3. Gloria Windsor is a salesperson in the toy department at Morris. She is guaranteeda 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 enWINGI S--.More C2240?

For finding gross pay of the Gloria Windsor we need to compare her minimum salary and salary on the…

Answered: 3. Gloria Windsor is a salesperson in…

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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Shawn, an outside sales representative for Marosh Communications in Caldwell, Idaho, receives a 5 percent commission on all new marketing packages sold within the sales territory. During the week of April 6, there were $9,500 of new subscriptions sold during 40 hours of work. Required: 1. What is Shawn's gross pay? 2. Are the wages subject to minimum wage laws? 1. Gross pay 2. Are the wages subject to minimum wage laws?
1.Jill is paid a yearly salary of $90,000. How does she make per month? 2. A salesman is paid a 6% commission on his net sales. Find his gross wages for the past month if his gross sales totaled $91,568 and he had $5,568 of returns and allowances. 3. A salesman receives a salary of $500 per week plus an 8% commission on all sales in excess of $1,800. What were his wages last week, if gross sales totaled $18,714 and returns were $5,714? Group of answer choices A.$1,481.12 B.$1,981.12 C.$1,040 D.$1,396 4. An auctioneer earns a commission on the total value of the property he sells. If he earns $2,700 on the sale of $18,000 worth of property, at what percentage rate is he paid? Group of answer choices A.0.15% B.15% C.1.5% D.1 1/2% 5. A computer programmer, who is covered by the Fair Labor Standards Act, is paid a salary of $1,260 a week for a normal work week of 35 hours. If she works 42 hours in a week, her gross pay for the week would be Group…
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
Kurt Lopez began work this week for the Jaworski Company. Based on a 5-day workweek, his annual salary is $78,000, and he meets the test of an exempt white-collar employee. Since he started working on Tuesday, his first week's pay would be $1,200. $78,000/52 weeks = Gross pay $1,500 $1,500 × 4/5 = $1,200 Connie Duffy started working for Dexter Company on Thursday of this week. She worked 8 hours on Thursday and 9 hours on Friday. Her annual salary is $57,200, and she is an exempt white-collar employee. Determine her gross pay for her first partial week of work.
Melek Okapi earned $100 for a 40-hour workweek. During that week, Melek also receives tips of $110.00. Complete the statements below. 1. What hourly rate is being paid to Melek? 2. What tip hourly rate is being paid to Melek? 3. How much must the employer pay Melek in addition to her weekly wage?
Pat Donnelly earns $8.00 per hour. last week she worked 38 hours. What is her gross pay?
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?
11. ALGEBRA Fatima Sheroud sells children's clothing for The Grasshopper Shoppe. She is paid weekly on a straight commission of 4% on sales of $5,000.00 or less and 5% on sales in excess of $5,000.00. One week Fatima had a gross pay of $594.50. What were her total sales for that week? nts reserved.
Nicole Smith's yearly salary is $95,500. What is Nicoles Hourly pay if she works 40 hours a week.
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A University of Massachusetts study found that married women who work outside the home do about one hour less of housework per week for every $7500 they earn outside the home. Assume that they hire a housekeeper one time per week for $120; that the $7500 is received in uniform amounts of $625 per month; and, that the housekeeper is paid weekly with these payments made before the $625 is received. What rate of return are they making per week on their “investment” in the housekeeper?
Wendy Epstein, a sales representative, earns an annual salary of $32,700 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 9.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 11.0%. Her total sales for the past year were $290,000. Compute the following amounts: a. The regular annual salary $ b. The commission $ c. The total annual earnings $

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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?