A certain man works in sales and earns a base salary of $1100 per month plus 6% of his total sales for the month. (a) Explain why his total monthly income I is a linear function of total sales S, both measured in dollars. The change in I is always the same, dollar increase , for a 1 dollar increase in S. (b) How much does he earn if he sells $1400 in merchandise in a month? (Round your answer to the nearest cent.) (c) Write a formula that gives total monthly income I as a linear function of sales S in a month. (Round equation parameters to two decimal places.) I =

A certain man works in sales and earns a base salary of $1100 per month plus 6% of his total sales for the month. (a) Explain why his total monthly income I is a linear function of total sales S, both measured in dollars. The change in I is always the same, dollar increase , for a 1 dollar increase in S. (b) How much does he earn if he sells $1400 in merchandise in a month? (Round your answer to the nearest cent.) (c) Write a formula that gives total monthly income I as a linear function of sales S in a month. (Round equation parameters to two decimal places.) I =

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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A salesman has a basic salary and in addition,receives a commission which is a fixed percentage of his sales volume. When his weekly sales are Br.1000,his total salary is br.400.When his weekly sales are 500.00,his total salary is br.300.Determine his basic salary and his commission percentage and express the relationship between sales and salary in equation form
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…
You are paid a base weekly salary of $362 and earn 6.5% commission on your sales at a furniture store. What is your total earnings for the year if you achieved a total sales of $231, 611.60?
Ann earns a salary of 150 RO a week and a commission of 7 % on sales. If Ann's sales for one week were 6890 RO, what is her total weekly earnings? Select one: a. 160.5 O b. 632.3 O c. 492.8 O d. 482.3
In a certain department store, the monthly salary of a saleslady is partly constant and partly varies with her sales for the month. When the value of her sales for the month is P10,000, her salary for the month is P900. When her salary for the month goes up to P12,000, her monthly salary becomes P1,000. What must be the value of her sales for the month so that her salary for the month will be P2,000? Draw the cash flow diagramwith your solution.
A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?
1. Ben Landis. Used car salesperson. Minimum weekly salary is $140. Rate of commission is 2.5%. Weekly sales are $14,850. What is the commission? What is the gross pay?
2. Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250. Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pây?
A sale's man has a fixed salary of birr 200 a week in addition, he receives a sales commission that is 20%of his total volume of sales. State the relationship between the sales Man's total weekly salary and his sales for the week
Sharon is a manufacturer's representative selling office furniture directly to businesses. She receives a monthly salary of $2000 plus a 2.2% commission on sales exceeding her quota of $150,000 per month. a. What are her earnings for a month in which she has $227,000 in sales? (Round your answer to the nearest cent.) Earnings = b. If her average monthly sales are $235,000, what straight commission rate would generate the same average monthly earnings as her current basis of remuneration? (Round your answer to four decimal places.) Commission rate =
Terry is a salesman who has a monthly salary of 25,000 pesos. His total sales for the month amount to 170,000 pesos. How much is his GROSS INCOME for the month if: a. he is paid 4% of his total sales? b. each product costs 2,125 pesos and he is paid 87 pesos for each product he sold? c. he is paid 3% of sales up to 100,000 pesos, 5% of the next 50,000 pesos, and 7.5% of sales beyond 150,000 pesos? d. if he has a quota of 150,000 pesos and he is paid 36% of all sales in excess of that quota?
Cabrera Accounting pays Shanaya Kapoor $63,480 per year.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 31 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year = Yearly Rate ? Hours per year = Cost per hour = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 18 hours to prepare Clients 123 financial statements? Hours worked ? Rate per hour = Direct Labor Cost =

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