Ted Axelrod sells appliances for McKenny Appliance Store. He is paid an 8% commission on the first $1000 of sales, 10% on the next $1500, and 15% on all sales over $2500. What is his commission on $3460 in sales?
Q: Sandhill Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of…
A: The net income is calculated as excess of service revenue over costs incurred.
Q: Joy is paid a straight commission of 10% on his total amount of sales. If her total sales for the…
A: Commission = 10% x total amount of sales
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…
Q: 7. Miguel Valdez sells appliances. He is paid an 8% commission on the first $5,000 worth of sales,…
A: 8% Commission on Sales of first 5000 10% of Commission on next 5500 15% Commission on sales over…
Q: harlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000…
A: Please see the next step for the solution
Q: Mark Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of…
A: Total unit variable cost per haircut = Commission expense + Utilities expense + Barber supplies…
Q: Maricel Santos sells products from a direct selling company. She receives 10% commission for her…
A: Sales commission: It refers to the sales incentive paid to the salesperson on top of his base pay,…
Q: Kallen receives a base salary of $800 per month plus 5% on all sales over $15,000. If Kallen sold…
A: Gross pay = Base salary + Commission on sale
Q: a. Calculate his total profit or loss made from the sale of the phones. Round to the nearest…
A: A trade discount is a discount given by the manufacturer to the seller. It deducts from the list…
Q: Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the…
A: Commission to be paid by Challenge Furniture to Mary is based on sales made by her.
Q: The sales teams has to generate $545,609 in revenue this month for Product X. Its sales price is…
A: Discount = Sales Price before Discount x Discount Rate Net Sales Price = Sales Price before…
Q: rank's Factories has a staff of sales people like Anthony, who receives a monthly sa 23,300.00, what…
A: The gross pay for Anthony can be computed as follows: Gross pay = Basic pay + Incremental comision…
Q: You are the sales manager for Solar Panel Company. You receive a commission based on the total sales…
A: x = 2% commission on first $80000 sales y = 4% commission on $80000 to $160000 sales z = 5%…
Q: Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first…
A: Commission on first $1500 sales (x) = 5.14% Commission on sales above $1500 (y) = 10% $7500 sales…
Q: UN PANLAQUI IS A SALESMAN RECEIVING A SALARY OF P12,500.00 MONTHLY WITH 5% COMMISSION ON ALL HIS…
A: Answer) Calculation of Gross Salary for 3 months June July August Total Fixed…
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: Gloden Company operates a retail store in Faith, Hope, and Love. Golden Company’s corporate…
A: Performance evaluation is the term used when the entity evaluates the performance of its staff, its…
Q: compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a…
A: 1. The sales commission is an additional compensation over their salary, the employees receive for…
Q: Big Red Motors, Inc., employs 15 sales personnel to market its line of luxury automobiles. The…
A: If a business has two alternatives of doing something, then it should select that alternative which…
Q: Portable Power Inc. buys portable generators for $470 and sells them for $750. They pay a sales…
A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…
Q: ABC Kitchen sells dishwashers and garbage disposals to customers. The company buys the dishwashers…
A: The profit from the sale of goods is realized when the goods reach their final delivery destination.…
Q: arwick’s Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,482 per…
A: Financial Statement - It is formal records of the financial activities of particular period and…
Q: Hewitt Enterprises is a business that buys and sells printers at a profit and has the following…
A: Since cost assumption of the business enterprise is not mentioned. We are assuming that latest price…
Q: Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of…
A:
Q: BM Motors, Inc. employs 40 sales personnel to market its line of luxury automobiles. The average car…
A: An indifference point is a point where both proposals provide the same results.it is also known by…
Q: Roe manufactures and sells cloth facial masks. Per unit direct material and direct labor costs are…
A: Total revenues include sale value from masks. Total costs include both variable and fixed costs
Q: 6. Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales…
A: Total sale = $ 16120 Commission upto $ 6000 sale = 9% Commission on sale more than $ 6000 = 14%
Q: * 9. You are the sales manager for the Shockey Solar Panel Company. You receive a commission based…
A:
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,400.00 plus an…
A: The gross pay includes the total salary paid to employees.
