A car dealership requires that salespeople generate a minimum selling cost of 6.5% to justify their salaries. If a salesperson earns $24,000 per year, how much must they sell to justify their earnings?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 12EB: Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month...
icon
Related questions
Question
100%

financial accounting

A car dealership requires that salespeople generate a
minimum selling cost of 6.5% to justify their salaries. If a
salesperson earns $24,000 per year, how much must they
sell to justify their earnings?
Transcribed Image Text:A car dealership requires that salespeople generate a minimum selling cost of 6.5% to justify their salaries. If a salesperson earns $24,000 per year, how much must they sell to justify their earnings?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College