Barry works at Larry's Computer Outlet. He receives a weekly salary of $310 plus a 3.05% commission based on his sales. Last year, he sold $1,015,092 worth of computer equipment. How much money did Barry earn last year?
Q: Provide answer Accounting questions
A: Step 1: Define Promissory NotesPromissory notes are a type of notes that carry a fixed interest…
Q: I need answer of this question solution general accounting
A: Step 1: Define Actual Manufacturing OverheadThe actual manufacturing overhead cost is the company's…
Q: Hii expert please provide answer please not use chart gpt
A: Step 1: Define Joint CostsJoint costs relate to costs incurred for the production of more than one…
Q: I won't correct answer general accounting
A: Step 1: Define Return on AssetReturn on asset is a profitability ratio that measures the rate of…
Q: What is the division's margin on these general accounting question?
A: Step 1: Define Profit MarginProfit margin is a financial ratio that can be calculated for gross…
Q: Finished Goods Inventory
A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents the direct costs associated…
Q: Can you please give answer the accounting question?
A: Option a: This option is incorrect because it only shows the variable cost. Option b: This option…
Q: What role does completeness verification serve in accounting cycles? a) Partial verification…
A: Explanation of Completeness Verification: Completeness verification is a crucial accounting control…
Q: Don't use ai given answer accounting questions
A: Total Dollar Return = Capital Gain + DividendCapital Gain = Ending Price - Initial Price = $64 - $52…
Q: H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year.…
A: Understand the LCNRV RuleThe LCNRV rule ensures that inventory is reported at the lower value…
Q: General Accounting
A: Step 1: Define Rate of returnThe percentage of net gain or loss in a particular time period over…
Q: Need help with this question solution general accounting
A: Step 1: Define Return on AssetsThe return on assets is one of the several profitability financial…
Q: Do fast answer general accounting
A: Step 1: Define High-Low MethodHigh-Low method is used to determine the variable cost element…
Q: ces Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting…
A: Step 1:a. The cost of goods available for sale is calculated as follows: Units (A)Unit Cost…
Q: Financial accounting
A: When dealing with notes receivable, the interest earned is calculated based on the principal amount,…
Q: Which condition triggers special revenue accounting
A: Explanation of Bill-and-Hold Arrangements: Bill-and-hold arrangements are special sales agreements…
Q: Given the following data:
A: Explanation of Fixed Asset Turnover: Fixed asset turnover is a financial efficiency ratio that…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Shareholders' EquityShareholders' equity is the owner's fund, which is invested by…
Q: GENERAL ACCOUNTING: 5 MARKS CRYSTAL SPRINGS OBSERVATORY TELESCOPE TIME ALLOCATION: RESEARCH: 50% OF…
A: Explanation of Time Allocation: Time allocation is the process of distributing available time among…
Q: I need general accounting question solved
A: Step 1: Define Income SummaryAn income summary is a temporary account that is created by the company…
Q: financial accounting subject of the question
A: Explanation of Composite Measurement Systems:Composite measurement systems integrate various types…
Q: Paxton Company can produce a component of its product that incurs the following costs per unit:…
A: Step 1:In decision making process we consider relevant cost that is variable cost and fixed cost are…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Receivables Turnover RatioThe Ratio shows the ability of the company or organization…
Q: What is the present value of a $1,000 bond provide answer accounting questions
A: Step 1: Calculate the present value of the coupon payments.The bond pays $90 in annual coupon…
Q: Solve this accounting problem
A: Step 1: Define Standard direct material costsStandard direct material costs are the estimated costs…
Q: Hi expert please give me answer general accounting
A: Step 1: Determine the full capacity salesSince the company is operating at 94% of its fixed asset…
Q: Compute the total cash payment due on the note's maturity date on this financial accounting…
A: Step 1: Identify the principalStep 2: Determine the interest rateStep 3: Determine the time…
Q: Provide correct answer general accounting question not use ai...
A: Explanation: In the given case, we are required to calculate product cost per cupcake using…
Q: posted in general account
A: Explanation: In the given case, we are required to calculate the value of ending inventory by…
Q: Don't use ai to get answer it will give you wrong answer
A: Approach to solving the question: Detailed explanation:Here's the step-by-step breakdown: Step 1: We…
Q: General accounting
A: Step 1: Define Fixed AssetsFixed assets form part of the total assets other than the current assets…
Q: Question: The following data pertain to Pesom Corporation's operations: Unit sales Selling price…
A: Step 1: Variable Expense per unit can be calculated by subtracting the contribution margin per unit…
Q: Vanderwaal company uses a standard costing system provide correct answer accounting
A: Step 1: Define Labor Rate Variance:The labor rate alteration measures the comparison with the actual…
Q: Provide correct answer financial accounting
A: Step 1: Define Receivables TurnoverReceivables turnover is the number of times a company converts…
Q: Hii expert please given correct answer this general accounting question
A: Step 1: Define Cash DividendsCash dividends serve as a consistent source of income for equity…
Q: What will be the solvency ratio on these accounting question?