Q: Schrute Farm Sales buys portable generators for $460 and sells them for $740. He pays a sales…
A: Income StatementIncome Statement or profit & loss account is one of the financial statements of…
Q: Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $70,000…
A: 2.6% at $70,000 3.4% at $87200- $70,000 3.4% at $17200
Q: s salary last month
A: Value of sales $11000 Amount of sales over $5000 = $11000 - $5000 (A) $6000 Rate of commission…
Q: Banner House Inc. gives all its sales people a base salary of $37,000 per annum and a commission of…
A: In addition to the basic income, the commission provides additional revenue. Incentives are offered…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a…
A: Variable cost per copy using high-low method (Highest Cost - Lowest Cost) / (Highest No. of Copies -…
Q: Crystal’s gross monthly salary is $9,797 on net sales totalling $114,641. If her base salary is…
A: Sales are the revenues generated by the business from its day to day operations. The sales revenue…
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: The AAA Branch of SSS Company provided the following information related to its operations for the…
A: Contribution is calculated as a difference between sales and Variable cost. When Contribution is…
Q: As a sales person for Fresh Flowers, Carlos is paid an incremental commission based on the table…
A: Sales commission is paid by fresh flowers based on slab rates. Up to 5700 sales limit, 6.5%…
Q: During August, Marwick’s Pianos, Inc., sold and delivered 56 pianos. Required: 1. Prepare a…
A: Income Statement of business shows all revenues and expenses of the business for the particular…
Q: Jay woks as a salesman for a software company. This month, his sales amount to 450,000 pesos. How…
A: Solution a: Sales commissions = P450,000 * 11% = P49,500
Q: Majan Business Solutions Company pays its employees on the below graduated commission scale: Sales…
A: The company provides the salary to its employees on a commission basis also. Mostly the sales…
Q: The Verizon publishing company pays its sales people a weekly salary plus a 2% commission on all net…
A: Given that: Regular wages = $250 Gross Sales = $13125 Returns = $125
Q: Stellar, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores.…
A: The distributor is the person who purchases the products from the manufacturer and sells the product…
Q: Sunland Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of…
A: Break-even analysis is a technique widely used by the production department. It helps to determine…
Q: Claremont Company sells refurbished coplers. During the month, the company sold 175 coplers at an…
A: The budgeted sales can be calculated by multiplying expected sales by the average price per copy.
Q: Wendy Epstein, a sales representative, earns an annual salary of $32,700 and receives a commission…
A: a. Calculate the regular annual salary of person WE.Regular annual salary is $32,700 (given).
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- Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? Level Sales volume Commission Rate 1 $0–11,700 3.1% 2 $11,700–21,200 4.1% 3 Over $21,200 4.7%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?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.
- David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the first $20,000, 6% on sales from 20,000 to 70,000, 8.5% commission on sales from $70,000 to 100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:Booker Bond demonstrates cookware at the National Food Fair. He is paid $6.00 each for the first 10 demonstrations in one day and $7.50 for each demonstration over 10. What is Bond's commission for a day in which he makes 21 demonstrations?Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying costs are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. (a) What is the EOQ? (b) What will be the total inventory costs if the EOQ amount is ordered? (c) Suppose that Charlotte's supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgest should Charlotte order each time an order is placed to minimize total inventory costs?
- Rodney runs Handheld Hardware Inc. in Mississauga, Ontario. He purchases 490 phones from a distributor with trade discounts of 14% and 7% on the list price of $50 per phone. He sold 288 phones at the regular selling price of $82 each and offered a markdown of 20% on the next 59 phones. To ensure that he completes the stock, he sold the rest at break-even. The store's overhead expenses are 9% on cost. a. Calculate his total profit or loss made from the sale of the phones. Round to the nearest cent b. What is the rate of markdown from the original selling price for the remaining phones that are being sold at break even? % Round to two decimal placesCharlotte sells widgets which cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. Suppose her supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgets should Charlotte order each time an order is placed to minimize costs? I have submitted this question twice and both times was answered with how many orders of 1250 will satisfy the demand of 10,000 widgets. I need to know how to figure out HOW MANY WIDGETS PER ORDER to minimize costs.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) $200
- If a saleperson's monthly sales are less than $400, their commission is 5% If a saleperson's monthly sales are between $400 and $750, their commission is 10%. If a salesperson's monthly sales are more than $750, but less than $1000, their commission is 15%. If a saleperson's monthly sales are $1000 or more, their commission is 18.5%. Salesperson Sales Commission Rome $1000 Izzy $750 Drizzy $800 Jay $350 Hint: Commission equals the sales amount*commission Rate)(Excel Nesting IF exercise )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. 875,0005. A sales manager has 30 representatives. She receives a commission of 20% from her own sales and 5% override. During the month of January, she made sales amounting to P70,000 and her representatives made P140,000. What were her total earnings? 6. Suppose the sales tax rate of Pagadian City is 7% of the purchase price. If the price of the digital camera is P 24,700, how much sales tax must be paid?
