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?
Q: The following transactions of Heron Ltd took place during January 2022 in respect of component X…
A: The weighted average cost method is used for calculating the closing inventory and it is to be…
Q: (Discounted payback period) Gio's Restaurants is considering a project with the following expected…
A: Payback period is the number of years it takes to recover the cost of the project. Discounted…
Q: What would the NPV be if the discount rate was 8%, and how would I solve for that?
A: NPV stands for net present value. It is an important capital budgeting tool.
Q: 10) What is the current price of a $1,000 par value bond maturing in 9 years with a coupon rate of 8…
A: 10). Annual coupon payment = Coupon rate*Par value = 0.08×$1000 = $80 Number of years to maturity =…
Q: Wonder Plc is considering two investment projects in another city and the estimated cash flows are…
A: Net Present Value (NPV) of the project is the sum of the present value of all the cash inflows and…
Q: ane needs $30,000 to buy a new car in four years. How much should she deposit at the endof each…
A: We will use the concept of time value of money here. The concept of time value of money states that…
Q: Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S.…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: 5 B 3. What is the semi-annual coupon rate on the following government bonds? YTM 4.00% Semi-ann…
A: Here, To Find: Semi-annual coupon rate =?
Q: You own a townhome with and assessed value of 182,300. The tax rate is $2.20 per $100 of assessed…
A: The property taxes are levied on the assessed value of the property . The tax authorities offer a…
Q: e answer is incorrect. It's supposed to be one of the choices below: Select the correct answer.…
A: Price of bond is the present value of annual interest payments that are paid and also the present…
Q: Julie's X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy…
A: Given The Price per share is $2 per share Growth rate is 5% Required return is 8%
Q: AUTO LOAN Kiara recieved a $10,000 loan from her Aunt to buy a car. Her Aunt charged her 2.5%…
A: Loans are charged for interest and interest depends on rate of interest and also the period of…
Q: lain the relationship between return on equity (ROE), return on asset (ROA), and leverage effect.…
A: Return on equity and return on assets shows how much is the profit earned by the company and are…
Q: Item Beginning Ending Inventory $ 12,435 $ 15,615 Accounts receivable 6,120 6,287 Accounts…
A: The operating cycle represents the number of days takes the company to purchase the goods, sell the…
Q: The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming…
A: First we need to calculate cash collections during the quarter and than use equation below Ending…
Q: (Discounted payback period) The Callaway Cattle Company is considering the construction of a new…
A: Discount Rate 12% Year Projected Cashflow 0 $ -5,05,000.00 1 $…
Q: Consider a financial institution with two assets: 10 percent of the portfolio in one-month Treasury…
A: We have to find the one month liquidity index value. We know the value today and a month later.
Q: A stock price is currently $60. It is known that returns on the stock are normally distributed with…
A: Returns on the stock are normally distributed. The parameters of this normal distribution are…
Q: Fountain Corporation’s economists estimate that a good business environment and a bad business…
A: it is given that: Economy Probability Low-Volatility Project Payoff…
Q: (Related to Checkpoint 11.1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is…
A: The internal rate of return is the rate of return at which the net present value is zero. It means…
Q: A stock has a beta of 1.1. The expected return on the market is 6.18 percent and the risk free rate…
A: Expected Return = Risk Free Rate + Beta ×Market Return -Risk Free Rate Risk Free Rate is 2% Beta is…
Q: Holtzman Clothiers's stock currently sells for $30.00 a share. It just paid a dividend of $1.75 a…
A: Compute the expected stock price after 1 year, using the equation as shown below: Stock…
Q: Edwards Construction currently has debt outstanding with a market value of $128,000 and a cost of 12…
A: The debt-to-value ratio is computed by taking total debt as the numerator and the total assets as…
Q: Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc.…
A: NOPAT stands for Net Operating Profit After Taxes. NOPAT shows a company's income from operations…
Q: CB corp. is expected to generate net income of $40 million next year and will pay $20 in after tax…
A: The present value of a future sum of money or stream of cash flows is the current value, given a…
Q: Current assets Net Fixed assets ● Total assets Accounts payable and accurals. Short term debt Long…
A: The Dividend Growth Model refers to a model that helps in calculating the intrinsic value of a stock…
Q: Imagine that you are an investor who is contemplating whether to purchase a stock which is valued at…
A: Beta is 0.3 Market Return is 9% Risk Free Return is 5% Expected Return = Risk Free Return +Beta…
Q: Bond Valuation with Annual Payments Jackson Corporation's bonds have 15 years remaining to…
A: Solution:- Bond price means the price at which the bond is currently trading in the market. We…
Q: uppose you bought a 10 percent coupon bond one yea sells for $1,080 today. a. Assuming a $1,000 face…
