4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for each the following commission arrangement: (each arrangement is independent with each other) a) She receives 20% commission on all of her sales. For the month of May, her total sales is P 16,000. b) Assuming she is a sales supervisor, she receives a 15% commission on her sales plus 5% on the 5 representatives' total sales. For the month of May, her sales amounted to P50,000 and the 5 representatives sold P160,000. c) She receives 10% commission for her first P20,000 worth of sales and 20%% of sales in excess of P20,000. During the month of May, her sales amounted to P60,000. d) She receives a monthly salary of P9,700 plus 8% commission on her monthly sales. For the month of May, her total sales amounted to P48,000.

4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for each the following commission arrangement: (each arrangement is independent with each other) a) She receives 20% commission on all of her sales. For the month of May, her total sales is P 16,000. b) Assuming she is a sales supervisor, she receives a 15% commission on her sales plus 5% on the 5 representatives' total sales. For the month of May, her sales amounted to P50,000 and the 5 representatives sold P160,000. c) She receives 10% commission for her first P20,000 worth of sales and 20%% of sales in excess of P20,000. During the month of May, her sales amounted to P60,000. d) She receives a monthly salary of P9,700 plus 8% commission on her monthly sales. For the month of May, her total sales amounted to P48,000.

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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