11. Manfred is considering job offers of the same type of sales position from two retailers withsimilar product lines:●Supreme Audio & Video is offering a base salary of $2000 per month plus a 4% commissionrate on sales.●Buy-Right Electronics will pay a base salary of $1500 per month plus commission rates of3% on the first $25,000 of sales and 6% on additional sales in a month.Based on past experience in similar sales positions, Manfred is confident he can attainaverage monthly sales of $55,000. At this level of sales, what would be his average grossearnings per month from each retailer?12. A shoe salesman is paid the greater of $600 per week or 11% of sales.a. What are his earnings for a week in which sales are $5636?b. At what volume of sales per week will he start to earn more from the commission-basedcompensation?13. Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first$50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all further sales. What arehis gross earnings for a month in which he sells $140,000 worth of mutual funds?

“Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: 11. Manfred is considering job offers…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

On February 23, 2011 Matthew Wald blogged in The New York Times that, “a car buyer who lays out an extra $6,200 to buy the hybrid version of the Lexus RX will get the money back in gas savings within five years, according to Consumer Reports magazine, but only if gasoline averages $8.77 a gallon. Otherwise, the nonhybrid RX 350 is a better buy than the Hybrid 450h, the magazine says.”Wald notices that the study assumes:▪ The car will be driven 12,000 miles a year.▪ Gas will cost $2.80 a gallon.▪ The hybrid gets 26 miles per gallon while the nonhybrid gets 21.(a) Show that the computation is wrong—that at $8.77 per gallon of gas you can’t save $6,200 in 60,000 miles of driving.(b) Show that you can save that much with that much driving if gas costs $8.77 per gallon more than $2.80 per gallon.
If a company has excess capacity, it is contemplating whether a special order should be accepted. The order will not impact regular sales. If the company accepts the special order, what will occur? O Both fixed and variable costs will increase. Net income will increase if the special sales price per unit exceeds the unit variable costs. There are no incremental revenues. Incremental costs will not be affected.
iz: Sp X Sy -54.7*(-70/3 M Your one-tin C Chegg Searo landcc.instructure.com/cours... R Forks Over Knives... N NutritionFacts.org |.. O JDM I FOREVER recidivism Christian's monthly payments for his new trailer are $405 per month. He estimates that maintenance and insurance costs him $0.45 per mile. Hence, the cost equation monthly will be C(m) = 0.45m + 405 , for C monthly cost in dollars and m the number of miles driven that month. What is Christian's monthly cost if he drives 1430 miles in a month? O $1048.50 O $1835.45 O $2277.78 $1612.25 O $1025.00 SHARE
Teal Inc., manufactures ice tea and would like to increase its market share in the North. In order to do so, Teal has decided to locate a new factory in the Cedar Rapid area. Teal will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three buildings: Building A: Purchase for a cash price of $1,533,000, useful life 26 years. Building B: Lease for 26 years with annual lease payments of $126,000 being made at the beginning of the year. Building C: Purchase for $1,965,000 cash. This building is larger than needed; however, the excess space can be sublet for 26 years at a net annual rental of $20,700. Rental payments will be received at the end of each year. Teal Inc. has no aversion to being a landlord. Click here to view factor tables In which building would you recommend that Teal Inc. locate, assuming a 12% cost of funds? (Round factor values to 5 decimal places, e.g. 1.25124 and…
Sandhill Company completes and transfers out 13,720 units and has 1,960 units of ending work in process that are 25% complete as to conversion costs. Materials are entered at the beginning of the process, and there is no beginning work in process. Assuming unit. materials costs of $3 and unit conversion costs of $5 , what are the costs to be assigned to units (a) completed and transferred out and (b) in ending workingrocess?
You are the VP, Advertising for “Yo’ Mama” brand, a fashion label that caters to the young, trendy crowd with an urban, hip-hop image. While your customer base has traditionally been largely African-American, you have recognized a tremendous influx of Hispanic consumers into your market. You are preparing for next week’s annual budget meetings and you have decided to recommend an Hispanic-focused advertising campaign if the average monthly per store sales to Hispanic customers are at least the same as the average monthly per store sales to African-American customers in a sample of typical stores (sales data given below). Using an alpha of .05 and the 5-step hypothesis testing process, what will you recommend? Hint: Think about how many data points you actually have.
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to receive a base fee of $4,400 for his services in addition to a bonus depending on when the project is completed. Nolan created incentives for Bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. Nolan offered to pay an additional 20% of the base fee if the project finished 2 weeks early and 15% if the project finished a week early. The probability of finishing 2 weeks early is 20% and the probability of finishing a week early is 65%. What is the expected transaction price with variable consideration estimated as the expected value? Multiple Choice $5,005 $4,180 $5,862 $4,400
ABC enters into a contract to help DEF, a ramen restaurantto design a market strategy to compete with DEF. The contract spans twelve month. DEF will pay P80,000 at the beginning of each month. At the end of the contract, ABC either will give DEF a refund of P25,000 or will be entitled to an additional P15,000 bonus, depending on whether sales at DEF at year- end increased to a target level. At the inception of the contract , ABC estimates a 30% chance that it will not earn the bonus and calculates the contract price based on the expected value of future payments to be received. At the start of the fifth month, circumstances change and ABC revise the probability that it will earn the bonus to 80% What is the adjustment to the service revenue ?

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS