This table shows the amount of commissionearned for a broker receiving 3% commissionon sales. How much would this agent earn incommission for $600,000 in sales?Commission EamedSales (in thousands of S)120240360480600Commission (in thousands ofS367210814.4A. $180,000B. $18,000C. $200D. $20,000

Answered: This table shows the amount of…

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

Complete the following paragraphs : If the common cost ( 450 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 255 000)$. , ( 300 000)$. to the R. and the Cost after off point to the (S. ) ( 125 000)$. the value of N.R.V. to the S. ?. * (- 130000 )$ ( 130000)$. ( another option)
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true:a. PT Bumi records the following journals:(D) Accounts Receivable Rp. 110,000,000(K) Sales Rp 100,000,000(K) VAT Out Rp 10,000,000b. PT CBA records the following journals:(D) Accounts Receivable Rp. 110,000,000(K) Sales Rp 100,000,000(K) VAT Out Rp 10,000,000c. PT Bumi records the following journals:(D) Cash Rp. 110,000,000(K) Sales Rp 100,000,000(K) VAT Out Rp 10,000,000d. PT CBA records the following journals:(D) Cash Rp. 110,000,000(K) Sales…
The following are information for XYZ Company: Gross sales - P3,000,000 • Items returned by customers P100,000 Discounts taken by the customers - P250,000 Transportation cost shouldered by XYZ P50,000 How much was the net sales?
SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000
United importers report net income $50,000 and COGS of $300,000. If the company’s gross profit rate was 40%, net sales werea. $500,000b. $750,000c. $83,000d. $550,000
3. Ms. Raheema purchases goods with a list price of RO 30,000. The supplier offers a 10 % trade discount, and a 2 ½ % cash discount for payment within 10 days. Required: a) Calculate the amount Ms. Raheema will have to pay if it delays longer than 10 days before paying. b) Calculate the amount Ms. Raheema will pay if it pays within 10 days.
Ron Company has the following commission schedule: Commission rate Sales 2 % Up to $80,000 3.5 % Excess of $80,000 to $100,000 4 % More than $100,000 Calculate the gross earning. Employee Total Sales Gross Earnings Lauren Cleaves $ 143,000
If a business had sales of $3,814,000 and a margin of safety of 20%, the break-even point was Oa. $4,576,800 Ob. $762,800 Oc. $6,865,200 Od. $3,051,200
Next Question Natalie Brody is a trainee insurance salesperson. She is paid a base salary of $431 a we commission of 1.2% on sales in excess of $25,000. Natalie had sales of $21,750 in the week of 5/12. 0.7% on sales above $15,000 up to $25,000, and a What were Natalie's gross earnings for the week of 5/12?
D.Insert a column called percentage contribution in an appropriate area of the spreadsheet, to display the total contribution to overall sales by each salesperson. The answer is to be formatted as percentage. e.Company policy dictates that all sales volumes exceeding nine million ($8,000, 000.00) but not exceeding ten million ($10, 000, 000.00) should receive an incentive of US $700.00, otherwise they should receive US $200.00. In an appropriate area of the spreadsheet create a heading called Special Incentive 1 and make the necessary calculations using the necessary function f.Company policy also dictates that all sales volumes exceeding ten million ($10,000, 000.00) but less than or equal to twelve million ($12, 000, 000.00) should receive a trip to any Air Jamaica destination, otherwise they should not receive a trip. In an appropriate area of the spreadsheet create a heading called Special Incentive 2 and make the necessary calculations using the necessary function
based on the attached what is the answer?
If Shoppers Drug Mart, in the Province of Alberta, accepts a $20 reimbursable coupon from a customer and the coupon is deducted from the customer purchase of $100 before HST/GST, the HST/GST collected on this purchase is? $4 $10.40 $13 $5

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