The value must be a number8.The earnings of two employees are given below:Rachel: 7% on all salesGunther: 4% commission on the first $60,000 and 7% on anything over $60,000.How much more does a straight commission employee make than the graduated commissionemployee for sales of $100,000?(2 Points)The value must be a number9.

The commission is a payment received in return for the sales quantity achieved. Straight Commission…

Answered: How much more does a straight…

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

See similar textbooks

Similar questions

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
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…
Guided Question: 1. David is paid a monthly salary of P12,000 and earns a commission of 4% in sales. If he sold a total amount of P80,000 during the month, how much is his gross pay? 2. Haidee makes money by commission rates. She gets 15% of everything she sells. If Haidee sold P23,000 worth of item this month, what is her total salary for the month? 3. Maine makes a base monthly salary of P9,000 and gets 10% of everything she sells. If Maine got a total salary of P12,000 for the month, how much is the worth of items did she sell?
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 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?
answer number 1 only.
please solve both questions within 30 minutes. with detailed explanations.
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?
The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume CommissionRate 1 9,100–17,600 4.1% 2 Over 17,600 5% a) $2,926.60 b) $3,026.60 c) $3,126.60 d) $3,226.60
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?
4. Christine is a sales representative of Matibay Mnfg Co. Compute her monthly gross earnings for each the following commission arrangement: (each arrangement is independent with each other) a) She receives 20% commission on all of her sales. For the month of May, her total sales is P 16,000. b) Assuming she is a sales supervisor, she receives a 15% commission on her sales plus 5% on the 5 representatives' total sales. For the month of May, her sales amounted to P50,000 and the 5 representatives sold P160,000. c) She receives 10% commission for her first P20,000 worth of sales and 20% % of sales in excess of P20,000. During the month of May, her sales amounted to P60,000. d) She receives a monthly salary of P9,700 plus 8% commission on her monthly sales. For the month of May, her total sales amounted to P48,000.
Joy is paid a straight commission of 10% on his total amount of sales. If her total sales for the month amounted to $300,000.00. How much is her commission

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

How much more does a straight commission employee make than the graduated commission employee for sales of $100,000?