Sales Commissions Bill was just offered a sales position fora computer company. His salary would be $25,000 per yearplus 1% of his total annual sales.(a) Find a linear function that relates Bill’s annual salary, S,to his total annual sales, x.(b) If Bill’s total annual sales were $1,000,000, what wouldbe Bill’s salary?(c) What would Bill have to sell to earn $100,000?(d) Determine the sales required of Bill for his salary toexceed $150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Sales Commissions Bill was just offered a sales position for
a computer company. His salary would be $25,000 per year
plus 1% of his total annual sales.
(a) Find a linear function that relates Bill’s annual salary, S,
to his total annual sales, x.
(b) If Bill’s total annual sales were $1,000,000, what would
be Bill’s salary?
(c) What would Bill have to sell to earn $100,000?
(d) Determine the sales required of Bill for his salary to
exceed $150,000

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Trade Credit
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
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education