Guided Question:1. David is paid a monthly salary of P12,000 and earns a commission of4% in sales. If he sold a total amount of P80,000 during the month, howmuch is his gross pay?2. Haidee makes money by commission rates. She gets 15% of everythingshe sells. If Haidee sold P23,000 worth of item this month, what is hertotal salary for the month?3. Maine makes a base monthly salary of P9,000 and gets 10% of everythingshe sells. If Maine got a total salary of P12,000 for the month, how muchis the worth of items did she sell?

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Answered: 1. David is paid a monthly salary of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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
5. Mike Lasueze is a salesperson in the appliance department at Wicklow Appliance Inc. He is guaranteed a minimum salary of $220 per week or 5.5% of his total sales, whichever is greater. What is his gross pay for a week in which his total sales were $8,400?
1. John works at a computer outlet. He receives a weekly salary of $300 plus 5% commission on his sales. Last week, he sold $35,200 of computer equipment. How much did John earn last week? 2. Rachel sells internet subscriptions by telephone. She receives 12% of the first $800 and 16% on the balance over $800. Lastmonth, she sold $9,500 worth of internet access subscriptions. What was her commission for last month? can you answer both give thumbs up
Please answer the following
Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 112112 times her regular rate of pay? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)
3. Ben is paid a monthly salary of 41,500 pesos and has a monthly quota of 75,000 pesos. His sales for January, February, and March are 85,000 pesos, 55,000 pesos, and 125,000 pesos, respectively. If the company pays him 7% for all sales in excess of his quota, how much is his total gross income for that three month period?
5. Kane Flakes had gross earnings of $294.30 for last week. Scott earns a base salary of $150.00 on a weekly quota of $4500.00. If his sales for the week were $6424.00, what is his commission rate?
Jay woks as a salesman for a software company. This month, his sales amount to 450,000 pesos. How much is his total commission if: a) he is paid 11% of his sales? b) each unit costs 3,750 pesos and he receives 425 pesos for each unit sold? c) he is paid 6% of sales up to 200,000 pesos, 13% of the next 150,000 pesos, and 19% of sales beyond 350,000 pesos?
Ann earns a salary of 150 RO a week and a commission of 7 % on sales. If Ann's sales for one week were 6890 RO, what is her total weekly earnings? Select one: a. 160.5 O b. 632.3 O c. 492.8 O d. 482.3
Take me to the text Jaclyn earns a salary of $50,000 per year and is paid semi-monthly. The current CPP rate is 5.45%, the current El rate is 1.58% and her income tax rate is 20%. Calculate her net pay for each semi-monthly pay period. Properly account for the $3,500 exemption Do not enter dollar signs or commas in the input boxes. Use the negative sign for values that must be subtracted. Round your answers to 2 decimal places. Gross Pay $2083.33 Canada Pension Plan $ Employment Insurance $ x Income Tax $-416.67 Net Pay X Check Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button.
Len-Len is a saleslady who has a monthly salary of ₱22,500. Her total sales for the month amount to ₱65,000. How much is her GROSS INCOME for the month: a) if each product costs ₱520 and he is paid ₱46 for each product he sold? b) if she is paid 8% of sales up to ₱50,000, 12% of the next ₱30,000.00 and 15% of sales beyond ₱80,000.00?
Grainne is an inside saleperson who earns an annual salary of $32800(paid biweekly) plus commission on quarterly sales that is paid on the first pay date on the next quarter. She receives a 1% commission for quarterly sales totaling $0 to $25000, a 2% commission for quarterly sales totaling between $25,001 and $50,000, and a 3% commission for quartlerly sales totaling ovet $50,001. During the second quarter, Grainne's quarerly sales totaled $46,750. What is her gross pay for the first pay period in July? ( do not roud intermediate calculations. Round you answer to 2 decimal places.)

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