Licensee mike was owed a commission from seller jane. jane has refused to make payment. The recourse licensee mike has is he can seek damages from his broker.
A sales commission is typically an amount paid to an employee upon completion of a task for the sale of a specified quantity of goods or services. Employers sometimes use sales commissions as an incentive to increase employee productivity. Commissions may be paid in addition to or in lieu of salary.
Commission-based compensation benefits employees because they are ultimately in control of their income. In many ways, when a company uses commission payments, it doesn't limit an employee's potential to increase their income. Jobs that typically earn commissions include:
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Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity
Option A
<u>Explanation:
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While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.
Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.
When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.
Display rules indicate such things as when to touch and where, when to smile and when to frown, and whether loud talking and expansive gestures or quietness and controlled movements should be used. All cultures have these and they typically vary even just slightly from one another. These are instilled in us from the beginning and let us know what behavior is acceptable and when. Cultural differences allow people to work together and bounce ideas off of one another, but they most also know how to appropriately interact with different cultures.
Answer with its Explanation:
Transaction 1: The purchase of equipment is increase in the fixed assets and as the amount paid is in cash, the decrease in cash asset will also be with the same amount. This means the net effect on assets will be zero.
Accounting Equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Equipment 318,770 - Cash $318,770 = Zero Net Effect
Transaction 2: The increase in the equity will increase the current asset as well here, which means:
Fixed Assets + Current Asset = Equity + Liability
Current Assets + $139,050 = Issued common stock + $139,050
Transaction 3: The purchase of inventory on account means that the current asset would be increased and the payables will increase with the same amount. The effect on the accounting equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Current Asset + $70,94 = Current liabilities + $70,940
Answer: Fraud is the use of misrepresentation or deception to receive money or an item of value. Kiting and Lapping are common techniques used to defraud a second party of cash.
Explanation:
Kiting: a method of defrauding banks involving drawing a check against an account which does not have any, or adequate amount. For instance, paying a check from Account A into account B and then drawing against the account from an account C in another bank, when there is actually no/insufficient money in account A, which should be paying the initial check.
Lapping: a method of defrauding an employer by modifying sales records to hide a theft. It typically involves the use of subsequent cash payments to cover the missing cash and this can be continuous unless there is a segregation of duties between employees in charge of cash collection and recording.
