5. Audrey Sanders sells closet organization systems. She is paid a commissionof 5.14% of her first $1,500in sales during the week and 10% on all sales over$1,500. What is her commission in a week during which she sells $7,500worthof closet organization systems?6. Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first$6,000 in sales during the month and 14% on all sales over $6,000. What is hiscommission in a month in which he has sales worth $16,120?7. Miguel Valdez sells appliances. He is paid an 8% commission on the first$5,000 worth of sales, 10% on the next $5,500, and 15% on all sales over$10,500. What is his commission on $14,910 worth of sales?8. Cho Sasaki demonstrates microwave ovens at the National Home Show. Sheis paid $7 for each of the first 7 demonstrations and $11 for eachdemonstration over 7. What is her commission for a day in which she makes12 demonstrations?9. You are the sales manager for Solar Panel Company. You receive acommission based on the total sales of all the salespeople you manage. Yourcommission is 2% of the first $80,000 of sales, 4% of the next $80,000, and 5%of all sales over $160,000. What is your commission for a month in which yoursalespeople sold $242,100 in solar panels?שן561ool82

Answered: Image /qna-images/answer/5f7aa09a-d7ea-4b36-92cf-064a704d1a73.jpg

Answered: 5. Audrey Sanders sells closet…

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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It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $16,000 a month rent for his factory and store, and also pays $81,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? Question 30 options: $45,175 $278,000 $323,175 $232,825
Marwik Pianos. Inc purchases pianos from a large manufacturer for an average cost of $1,482 per unit and then sells them to retail Customers for an average price or S2,100 each. The company's selling and administrative costs for a typical month are presented below Costs Cost Formuala Selling $965 per month Advertising $4,793 per month plus 5% of Sales Sales Salaries and commissions $57 per piano sold Delivery of Pianos to customers $670 per month Utilities $4,903 per month Depreciaiton of Sales Facilities Administrative Executive Salaries $13,506 per month Insurance $701 per month Clerical $2,480 per month,plus $ 37 per piano sold Depreciation of Office Equipment $916 per month During August, Marvik Pianos sold and delivered 63 pianos. Prepare Traditional Income Statement and also prepare contribution format income statement for cost(Show costs and revenues on both a total and a per unit basis down through contribution margin)
These salespeople are paid a minimum monthly salary or commission, whichever is greater. Find the monthly commission and gross pay. # Salesperson 15 Moser 16 Zinn 17 Schwartz 18 Flores 19 Barksdale Minimum Monthly Salary $2,100 1600 3140 850 3410 Total X Commission Monthly Rate Sales $28,000 23000 31000 10000 29100 X X X X X 8.0% 6.5% 9.25% 3.5% 12.1% = Monthly Commission Gross Pay
Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $28,000 and has already received a draw of $766.15, how much commission is still owed to Mary? Level Sales volume Commission Rate 1 $0-11,700 3.1% 2 $11,700-21,200 4.3% 3 Over $21,200 4.9% Need Help? Read It Watch It Master it Submit Answer 4. [0/1 Points]' DETAILS MY NOTES BRECMBC9 9.1.028. PREVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER Jerry King is a server in a restaurant that pays a salary of $28 per day. He also averages tips of 18% of his total gross food orders. Last week he worked 6 days and had total food orders of $2,962.50. What was his total gross pay for the week (in $)? x Need Help? Read It Submit Answer
Sadia sells car first aid kits by mail order. The cost to her of each kit purchased from the manufacturer is £12.50. Her selling price per kit is £18.25. At the beginning of August 20X1 she has 180 kits in inventory. She sells 250 kits during August 20X1 and has 153 left in inventory at the end of the month. What is Sadia’s gross profit for the month of August 20X1? A. £1 437.50 B. £4 562.50 C. £1 282.25 D. £2 787.50
Jenn Lynn sells college textbooks on commission. She gets 6% on the first $7000 of sales, 12% on the next $7000 of sales, and 16% on sales over $14,000. In July of 1997 Jenn's sales total was $18,000. What was Jenn's gross commission for July 1997?
3. February, a retail shop purchased golf clubs for $497 per set. The original markup was 35% based on cost. In April, the shop took a 23% markdown by having a special sale. After two weeks, the sale was over and the clubs were marked up 10%. In June, the shop offered a storewide sale of 16% off all merchandise, and in September, a final 11% markdown was taken on the clubs. What was the final selling price of the golf clubs? 4 The original price of shoes is $121.12. If the sale price is $113.05, how much is the markdown? Round off answer to the nearest centavo.
David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the first $20,000, 6% on sales from 20,000 to 70,000, 8.5% commission on sales from $70,000 to 100,000, and 10% commission on sales over $100,000. David had sales of $82,000. His commission is:
Samuel Worthy earns both $8.10/hour and a 14% commission on all sales. During the most recent week, he worked 41 hours and made total sales of $12,000.

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