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To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of -% on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men.

To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of -% on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men.

FINANCIAL ACCOUNTING
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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answer number 1 only. 

To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of - % on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men. 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given transportation allowance of P2 000 per month. Compute for the gross earnings of Matt and each of his men.
Transcribed Image Text:To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of - % on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men. 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given transportation allowance of P2 000 per month. Compute for the gross earnings of Matt and each of his men.
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