Harley Dickerson sells industrial paper products and earns a 4 ...

[dmcintosh]

Harley Dickerson sells industrial paper products and earns a 4 commission on all sales. Harley earns a 2 bonus on sales that exceed 40,00 . during a month. An additional 1 bonus is earned on any sales that exceed 90,00 . . Calculate Harley's commission for a month on sales of 95,800.

Question 2

The Moose Hardware Company had ending inventory of 124,300 this year, ending inventory of 142,00 . last year, and 315,00 . as cost of goods sold. Compute the inventory turnover rate.

[missalyssa26]

Answer to Question 1

95,800 - 40,00 . = 55,800 . 95,800 - 90,00 . = 5,800;
95,800  0.04 = 3,832; 55,800  0.02 = 1,116;
5,800  0.01 = 58; 3,832 + 1,116 + 58 = 5,006

Answer to Question 2

2.37

[dmcintosh]

Thanks for the timely response, appreciate it

[nanny]

Excellent