Carmen who is a sales representative receives a basic salary of Php. 400,000 per year plus a commission of 10% if she sold over Php, 50,000. Compute her income for a month in which she sold goods amounting to Php. 800,000.
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Carmen who is a sales representative receives a basic salary of Php. 400,000 per year plus a commission of 10% if she sold over Php, 50,000. Compute her income for a month in which she sold goods amounting to Php. 800,000.
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- 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. 10,000Elliott, 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?Irish paid a monthly salary of 15,000.00 and earn a commission of 3% in sales. If she sold a monthly amount of 150,000.00 during the month, how much is his gross pay?
- Terry is a salesman who has a monthly salary of 25,000 pesos. His total sales for the month amount to 170,000 pesos. How much is his GROSS INCOME for the month if: a. he is paid 4% of his total sales? b. each product costs 2,125 pesos and he is paid 87 pesos for each product he sold? c. he is paid 3% of sales up to 100,000 pesos, 5% of the next 50,000 pesos, and 7.5% of sales beyond 150,000 pesos? d. if he has a quota of 150,000 pesos and he is paid 36% of all sales in excess of that quota?_ Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold $75,000 last month, his gross pay would be $3,800. True or FalseSharon 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 =
- Using the Train act shown below, how much annual tax will be paid by a salesman who earns a basic salary of Php. 450,000.00 per year plus a commission of 20% if he sold over Php. 30,000? Assuming the salesman was able to sell Php. 50,000 regularly per month. He has a total deduction of Php. 70,000 per year. What is his monthly tax deduction?Jenny receives an annual salary of $51,000 plus a 10 percent commission on all sales during the year in excess of $200,000. Her sales for the year total $420,000. What do her total earnings amount to ?Sange earns a salary of $48,200 per year and is paid on a bi-weekly basis he also earns a 2% commission on his total sales during the pay period sange had $11,940 in sales what is sange net pay? Show all your work.
- Mikoy is a firm engineer receiving a basic monthly salary of 45,000.00 and commission on al sales of 2% Compute for his gross earnings for the month if he sold 1,500,000.00Ona is an automobile salesperson who receives a salary of $1,500 per week plus a commission of 3% on all sales. Durin a four-week period, Ona sold $42,000worth of cars. What was Ona's earnings?A salesman earns a salary of $2000 per month plus 4% of all sales he make. The salesman make $25000 in sales for the month. The salesman has 30% of his pay taken out for taxes. How much is his pay check worth?
