**Q.2: Compute the total commission for the following commission payment plan.****Graduated Commission Rates:**- 3% on sales to $25,000- 5% from $25,000 to $50,000- 7% on sales above $50,000**Sales:** $84,000 **Commission:** ________**Explanation:**To compute the total commission, apply the graduated rates to the relevant sales brackets:1. **Sales up to $25,000:** - Commission = 3% of $25,0002. **Sales from $25,000 to $50,000:** - Commission = 5% of $25,000 (which is $50,000 - $25,000)3. **Sales above $50,000:** - Commission = 7% of $34,000 (which is $84,000 - $50,000)Add these amounts to find the total commission.

The sales revenue indicates the income generated by selling the product in the competitive market.…

Q.2, Compute the total commission for the following commission payment plan. Graduated Commission Rates 3% on sales to $25,000 5% from $25,000 to $50,000 7% on sales above $50,000 Sales $84,000 Commission

Q.2, Compute the total commission for the following commission payment plan. Graduated Commission Rates 3% on sales to $25,000 5% from $25,000 to $50,000 7% on sales above $50,000 Sales $84,000 Commission

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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Q.23.
nkt.2
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