yearly salary. One method pays $35,000 plus a bonus of 3% of position with your choice of two methods of determining ve your yearly sales. The other method pays a straight 5% commission on your sales. For what yearly sales amount is it better to choose the first method?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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yearly salary. One method pays $35,000 plus a bonus of 3% of
position with your choice of two methods of determining your
your yearly sales. The other method pays a straight 5%
commission on your sales. For what yearly sales amount is it
better to choose the first method?
or
13. Acid Test Ratio The acid test ratio (or quick ratio)
of a business is the ratio of its liquid assets-cash and securities
plus accounts receivable-to its current liabilities. The minimum
acid test ratio for a financially healthy company is around 1.0, but
the standard varies somewhat from industry to industry. If a
company has $450,000 in cash and securities and has $398,000
in current liabilities, how much does it need to be carrying as
accounts receivable in order to keep its acid test ratio at or
above 1.3?
DEMA
itstiften ui
Teutres à er
felt-tipped
fasermaler
rotuladore
10x (3
Transcribed Image Text:yearly salary. One method pays $35,000 plus a bonus of 3% of position with your choice of two methods of determining your your yearly sales. The other method pays a straight 5% commission on your sales. For what yearly sales amount is it better to choose the first method? or 13. Acid Test Ratio The acid test ratio (or quick ratio) of a business is the ratio of its liquid assets-cash and securities plus accounts receivable-to its current liabilities. The minimum acid test ratio for a financially healthy company is around 1.0, but the standard varies somewhat from industry to industry. If a company has $450,000 in cash and securities and has $398,000 in current liabilities, how much does it need to be carrying as accounts receivable in order to keep its acid test ratio at or above 1.3? DEMA itstiften ui Teutres à er felt-tipped fasermaler rotuladore 10x (3
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