A: Bonds are quite safe and secured investment but the return on bond are lower and bonds are paid…
Q: Company A had 30% debt and 70% equity (in market value terms). It had 1 million shares outstanding,…
A: We first need to calculate amount needed to buy back stock. Amount needed to buy back Stock =…
Q: Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in…
A: Covariance It is a measure of the degree to which two parameters move together with respect to their…
Q: Explain how you would interprete Financial statements to your Chief Executive Officer who is a…
A: Chief Executive Officer is the highest-ranking executive in a company and such an officer is…
Q: INFORMATION An entrepreneur recently opened a filling station. Diesel is sold at R15 per liter and…
A: Concept. Operating profit / loss. When cost of goods sold and other operating expenses of the…
Q: Jimmette currently has savings in the amount of $46627 in an account that earns 5.9% compounded…
A: Annuity is a series of regular payments or withdrwals made at a regular interval for a period.…
Q: Constant growth rate, infinite horizon (with growth rate estimate) from past history: using the…
A: Dividend Growth Model: The fair value of a company is determined using a valuation method known as…
Q: You are a financial analyst and are comparing two stocks. For Stock A, you expect that it will pay a…
A: Price of stock can be calculated by using discounting the dividend and growth of dividend in the…
Q: Assume that a bank has a total of $20million of small exposures of a certain type with one year…
A: We have to find the 99% one-year credit VaR using Vasicek’s model. There is a fairly standard…
Q: Alina buys a boba tea almost every afternoon. This amounts to about $114 per month. If they invested…
A: The deposits are made on monthly basis and the time period of the investment is 5 years. Hnece, the…
Q: The expected dividends of Northwestern Mutual are now $10, $37, -$22, $17, and $133 in the following…
A: The dividend for year 1, year 2, year 3, year 4, and year 5 is $10, $37, -$22, $17, and $133. The…
Q: What are unrestricted funds? Does grant funding typically consist of restricted or unrestricted…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Peter Piper has applied for a mortgage of $124,000. Interest is computed at 6.5 percent compounded…
A: Loans are paid by the monthly equal and fixed payments and these payments carry the payment for…
Q: You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of…
A: Compute the monthly interest rate, using the equation as shown below: Monthly rate=Annual rate12…
Q: Professor Wendy Smith has been offered the following opportury: A law firm would like to upfront…
A: IRR and NPV are the capital budgeting tools that help to decide on whether the capital project…
Q: What are the cash flows to Tom under each scenario? (Do not round intermediate calculations and…
A: Debt Attracts Interest which means the person/company takes the debt must pay the Interest on the…
Q: ey borrowed
A: interest paid on money borrowed to buy stock for a standard investment portfolio- Yes deduct id it…
Q: Identify and Compute Net Operating Assets Following is the balance sheet for Lowe’s Companies Inc.…
A: Net operating assets-It is the difference between a company's operating assets that are directly…
Q: Here and Gone, Inc., has sales of $21,332,097, total assets of $12,393,090, and total debt of…
A: Profitability ratio shows the ability of the company to generate income relative to its revenue,…
Q: The interest rates over the next four (4) years are as follows: The annual effective interest rate…
A: The present value of money is the comparable worth of money now that will be received in the future…
Q: I don't understand the equation that gave you the answer 44.00. I mostly dont get what the commas…
A: The yearly interest rate produced by investors or borrowers is referred to as the annual percentage…
Q: The Saban Corporation is trying to decide whether to switch to a bank that will accommodate…
A: It is given that: Decrease in collection float - 6 days Compensating Balance - $ 23000 Average…
Step by step
Solved in 2 steps
- 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.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.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?
- Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is collected in the month of sale, 15% is collected the month after the sale, and 10% is collected the second month after the sale. How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $75,000 in June, $65,000 in July, and $90,000 in August?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?
- 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?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.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 $
- Len-Len is a saleslady who has a monthly salary of ₱22,500. Her total sales for the month amount to ₱65,000. How much is her GROSS INCOME for the month: a) if each product costs ₱520 and he is paid ₱46 for each product he sold? b) if she is paid 8% of sales up to ₱50,000, 12% of the next ₱30,000.00 and 15% of sales beyond ₱80,000.00?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 =A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the total sales of his subordinates. If his total sales for the month amount to ₱250,000.00 and that of his subordinates is ₱425,000.00, determine the following: How much is his total commission?