A: Step 1: Define Solvency RatioThe capacity of an organization to pay off its long-term debt and…
Q: I want to correct answer general accounting
A: Step 1: Define Cost of ProductionThe cost of production is the cost that involves both variable and…
Q: Hello tutor provide solution this accounting question
A: Step 1:Under weighted average method of equivalent units calculation , opening inventory completion…
Q: Hello tutor please provide correct answer general accounting question
A: Step 1: Define InvestmentsAn investment account appears on the balance sheet under the non-current…
Q: expert solve it. Subject:- general account
A: Gross income from operations$80,000 Add: Dividend received$60,000 Tentative DRD limit ($60,000 *…
Q: Hi expart Provide correct answer the accounting question
A: Step 1: Define Variable CostingWhen using the variable cost approach, only the variable cost is…
Q: GENERAL ACCOUNT - 65 WHEN THE MARKET VALUE OF INVENTORY ITEMS HAS DECLINED BELOW ITS COST, WHICH…
A: Correct Answer: c. Lower of Cost or Market Explanation:Under Generally Accepted Accounting…
Q: HI help me expert for this account query
A: Step 1: IntroductionTo calculate the value of Moberg Company's inventory under the…
Q: When should modified absorption methods replace traditional costing? a) Overhead allocation needs no…
A: The correct answer is d) Complex overhead structures require special treatment because traditional…
Q: Don't use ai, it will give you wrong answer
A: Question 1Estimated defective units= 5% of units Sold= 400 Units x 5%= 20 UnitsThe Liablity for…
Q: How long?
A: Explanation of Average Inventory:Average inventory represents the typical value of inventory a…
Q: Variable costing is?
A: Total variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead +…
Q: Capaldo Music Center has five CD players on hand at the balance sheet date that cost $400 each. The…
A: Step 1: IntroductionUnder the lower-of-cost-or-market (LCM) rule, inventory is reported on the…
Q: Answer required
A: Step 1:Predetermined overhead rate: Predetermined overhead rate = Estimated total Factory OH cost /…
Q: Need help with this question solution general accounting
A: Step 1: Identify the Given InformationPrincipal amount (P): $560,000Annual interest rate (r): 5%…
Please given answer general accounting
Step by step
Solved in 2 steps
- Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales. One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month?1. John works at a computer outlet. He receives a weekly salary of $300 plus 5% commission on his sales. Last week, he sold $35,200 of computer equipment. How much did John earn last week? 2. Rachel sells internet subscriptions by telephone. She receives 12% of the first $800 and 16% on the balance over $800. Lastmonth, she sold $9,500 worth of internet access subscriptions. What was her commission for last month? can you answer both give thumbs upFrancis works for a local fly fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year, Francis purchased one rod. The rod normally retails for $300, the shop's cost was $225, it was sold to Francis for $250, and the employer's average gross profit percentage is 30 percent. What amount of the discount must be included in Francis' income? $25 $40 $50 0-
- Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?Felix is paid $5,688 per month. He is single and claims two allowances. So far this year he has earned $142,694. What is his net pay for this month? 3. Karl has earned $98,557 so far this year. He is married, claims no allowances, and is paid $3,943 weekly. What is his net pay for the next week? 4. John McDonald is employed by Lee & Sterling. He is married, claims two withholding allowances, and earns $16.97 per hour. He has also chosen to have his union dues ($405 annually) and medical insurance ($5,500 per year, of which his employer pays 70%) deducted from his weekly paycheck. His cumulative gross earnings prior to this paycheck were $7,858.26. This week he worked 49 hours and 45 minutes. The union contract states that time-and-a-half is paid for all hours worked over 38 hours per week. Find all of John McDonald's deductions for this pay period given the information above. Then find John McDonald's net pay for this week.
- Josh is a corporate account manager at a company that sells musical instruments to other businesses. He receives a monthly salary of $1,500 plus commission on any new sales that he makes as part of his daily interactions with his customers. If Josh's sales were $67,000 last month and he earned $3,041, what is his commission rate? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Commission rate = 0.00 %What is Lucy’s net pay? Show all your workTyler's brother earns a commission. He makes 4.5% of the amount he sells. Last week, he sold $700 worth of shoes. How much was his commission?
- What is Tamara's monthly cash inflow of this financial accounting question?Is the following expense deductible: Data runs a computer servicing company. He purchases office supplies like paper, pens, invoice pads, coffee, break room materials, etc, monthly and expends all of them each month. His monthly costs are approximately 800.Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $530,000 and an average tax rate of 33%. She spent $53,000 on ingredients, $26,500 on utilities, and $95,400 to rent the premises. Emily has a few employees and paid them $106,000 in wages in total. She also paid herself a salary of $79,500 and spent $53,000 to pay for employee benefits. A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $26,500 in interest on that loan. Depreciation for the equipment was $15,900. What was operating income (EBIT) for the year? What was net income for the year?