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Author Question: A free-lance sales representative is independent and gets paid on a commission-only basis. She earns ... (Read 87 times)

nelaaney

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on: Jun 24, 2018
A free-lance sales representative is independent and gets paid on a commission-only basis. She earns a 5 commission on monthly sales up to 35,000 . 6 on monthly sales between 35,00 . and 75,000 . and 7 on monthly sales over 75,00 . . Determine her commission for a month when sales were 106,450.

Question 2

The balance sheet of Food Products, Inc showed owners' equity of 200,00 . in 200 . and 320,00 . in 200 . . Compute the percentage of increase in owners' equity. (Round answer to one decimal place.)


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briezy

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Reply #1 on: Jun 24, 2018
Answer to Question 1

106,450 - 75,00 . = 31,450; 35,00 .  0.05 = 1,750;
40,00 .  0.06 = 2,400.00 . 31,450  0.07 = 2,201.50;
1,750.00 + 2,400.00 + 2,201.50 = 6,351.50

Answer to Question 2

60


nelaaney

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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