Question 14 Becky is a corporate account manager at a company that sells athletic equipment to other businesses. She receives a monthly salary of $2,000 plus commission on any new sales that she makes as part of her daily interactions with her customers, If Becky's sales were $99.000 last month and she earned $3.782, what is her commission rate?
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- The sole proprietor of the Alton Plumbing Supply Company receives all accounting profits earned by his firm and a $30,000 a year salary. He has a standing salary offer of $40,000 a year working for a large corporation. If he had invested his capital outside his company, he estimates that would have returned $15,000 this year. If accounting profits for the year were $65,000, economic profits were:All Smiles Dental Clinic would like to develop a hygienistmaster schedule for the treatment of patients. Five full timehygienists are scheduled six days a week, and each hygien-ist can treat 10 patients per day. If the number of patientsexpected is greater than the hygienist capacity scheduled, additional hygienists may be hired on a daily basis from atemporary worker employment agency. The agency requiresone day notice. Based on your knowledge of MPS, completethe following prototype schedule shown in Figure 11.48Sunflower Manufacturing recently applied for a $10 million loan at The Democrat Federal Bank (known simplyas The Democrat). The purpose of the loan is to support its working capital needs (short-term funds) duringthe next nine months. Sunflower has been a loyal customer of the bank for many years and has beenextended whatever amount of credit it requested in the past.Sheli Crocker, who is a new, young loan officer at The Democrat, reviewed Sunflower's loan application anddecided to turn down the loan for the requested amount. In her report to Henry, her boss and the senior loanofficer, Sheli indicated that she thought Sunflower would have trouble repaying a $10 million loan because itsfinancial positions has deteriorated in recent months. Sheli noted that the company's ability to pay its currentobligation - that is, its liquidity position - is poor and that analysts are pessimistic about Sunflower's ability toimprove its liquidity during the next two years. As a result, Sheli…
- 5 Pulsar Plc is considering of exporting its products to the Swedish market. It expects to earn an annual accounting profit of £200m from doing so. It has also the option to begin exporting to India, Brasil or South Africa, but it has the production capacity for only one of the four possible markets (including Sweden). The expected annual accounting profit for the above three markets is £250m, £200m, and £150m respectively. On the basis of this information, the economic profit of exporting to Sweden is equal to: a. -£50m. b. £0m. c. £50m. d. £200m.Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?You have the opportunity to get a VEGGIE Café franchise (this specializes in BOCA veggie Burgers and other heart-healthy, non-GMO fast foods). You now manage three Big Bird Stick-e-Chicken shops for another owner, and feel you are ready to be your own boss. You estimate you can gross 70% of Stick-e-Chicken’s gross sales (which last year totaled $600,000). You will have to pay Veggie, Inc., an annual franchise fee of $1,500 plus another 4% of gross sales. You will have to pay two types of advertising expenses: local advertising (which will cost $6,000 a year) and your share of National advertising (which will be 2% of gross sales). A store location (formerly a Burger Hut) is available for only $6,000 a year plus a yearend rent bonus of 1% of estimated gross sales greater than $60,000. You will have to borrow money from a bank at 10% per annum (which will cost you $18,500 a year in interest). Your life savings of $50,000 will have to be invested in the business (thus you will…
- You have the opportunity to get a VEGGIE Café franchise (this specializes in BOCA veggie Burgers and other heart-healthy, non-GMO fast foods). You now manage three Big Bird Stick-e-Chicken shops for another owner, and feel you are ready to be your own boss. You estimate you can gross 70% of Stick-e-Chicken’s gross sales (which last year totaled $600,000). You will have to pay Veggie, Inc., an annual franchise fee of $1,500 plus another 4% of gross sales. You will have to pay two types of advertising expenses: local advertising (which will cost $6,000 a year) and your share of National advertising (which will be 2% of gross sales). A store location (formerly a Burger Hut) is available for only $6,000 a year plus a yearend rent bonus of 1% of estimated gross sales greater than $60,000. You will have to borrow money from a bank at 10% per annum (which will cost you $18,500 a year in interest). Your life savings of $50,000 will have to be invested in the business (thus you will…You have the opportunity to get a VEGGIE Café franchise (this specializes in BOCA veggie Burgers and other heart-healthy, non-GMO fast foods). You now manage three Big Bird Stick-e-Chicken shops for another owner, and feel you are ready to be your own boss. You estimate you can gross 70% of Stick-e-Chicken’s gross sales (which last year totaled $600,000). You will have to pay Veggie, Inc., an annual franchise fee of $1,500 plus another 4% of gross sales. You will have to pay two types of advertising expenses: local advertising (which will cost $6,000 a year) and your share of National advertising (which will be 2% of gross sales). A store location (formerly a Burger Hut) is available for only $6,000 a year plus a yearend rent bonus of 1% of estimated gross sales greater than $60,000. You will have to borrow money from a bank at 10% per annum (which will cost you $18,500 a year in interest). Your life savings of $50,000 will have to be invested in the business (thus you will…John was a high school teacher earning a net salary of $54,000 per year. After working for one year, he quit his job to start his own milk bar business. In order to start the business, John borrowed $40,000.00 from the bank and was paying 5 percent interest per year. Also, John withdrew $ 50,000 from his savings account. He had been earning 5 percent interest per year for this account. John’s first year of business can be summarised as follows: Item Amount $ Revenue- Fresh milk section 250,000 Revenue- Yogurt Section 180,000 2 Cashiers expense (wages per worker) (40,000) Truck expense (80,000) Manager expense (60,000) Milk sales assistant expense (30,000) Equipment expense (50,000) Motorcycle expense to ease movement in city (30,000) 2 milk freezers (cost per freezer) (5000) Based on your calculations of accounting profit and economic profit, would you advise John to return to his teaching job or continue with the…
- The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. Compensation of the new vice president is a flat salary plus 75% of the first $150,000 profit, and then 10% of profit over $150,000. Purchase price for the company is set at 4.5 times earnings (profit), computed as average annual profitability over the next five years. PLOT the annual compensation of the vice president as a function of annual profit?Please draw carefully otherwise give multiple numbers of down vote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.An entrepreneur named Khadijah has total revenue shown by the equation TR = 150Q - 5Q² and total costs shown by the equation TC = 20 - 10Q. Determine the amount of output that must be produced by Khadijah to get the maximum profit and what is the maximum profit from that amount of output. Prove that the value obtained is the maximum!