11. ALGEBRA Fatima Sheroud sells children's clothing for The Grasshopper Shoppe. She is paid weekly on a straight commission of 4% on sales of $5,000.00 or less and 5% on sales in excess of $5,000.00. One week Fatima had a gross pay of $594.50. What were her total sales for that week?
Q: ogi’s Construction has a $100,000 line of credit at the Jellystone Bank. The annual percentage rate…
A: Calculation of current interest rate = 6% + 3% = 9%
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A: Paolo is a sales manager receiving a monthly salary of php 240,000 Commission is 7% Transportation…
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: 4) The first week, the store sold 12 pairs for $1 60 each in cash sales. 5) On the 10th, a sale of…
A: The given Question pertains to account for the transaction in journal entries under a perpetual…
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…
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A:
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 =…
Q: McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,921,000; 40% of…
A: d) The discount percentage is 3% The computation of number of days:
Q: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a…
A: As you have asked multiple questions, we will solve the first question as per policy. Request you to…
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,200.00 plus an…
A:
Q: David is paid a monthly salary of 12,000 and earn a commission of 4% in sale. If he sold the total…
A: The gross pay is the sum total of monthly salary and commission on sales.
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: 4. Andrew Sanders sells sports equipment and is paid a commission of 5.55% on regular price items…
A: Given information : Commission on regular price items 5.55% Commission on sales price items…
Q: 8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on…
A: Sale (S) = $ 85,900 Commission rate up to $ 50,000 sale (C1) = 6% Commission rate over $ 50,000 sale…
Q: Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his…
A: Gross pay is the money that a person received without making any deductions.
Q: 4. Suppose the company pays the store manager an inčéhtive shirt separate from that of the…
A: The net income is calculated as difference between revenues earned and expenses incurred during the…
Q: 5. Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first…
A: The sales commission can be calculated on the basis of commission structure. The first $1,500 worth…
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A: Commission = Sales×3%
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…
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A: Commission is certain percentage of amount the sales person sells. D. basic salary = $9000 over…
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A: Solution:- Profit means the excess amount of money available from sale proceeds after meeting all…
Q: Portable Power Inc. buys portable generators for $470 and sells them for $750. They pay a sales…
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Q: 2. Evelyn sells OHP projectors for WSS Tech Products. She is on incremental or graduated commission…
A: Commission refers to the amount or fee paid by the company to its salesperson for the service…
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A: The profit percentage is calculated as profit divided by total cost.
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A: Total sale = $ 16120 Commission upto $ 6000 sale = 9% Commission on sale more than $ 6000 = 14%
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A: The gross earnings are sum of salary and commission.
Q: 5. A. Luna is a sales agent. His official working hours is 8 hours a day, with a monthly salary of…
A: Total compensation is the total amount which an employee receives from his or her employer during…
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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: s salary last month
A: Value of sales $11000 Amount of sales over $5000 = $11000 - $5000 (A) $6000 Rate of commission…
Q: ClipClop record in connection with the April sale? $7,680 $20,000 $0 because ClipClop does not know…
A: As per relevant standard if the entity believes that it is probable that a discount will be provided…
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A: The gross earnings of the employees represent the total income before accounting for any deductions…
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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: 1. Ben Landis. Used car salesperson. Minimum weekly salary is $140. Rate of commission is 2.5%.…
A: Gross pay is defined as the aggregate earnings of the individual through out the period or year…
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an…
A: Gross pay refers to the payment without the consideration of tax. The gross pay of an individual…
