answer number 2 only with complete solution To test and assess what you have learned from this module, let us now compute the following.1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commissionon his own sales of 2%, and an override of - % on his men's sales. His men are entitledto 4-% commission on their own sales plus a basic monthly pay of P8 600 andtransportation allowance of P1 200. Engelbert is also entitled to transportation andrepresentation allowance of P1 500 a month. For the past month, Engelbert has totalsales of P385 360 while his men sold as follows:Homer, P254 125Pacifico, P88 194Oliver, P128 460Edward, P99 295Compute for the gross earnings of Engelbert and each of his men.2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is givencommission of 2.5% on his own sales and an override of 0.5% on his men's sales. Hismen are entitled to a 3.75% commission on their own sales and a basic semi-monthlysalary of P4 000. Matt and his men are given transportation allowance of P2 000 permonth. Compute for the gross earnings of Matt and each of his men.

The gross earnings of the employees represent the total income before accounting for any deductions…

2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given transportation allowance of P2 000 per month. Compute for the gross earnings of Matt and each of his men.

2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given transportation allowance of P2 000 per month. Compute for the gross earnings of Matt and each of his men.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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