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Author Question: An employment agency is seeking a newspaper advertising salesperson. The monthly pay is 2,500 salary ... (Read 110 times)

storky111

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on: Jun 24, 2018
An employment agency is seeking a newspaper advertising salesperson. The monthly pay is 2,500 salary plus a 2.5 commission on sales up to 60,00 . and 5 on sales over 60,00 . . The advertisement also states that normal sales should usually be at least 75,00 . . What would be the total pay for a person who sold the expected minimum?

Question 2

The Moose Hardware Company had total current assets of 379,090 and total current liabilities of 63,000 . Compute the working capital ratio. (Round answer to two decimal places.)


cassie_ragen

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

75,00 . - 60,00 . = 15,000 . 60,00 .  0.025 = 1,500;
15,00 .  0.05 = 750; 1,500 + 750 + 2,500 = 4,750

Answer to Question 2

6.02:1


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