« previous next »

Author Question: A salesperson gets paid a salary of 2,150 per month, with a graduated commission plan that pays 2.5 ... (Read 60 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jun 24, 2018
A salesperson gets paid a salary of 2,150 per month, with a graduated commission plan that pays 2.5 on sales up to 40,000 . 3 on sales between 40,00 . and 80,000 . and 3.5 on sales over 80,00 . . Compute the total pay for the salesperson during a month when sales were 106,500.

Question 2

The Moose Hardware Company had accounts receivable of 136,00 . and net sales of 470,000 . Compute the ratio of accounts receivable to net sales. (Round answer to two decimal places.)


trampas

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

106,500 - 80,00 . = 26,500 . 40,00 .  0.025 = 1,000 . 40,00 .  0.03 = 1,200;
26,500  0.035 = 927.50; 2,150 + 1,00 . + 1,200 + 927.50 = 5,277.50

Answer to Question 2

0.29:1


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

The official “Do Not Use” list as issued by The Joint Commission. The official “Do Not Use” list as issued by The Joint Commission.
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
The Five-Highest Paid CEOs The Five-Highest Paid CEOs
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ... What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ...
Sea Star Body Plan Sea Star Body Plan
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library