Draw the cash flow diagram with your solution. 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

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 15M
icon
Related questions
Question

Draw the cash flow diagram with your solution.

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?

Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

Blurred answer
Knowledge Booster
Capital Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning