1516171819Mary Robertson sells tires at a large car service center. She earns 10%commission on the first $1,000, 15% on the next $2,000, and 20% onsales of more than $3,000. Last week she sold $3,400 worth of tires.What was her total commission?Jean Gray earns a graduated commission of 4% on her first $2,000 of 16sales and 8% on all sales over $2,000. Jean's sales for the past weektotaled $3,925. What was her commission for the week?Charles Beaudry sells computer hardware for a computermanufacturer. He is paid 4% commission on the first $8,000 of sales,6% on the next $10,000, and 82% on sales over $18,000. What is hiscommission on $24,550 in sales?Tunisia Buehrer sells musical instruments and equipment at Let It Rockin the mall. She earns a commission of 5% on the first $6,000, 71% onthe next $6,000, and 10% on sales over $12,000. Her total sales for themonth are $14,640. What is Tunisia's total commission?15Blake Brown demonstrates cookware at the National Food Fair. He ispaid $7.00 each for the first 10 demonstrations in one day and $8.50 foreach demonstration over 10. What is his commission if Blake makes12 demonstrations in one day?171819

As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

15 Mary Robertson sells tires at a large car service center. She earns 10% commission on the first $1,000, 15% on the next $2,000, and 20% on sales of more than $3,000. Last week she sold $3,400 worth of tires. What was her total commission? 15

15 Mary Robertson sells tires at a large car service center. She earns 10% commission on the first $1,000, 15% on the next $2,000, and 20% on sales of more than $3,000. Last week she sold $3,400 worth of tires. What was her total commission? 15

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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Dhapa
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue $840,000 Variable expenses 630,000 Contribution margin 210,000 Fixed expenses 112,000 Operating income $ 98,000 a.What is FirstCakes' contribution margin per unit? b.What is FirstCakes' monthly breakeven point in units? c.What is FirstCakes' contribution margin ratio? d.What is FirstCakes' monthly breakeven point in sales dollars?
How many units does Eddie the Entrepreneur need to sell to breakeven in a day? He rents a kiosk in the mall for $300 a day. He creates artworks that cost him $47 each in materials and sells them for $100 each. He pays one of his friends $10 an hour to man the booth and he has to pay mall management 3% of his sales. The mall is open daily from 10 am to 8 pm.
3. Gloria Windsor is a salesperson in the toy department at Morris. She is guaranteed a minimum salary of $195 per week, or 5.5% of her total sales, whichever is greater. What is her gross pay for a week in which her total sales were $2550? 4. Alan Tolferd is a salesclerk in the shoe department at-Clsmith's. IHe is guaran- teec e minimum celeerof $145 prer week or 0.0% cemmission en WINGI S --.More C2240?
1. Ben Landis. Used car salesperson. Minimum weekly salary is $140. Rate of commission is 2.5%. Weekly sales are $14,850. What is the commission? What is the gross pay?
C. W. McCall sells a goldplated souvenir mug; McCall expects to sell 1,400 units for $35 each to earn a $15 contribution margin per unit. Janice McCall, president, expects the year’s total market to be 35,000 units. For the year just completed, the local college won the national hockey championship, and as a result, the total actual market was 150,000 units. C. W. McCall sold 3,000 units and calculates sales variances using contribution margin. What is the firm’s sales volume variance?
pvn.5
Assume Rajan Manufacturing Ltd makes sports vest for local soccer, baseball, basketball, and other sports teams. Rajan, the owner, purchases the vests and prints graphics on the vests for each team. The graphics were designed several years ago, so design costs are no longer incurred. On average, Rajan sells 1,000 vests each month. Typical monthly financial data is shown below: Per Unit Total Monthly Data at 1,000 Vests Sales revenue $20 $20 000 Variable costs: Direct materials $8 $8 000 Direct labour 2 2 000 Manufacturing overhead 3 13 3 000 13 000 Contribution margin $ 7 $ 7 000 Fixed costs (rent, salaries, etc.) 4 000 Profit $ 3 000 The monthly information provided relates to the company’s routine monthly operations. A representative of the local university recently approached Rajan to ask about a one-time special order. The university will be hosting a state-wide soccer event and is willing to pay Rajan’s Manufacturing $17 per shirt to make 200 custom vests for…
pvn.5
Three years ago, Dorothy Taylor started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Dorothy sells the baskets for $33 each, and her variable costs are $23 per basket. She incurs $11,600 in fixed costs each year. (a) How many baskets will Dorothy have to sell this year if she wants to earn $28,000 in operating income? (Round answer to O decimal places, eg. 5,275) baskets
Assume Rajan Manufacturing Ltd makes sports vest for local soccer, baseball, basketball, and other sports teams. Rajan, the owner, purchases the vests and prints graphics on the vests for each team. The graphics were designed several years ago, so design costs are no longer incurred. On average, Rajan sells 1,000 vests each month. Typical monthly financial data is shown below: Per Unit Total Monthly Data at 1,000 Vests Sales revenue $20 $20 000 Variable costs: Direct materials $8 $8 000 Direct labour 2 2 000 Manufacturing overhead 3 13 3 000 13 000 Contribution margin $ 7 $ 7 000 Fixed costs (rent, salaries, etc.) 4 000 Profit $ 3 000 The monthly information provided relates to the company’s routine monthly operations. A representative of the local university recently approached Rajan to ask about a one-time special…
5. Ted Axelrod sells appliances for McKenny Appliance Store. He is paid an 8% commission on the first $1000 of sales, 10% on the next $1500, and 15% on all sales over $2500. What is his commission on $3460 in sales? NanELCeMontas demonstrates microwave overs at the National Home Show. She stration over What IS V S Cominissiel ior a cay in wiich she makes 10

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