s a chance to work at one of two firms. Scantor will give him a salary of 700 a month, a commission of 3% on total monthly sales, and a 3% more on monthly sales over 70,000. Fletcher offers him a commisiion of 2.5% on the first 45,000 of monthly sales, 4%, on the next 20,000 of monthly sales and 7% on all montlhy sales over 65,000. If Sergio could average 90,000 in sales a month at either job, at which job could he earn more per month, and how

s a chance to work at one of two firms. Scantor will give him a salary of 700 a month, a commission of 3% on total monthly sales, and a 3% more on monthly sales over 70,000. Fletcher offers him a commisiion of 2.5% on the first 45,000 of monthly sales, 4%, on the next 20,000 of monthly sales and 7% on all montlhy sales over 65,000. If Sergio could average 90,000 in sales a month at either job, at which job could he earn more per month, and how

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 12EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a...

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Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a charge for each copy made. The company uses the high-low method to analyze costs. If Markson paid $360 for 5,000 copies and $280 for 3,000 copies, how much would Markson pay if it made 7,500 copies?
Marcus can choose between a monthly salary of $1,500 plus 5.5% of sales or $2,400 plus 3% of sales. He expects sales between $5,000 and $10,000 a month. Which salary option should he choose? Explain
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You have been offered two different jobs from competing businesses. Company A is willing to pay you $120,000 a year if you commit to working for them for 40 years. They have also promised a raise of 5% for every year you work. Company B is also interested in you and is offering a base salary of $45,000 a year, but promises a 10% raise each year you work up until your 40th year with the firm. Which is the better offer in regards to total dollars earned over the course of your career, and what is the total dollar difference between the two offers?
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Mohan, an artist, wants to know how many caricatures he must sell to realize a yearly profit objective of $30,000. Each caricature sells for $20 and costs $5 in materials to make. The fixed costs for Mohan’s studio are $30,000 per year. A distribution chain for hotel room art includes the artist, a wholesaler, the hotel chain, and the individual hotel franchise owner. The artist sells each painting to the wholesaler for $80, realizing a 75% margin on the selling price. The wholesaler sells the art to the hotel chain for a 50% margin. The hotel chain then sells the art to its individual hotel franchise owners, and earns a 20% margin. If the cost for the artist to produce each painting doubles due to a shortage in canvas, what is the new cost to the hotel franchise owner if every member of the distribution chain maintains the same DOLLAR margin?
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