Q: A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for…
A: Gross pay is defined as the aggregate earnings of the individual through out the period or year…
Q: A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on…
A: Total income of sales engineer includes salary and commission on sales. The sales target is Php…
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A:
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: 10. You are paid a commission plus $5.40 per hour with time-and-a-half overtime for all hours more…
A: Day Number of hours (A) Over time hours (B=A-8) Overtime pay (C=B*1.5*5.4) Normal hour pay (D=…
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A: Income Statement - This statement shows the income earned and loss incurred by the organization in…
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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- Betsy's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Betsy pays salaries each month of $1,300 and her store rent is $1,000 per month. She also pays sales commissions of 5% of the sales price. In May, 140 gift baskets were sold. Required: a. Prepare a traditional income statement for the month of May. b. Prepare a contributio7. Willis Vogal sells for Harvey's King-Size Clothes. He is guaranteed $3.20 per hour or 2.5% of his total sales, whichever is greater. During a biweekly pay period, he worked 79 hours and had sales totaling $6954. a. Find his total hourly earnings and his commission. b. What was his gross pay?6. Roman Zapata sells electrical fixtures for The Lighting Center. He is guaranteed a salary of $560 a month or 11% of his total sales, whichever is greater. What is his gross pay for a month in which his total sales were $8975? Willis Vooal sells for Hervev's K Cize -UurGirālnieed $3.20 pernour pemod he workec
- 3. Gloria Windsor is a salesperson in the toy department at Morris. She is guaranteed a minimum salary of $195 per week, or 5.5% of her total sales, whichever is greater. What is her gross pay for a week in which her total sales were $2550? 4. Alan Tolferd is a salesclerk in the shoe department at-Clsmith's. IHe is guaran- teec e minimum celeerof $145 prer week or 0.0% cemmission en WINGI S --.More C2240?2. Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250. Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pây?4. Alan Tolford is a salesclerk in the shoe department at Goldsmith's. He is guaran- teed a minimum salary of $145 per week or 6.5% commission on all sales. What is his gross pay for a week in which his total sales were $2240? P velvAVwalieisoi seis COsmetics for Final Touch Inc She is guaranteed a salary of oreator Wiatis her oross pay month a %6 of heri
- 7. ALGEBRA Tobias Gold sells computers al The Office Center. He is guaranteed a minimum salary of $1,959 per month plus 6.3 commISSIon on total sales. Ilo much in total sales does he need in order to have a gross pay for the month of $2,78184?2. Richard Lenz receives 35-cammission for selling cleaning supplies. What is his commission on sales of $122,591? Hight 3. Yo Commmu of the selliftg pricO VI Or What jotalConsider the following transaction: On February 15, Darling Dolls sells 110 dolls with a sales price of $15 per doll to Rosemary Cummings The cost to Darling Dolls is $5 per doll. Prepare a journal entry under each of the following conditions. Assume Gentry charges a 3.5% fee for each sales transaction using its card. A. Payment is made using a credit, in-house account. B. Payment is made using a Gentry credit card.
- Canary Lawnmowers sold 70 lawnmower parts at $5.00 per part to a customer on December 4 with a cost to Canary of $3.00 per part. Terms of the sale are 5/10, n/25, invoice dated December 4. The customer pays their account in full on December 16. On December 21, the customer discovers 22 of the parts are the wrong size but decides to keep them after Canary gives them an allowance of $1.00 per part. Record the journal entries to recognize these transactions for Canary Lawnmowers.Q. #6. Michelle bought belts for her boutique at a cost of $27.00 each. The belts were marked up so that operating expenses were 30% of the cost and profit was 25% of the cost. During her annual spring sale, eleven belts remained unsold, and Michelle reduced the price to $29.99 each. What was the rate of markdown for the belts during the spring sale? What is the profit or loss on the sale of the belts during the spring sale? I Q. #7. What rate of interest is earned on a non-redeemable term deposit that grows from $5000.00 to $5403.75 in 3 months?5. Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first $1,500 in sales during the week and 10% on all sales over $1,500. What is her commission in a week during which she sells $7,500 worth of closet organization systems? 6. Jasper HesIS Tarm chemis A mission of sales durm o -- .Month in which te has Sures w Miguol ill Companies, Inc. All rights reserved.