11. Use the same information in MC 10. How much should the sales manager and each sales agent receive respectively, if the sales manager gets 15% and each sales agent gets 10% of profit after bonuses but before income taxes? * O a. P857,143 and P571,428 O b. P518,519 and P518,518 O c. P222,222 and P148,148 O d. P195,000 and P130,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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10. MY MEDALS ARE SHOOKT
ENTERPRISE distributes annual
bonuses to its sales manager
and two sales agents. The
company reported
P2,000,000 profit for 2019
before bonuses and taxes.
Income taxes average 30%.
Transcribed Image Text:10. MY MEDALS ARE SHOOKT ENTERPRISE distributes annual bonuses to its sales manager and two sales agents. The company reported P2,000,000 profit for 2019 before bonuses and taxes. Income taxes average 30%.
11. Use the same information in
MC 10. How much should the
sales manager and each sales
agent receive respectively, if
the sales manager gets 15%
and each sales agent gets 10%
of profit after bonuses but
before income taxes? *
a. P857,143 and P571,428
O b. P518,519 and P518,518
c. P222,222 and P148,148
O d. P195,000 and P130,000
Transcribed Image Text:11. Use the same information in MC 10. How much should the sales manager and each sales agent receive respectively, if the sales manager gets 15% and each sales agent gets 10% of profit after bonuses but before income taxes? * a. P857,143 and P571,428 O b. P518,519 and P518,518 c. P222,222 and P148,148 O d. P195,000 and P130,000
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