7. Miguel Valdez sells appliances. He is paid an 8% commission onthe 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 $14,910worth of sales?Cho Casaki demonstrates microwave ovens at the Nationalome Show. She is pan-CHSLdOMonstrationsCommission for a day in ware:he makes 12 denonstrations?

8% Commission on Sales of first 5000 10% of Commission on next 5500 15% Commission on sales over…

Answered: 7. Miguel Valdez sells appliances. He…

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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Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?
For Problems 9-13, determine the (a) total selling price, (b) sales tax, and (c) total purchase price. 9. Goldie Esparza buys 4 paper lanterns at $14.95 each, 2 piñatas for $19.95, and 2 strings of white lights at $19.99 each. The sales tax rate is 4%. 10. Norma Engel buys an inflatable canoe for $194.94, 2 paddles for $44.95, and 9 energy bars at $0.89 each. The sales tax rate is 5.5%. 11. Nicole Burley purchases 6 quarts of motor oil at $1.79 per quart, 8 spark plugs at 4 for $7.99,2 wiper blades at $13.99 each, 4 packs of polishing rags at 2 for $3.99, a can of polish for $7.55, and an oil filter for $5.99 in Cleveland, Ohio, where the sales tax rate is 7.5%. 12. Ralph Chang purchases a scanner for $85.85, 12 boxes of toner at $14.55 cach, 24 ballpoint pens at $1.14 each, 2 boxes of memo pads at $4.19 a box, 12 report covers at $2.89 each, and an extension cord for $25.95 at Ned's Office Store in Los Angeles. The sales tax rate is 8.25%. 13. Gavin Franks purchases a digital camera…
Ay 1. Please show me the step by step and the formula Question 1: Keri Weinberg earns both $10/hour, $10 for every sale of Product A, and $14 for every sale of Product B. During the most recent week, she worked 54 hours and sold 26 units of Product A and 41 units of Product B. Question 2: Samuel Worthy earns both $7.25/hour and a 10% commission on all sales. During the most recent week, he worked 42 hours and made total sales of $11,000.
Lee Company pays its employees on a graduated commission scale: 6% on the first $40,000 sales, 7% on sales from $40,001 to $80,000, and 13% on sales of more than $80,000. May West, an employee of Lee, has $230,000 in sales. What commission did May earn? Answer is complete but not entirely correct. Commission earned 1,750
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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…
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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
29. A salesman gets P10,000 commission on a sale of a certain item. This amount raised his average commission by P1,100. If his new average commission is P4,500, what is his total commission? DES 8 Indo A. P31000 C. P25000 P27000 ar 68 8 jaal zit ni soyoni al 25m B. P29000 D. paibuloni (2x AVOY
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
George is car salesman and earns a 5% commission how much commission will be earn if he sells 4 cars at the following prices? $27,800 $31,600 $33,900 $41,200
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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?