Need help with this general accounting question A salesperson earns a base salary of $1,840 permonth and a commission of 7.2% on theamount of sales. If the salesperson has apaycheck of $4,306 for one month, what wasthe amount of sales for the month?

Step 1: Identify the Total Paycheck formulaStep 2: Substitute the known values into the formulaStep…

Answered: A salesperson earns a base salary of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

See similar textbooks

Similar questions

General Accounting
Financial Accounting
Answer this Accounting question
A car salesperson had $85,460 in total monthly sales in September and $74,570 in October. The salesperson earned a total of $3,485 in commission from those sales combined. What is the salesperson's commission as a percent of the total monthly sales? Enter your answer, rounded to the nearest tenth of a percent, in the box. %
A salesperson is paid 10% of all sales plus 6% of all sales over $6500. Find the salesperson's gross pay from sales of $13,460.
A sales manager has 30 sales representatives. She receives a commission on 25% from her own sales and 7% override. During the month of July, she made amounting to â‚± 84, 000 and her representatives made â‚± 212, 020.50, what were her total earnings?
Company C Industries has sales of $6,100, cost of goods sold of $4,100, accounts receivable of $800, and inventory of $600. Approximately how many days does it take the firm to collect payments on sales?
A salesman is paid a base salary of $120 plus a commission rate of 10% of total sales. Calculate income based on $6000 in sales The total salesman compensation is $ (blank)
Jasmin is paid a weekly commission of 6% on net sales of $5000, 9% on the next $4000, and 12.5% on all further sales. Her gross sales for a week were $14 250, and sales returns and allowances were $170. What were her gross earnings for the week? Gross sales $ Less: = = $ Commission: 9% on $4000 Returns = $ Net sales $ Commission: 6% on $5000 Commission: 12.5% on further sales = $ Gross earning = $ = = $
What is the net sales amount?
a. Record Navis, Incorporated's sales for a month at $75,000. The items sold cost $62,500. Navis records sales at the total invoice amount. b. Record the return of $7,500 of the above sales within the 30-day return period. c. Record the receipt of payment on the remainder of the month's sales, assuming that customers purchasing $50,000 took advantage of a 2 percent cash discount for early payment. None of the customers taking advantage of the cash discount were among those that returned their purchases. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the receipt of payment on the remainder of the month's sales, assuming that customers purchasing $50,000 took advantage of a 2 percent cash discount for early payment. None of the customers taking advantage of the cash discount were among those that returned their purchases. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first…
Please help me with this question general Accounting

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

A salesperson earns a base salary of $1,840 per month and a commission of 7.2% on the amount of sales. If the salesperson has a paycheck of $4,306 for one month, what was the amount of sales for the month?