takes a manufactured table top and attaches the four purchased table legs. It takes 16 minutes of labor to assemble a table. The company follows a policy of producing enough tables to ensure that 40 percent of next months sales are in the finished goods inventory. Ingles also purchases sufficient materials to ensure that materials inventory is 60 percent of the following months scheduled production. Ingless sales budget in units for the next quarter is as follows: Ingless ending inventories in units for July 31 are as follows: Required: 1. Calculate the number of tables to be produced during August. 2. Disregarding your response to Requirement 1, assume the required production units for August and September are 2,100 and 1,900, respectively, and the July 31 materials inventory is 4,000 units. Compute the number of table legs to be purchased in August. 3. Assume that Ingles Corporation will produce 2,340 units in September. How many employees will be required for the Assembly Department in September? (Fractional employees are acceptable since employees can be hired on a part-time basis. Assume a 40-hour week and a 4-week month.) (CMA adapted)Maria Cohen is employed as a salesperson in the mens department of Lees Fashions. In addition to her weekly base salary of 400 (35-hour week), Cohen is paid a commission of 1% on her total net sales for the week (total gross sales less any customer returns). During the past week, to promote the sale of its fine cashmere sweaters, Lees agreed to pay Cohen an additional PM (push money) of 3% of the total net sales of cashmere sweaters. Cohens weekly sales tally is given below. Compute Cohens total weekly earnings, showing her (a) weekly base salary, (b) commission, (c) PM, and (d) total weekly earnings.
- Each autumn, as a hobby, Anne Magnuson weaves cotton place mats to sell through 3 local craft shop. The mats sell for $20 per set of four. The shop charges a 10% commission and remits the net proceeds to Magnuson at the end of December. Magnuson has woven and sold 25 sets each year for the past two years. She has enough cotton in inventory to make another 25 sets. She paid $7 per set for the cotton. Magnuson uses a four-harness loom that she purchased for cash exactly two years ago. It is depreciated at the rate of $10 per month. The Accounts Payable balance relates to the cotton inventory and is payable by September 30. Magnuson is considering buying an eight-harness loom so that she can weave more intricate patterns in linen. The new loom costs $1,000 and would be depreciated at $20 per month. Her bank has agreed to lend her $1,000 at 18% interest per year, with $200 payment of principal, plus accrued interest payable each December 31. Magnuson believes she can weave 15 linen place…A vendor prepares 100 hotdogs every day and sells at $20/piece. For each hot dog, he spends $12 in the raw material. Additionally, he spends $1 for packing each hotdog and monthly $50, $20, $10 as food truck rent, electricity and other expenses respectively. On a particular day in June it rained heavily so vendor was able to sell only 80 hot dogs. For finishing the stock, he sold remaining hotdogs for $5/piece. Determine vendor’s profit for that day? Assume there are 30 days in the month. Question 8 options: 1) $97.3 2) $397.4 3) $197.4 4) $200Manuel 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?