Maria Cenventas demonstrates microwave ovens at the National Home Show. She is paid $7 each for the first 7 demonstrations in one day and $11 for each demon- stration over 7. What is Maria's commission for a day in which she makes 10 demonstrations?
Q: 1. James works as a salesman in Octagon Blitz, a computer, gaming, and multimedia store. Last month,…
A: The sales commission is based on the sales revenue earned during the period.
Q: A sales representative lives in Bloomington and must be in Indianapolis next Thursday. On each of…
A: Travel cost Travel costs refer to the expenditures for hotel, meals, incidentals, and other related…
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…
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A: Mr. M would earn commission based on the given structure. First $5,000 worth of sales would earn…
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A:
Q: Mapple, Inc. is a smart phone manufacturer. Each month, to make its smart phones, the firm also…
A: Relevant cost per unit = Direct materials + Direct labor + Variable OH + Avoidable Fixed OH =…
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 =…
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A: Accounting Profit = Total Revenue – Explicit Costs Explicit cost are the actual cost of the…
Q: Anny had been cutting hair for years and decided she wanted to open up a salon of her own. In order…
A: Financing is a method to raise funds for the fulfillment of requirements. The financing can be done…
Q: Leah is selling 6-ft tall christmas trees. The cost of her product is 1,000. She adds 20% to cover…
A: Overhead cost=Product cost×Overhead percentage=1,000×2%=200 Thus, the overhead cost is 200.
Q: Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only employee, and she…
A: Correct option is B. Cannot be determined based on the information provided. Margin% of Michelle's…
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: Mary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000…
A: note dear student as per Q&A guideline we are required to answer the first question only .…
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: Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday…
A: The break even sales are calculated as fixed cost divided by contribution margin ratio.
Q: Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes…
A: Number of units to earn desired profit: Formulas:
Q: Madison is the newly appointed manager of spark communication a small computer monitor manfacturing…
A: Total fixed cost = rent + salaries + insurance = 4000+12500+1500 = $18,000
Q: Booker Bond demonstrates cookware at the National Food Fair. He is paid $6.00 each for the first 10…
A: Commission is paid for selling and making for product or service.
Q: A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece. For each hot dog, he spends…
A: Profit: Following the deduction of all expenditures, profit is the money that a firm makes.…
Q: Berry Farm produces organic tomatoes and strawberries. In June 2021, it transported 115 boxes of…
A: As per IAS 115,Revenue Recognition, 5th condition for Revenue recognization is to recognize…
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A: The total cost of labour includes all wages paid to employees, along with employee compensation and…
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A:
Q: Olympus, Inc., manufactures three models of mattresses: the Sleepeze, the Plushette, and the Ultima.…
A: It is given that the Olympus Inc manufactures.
Q: Leomord assembles notebooks at a rate of ₱6.50 per notebook. If he is able to complete 150 notebooks…
A: The conceptual formula used:
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: Ginocera Inc. is a designer, manufacturer, and distributor of custom gourment kitchen knives. A new…
A: Income Statement: Company's income and expenditures along with profit or loss during the…
Q: Amber, owner of Amber’s Flowers and Gifts, produces gift baskets for various special occasions. Each…
A: Production Budget Budgeted quantity of output to be produced during a specific period Output for…
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: How many units does Eddie the Entrepreneur need to sell to breakeven in a day? He rents a kiosk in…
A: cost of labor = Number of hours open * Cost per hour = 10 x 10 = $100
Q: 3. Gloria Windsor is a salesperson in the toy department at Morris. She is guaranteed a minimum…
A: For finding gross pay of the Gloria Windsor we need to compare her minimum salary and salary on the…
Q: This month your vendor invoiced $31,500 in testing charges for your production run. The unit cost…
A: Average cost per unit= Divide the total cost for the month $31500 by the total units shipped this…
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A: Current plan number of exams = 100 Current plan price per exam = 100 ---------------------…
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A: Right of return asset is measured at cost of item sold . In the given case toatl sale is 50000…
Q: George Robinson recently fulfilled his long-time dream of opening a gym that offers spinning…
A: 1. Contribution - Contribution is derived by deducting Variable Costs from Revenue. Contribution is…
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: In a two-month period, the McCabes used 980 units of electricity. Each unit of electricity cost 21c…
A: Solution:- Total amount of bill includes consumption charges, standing charges and taxes, if…
Q: Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She…
A: d. Number of houses cleaned 15 25 35 The total expected cost of equipment rental 700 700 700…
Q: George Robinson recently fulfilled his long-time dream of opening a gym that offers spinning…
A: Contribution margin per unit=Selling Price-Variable Cost per unit Contribution margin…
Q: Bright Night, Inc., manufactures light bulbs. Its purchasing policy requires that the purchasing…
A: A buying policy is a set of regulations that govern how requests are handled. By building a policy…
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: Melvin's sales last week of a new tile cleaner were RO 9,500. If he receives a commission rate of…
A: As mentioned in the question, Melvin receives 15% of all sales as the commission so,
Q: Ginocera Inc. is a designer, manufacturer, and distributor of custom gourment kitchen knives. A new…
A: Income Statement The purpose of preparing the income statement is to know the net income which was…
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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- Manuel 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?Mr. John Villamin wanted to sell cupcakes to his friends. He spends Php 22.50 per cupcake with corresponding mark up of 140%. For the month of February 2022, he sold 100 pcs on the 1st 15 days of the month, and 125 pcs on the remaining days of the month. Other expenses are 10% of the total ingredients cost. How much is the income or loss of Mr. Villamin for the month of February 2022 (indicate if income or loss and show your computation)?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?
- Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on his monthly sales of Ρhр 85,000.00 is his benefit. His sales last month was Ρhр 115,750.00 and this month is Ρhр 72,951.00.Comрute his two months earnings?Glam company offers customers a pottery cereal bowl if they send in three boxtops from its products and P10. The entity estimated that 60% of the boxtops will be redeemed. During the current year, the entity sold 675,000 boxes and customers redeemed 330,000 boxtops receiving 110,000 bowls. The cost of each bowl is P25. 1a. What is the premium expense for the current year? a. 1,650,000 b. 2,025,000 c. 4,550,000 d. 6,075,000 1b. What is the liability for outstanding premiums at year-end? a. 250,000 b. 375,000 c. 625,000 d. 875,000
- 1. Banner House Inc. gives all its sales people a base salary of $39,000 per annum and a commission of 8% on all banners that they sell over $5,000. Calculate Courtney's salary last month if she sold $11,000 worth of banners. 2. Patrick, a sales representative at a jewelry store, receives a 2.00% commission for the first $10,000 in sales she makes, 4.00% for the next $30,000, and 6.00% thereafter. If she was paid $2,500.00 in commissions last month, calculate the amount of sales she made. 3. Jesse works for a clothing boutique store as a salesperson. She receives a monthly base salary of $900 and earns a commission on sales over $20,000. If she earned $8,000 last month and she made $110,000 in sales, calculate her commission rate.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) $200Leah is selling 6-ft tall christmas trees. The cost of her product is 1,000. She adds 20% to cover overheads. How much is the new selling price during ordinary days?
- Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5% for sales up to ₱200,000.00; 7% for the next ₱250,000.00; and 10% for sales beyond ₱300,000.00. How much will her commission be if her sales amount to the following ₱225,000.00Phil makes and sells rugs at his roadside stand. His monthly fixed cost for owning the stand is $1500. If he makes and sells 12 rugs, his total costs are $1548 and he brings in $408 in revenue. Find Phil's monthly cost, revenue, and profit functions (assuming they are linear). Let x be the number of rugs made and sold each month.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.