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liberstina [14]
3 years ago
5

Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold

9 cars, for a total of $8,870 dealer profit. how much did she earn in commission?
Business
1 answer:
Usimov [2.4K]3 years ago
6 0
Okay. So Joan receives 25% commission on the profits of the cars she sells. She got $8,870 on the profit last month. To find the commission, let’s multiply the amount of profit by the percentage. 8,870 * 0.25 is 2,217.5. There. Joan earned $2,217.50 in commission last month.
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Answer:

Explanation:

The journal entry is presented below:

Cash A/c Dr $1,800

   To Accounts receivable A/c $1,800

(Being the cash is received)

Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.

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3 years ago
When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
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Explanation:

For two companies to maintain a strategic relationship, there must be open communication.  Whitney displayed correct understanding of this ingredient for strategic relationships.

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Rodney lost a golden opportunity offered by Whitney by opening up communication.  He should have embraced the chance to bring up his concerns and discuss his goals openly, unless he is hiding something.  He could be deliberately overcharging on price.  These comments remain mere guesses as Rodney failed to open up.

7 0
3 years ago
How would a customer sales force structure benefit Reliable Tools? A. It would help the company's salespeople become experts in
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Answer:

The correct answer is the option D: It would enable the company's salespeople to build close relationships with customers.

Explanation:

To begin with, if a company's salesforce structure is looking to improve the current situation with the clients and their sales then the major importance would be in the relationship that the company has with those clients that represent the company's major sales, therefore that with Reliable Tools the customer sales force structure would be able to build close relationships with the clients and therefore to improve the sales and that is why they would benefit from that.

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Answer:

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8 0
3 years ago
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Cash: ($3,200) to assets.

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