A. Solve the following problems and show your complete solution. 1. Incremental Commission or Graduated Commission Celeste is paid 3.5% commission on the first P12,000; 3.5% on the next P15,000; and 6.5% on all sales over $25,000. Last month, her total sales were P64,000. Find her total commission. HRISTIAN 2. Salary Plus Commission Francis Nicolas is paid a basic salary of P30,000 a month plus 9.5% commission on all sales made. Compute his gross earnings if he made total sales of P195,000. 3. Commission and Bonus Shiela receives a monthly salary of P15,200 plus 2.5% commission on sales which she consumes in excess of P70,000. Find her total earnings in a month when her sales amounted to P145,000. 167 168 4. Commission with Override Yu receive 10% commission on the product he sold plus 2.5% commission of the sales made by representatives under his supervision. If his sales amounted to P28,000 and the

A. Solve the following problems and show your complete solution. 1. Incremental Commission or Graduated Commission Celeste is paid 3.5% commission on the first P12,000; 3.5% on the next P15,000; and 6.5% on all sales over $25,000. Last month, her total sales were P64,000. Find her total commission. HRISTIAN 2. Salary Plus Commission Francis Nicolas is paid a basic salary of P30,000 a month plus 9.5% commission on all sales made. Compute his gross earnings if he made total sales of P195,000. 3. Commission and Bonus Shiela receives a monthly salary of P15,200 plus 2.5% commission on sales which she consumes in excess of P70,000. Find her total earnings in a month when her sales amounted to P145,000. 167 168 4. Commission with Override Yu receive 10% commission on the product he sold plus 2.5% commission of the sales made by representatives under his supervision. If his sales amounted to P28,000 and the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If a saleperson's monthly sales are less than $400, their commission is 5% If a saleperson's monthly sales are between $400 and $750, their commission is 10%. If a salesperson's monthly sales are more than $750, but less than $1000, their commission is 15%. If a saleperson's monthly sales are $1000 or more, their commission is 18.5%. Salesperson Sales Commission Rome $1000 Izzy $750 Drizzy $800 Jay $350 Hint: Commission equals the sales amount*commission Rate)(Excel Nesting IF exercise )
*9. You are the sales manager for the Shockey Solar Panel Company. You receive a commission based on the total sales of all the salespeople you manage. Your commission is 2% of the first $80,000 of sales, 4% on the next $80,000, and 5% on all sales over $160,000. What is your commission for a month in which your sales- people sold $220,000 in solar panels?
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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.
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