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artcher [175]
4 years ago
8

A salesperson earns a weekly salary of $600 plus a commission of 1 percent of sales over $2,000. If he earned $650 in a certain

week, what was the amount of his sales?
Business
1 answer:
scoundrel [369]4 years ago
3 0

Answer:

$ 7000

Explanation:

Given data;

Weekly salary of the salesperson = $ 600

Commission earned = 1 % on the sales over $ 2000

The amount earned by the salesman in the week = $ 650

Thus, the commission received = $ 650 - $ 600 = $ 50

Now,

let the amount over $ 2000 for which the commission of $ 50 paid be 'x'

therefore,

1 % of x = $ 50

or

0.01x = $ 50

or

x = $ 5000

Hence, the total sales was of $ 2000 + $ 5000 = $ 7000

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Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."

Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.

Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.

5 0
3 years ago
Read 2 more answers
On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu
mestny [16]

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

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6 0
3 years ago
ABC company received a special order for 5000 untis at a sales price of 10 per unit. ABC normally sells these for 12 each. Each
slamgirl [31]

Answer:

The increase in pre-tax income 20,000

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contribution   margin per unit from special order=10-6=4

The increase in pre-tax income=total contribution margin from special order

The increase in pre-tax income=5000*4

The increase in pre-tax income=20,000

Hence, accepting the order is worthwhile.

4 0
3 years ago
A key objective for a retail layout is to A. expose customers to​ high-margin items. B. balance​ low-cost storage with​ low-cost
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Answer:

A. expose customers to​ high-margin items.

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If the average price that cable subscribers are willing to pay for satellite TV service is $200 but the actual price they pay is
ZanzabumX [31]

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120$ per subscriber

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