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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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No, there was no arrangement of any kind. It was either a common idea or a notion that Johnny shared with Michael.

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There are a range of contracts or agreements, depending on the stage of the implementation of the concept of the invention, to safeguard the rights of the various stakeholders to the intellectual property of modern, concrete and original concepts and also to prevent any misuse or misappropriation of the concept, as follows-

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And, in that case, there were none of the above agreements.

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In fact, Mr. Johnny had not previously submitted a provisional patent application to defend his concept. It plays an important role in certain countries, such as the US, where the applicant can protect his idea on a provisional basis for up to one year by enabling his idea to be classified as 'patent pending.'

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a. predetermined overhead rate for each activity

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design  = $3 per Square feet

construction oversight  = $1,130 per Month

b. Classification

unit-level activities :

design

batch level activities :

initial concept formation

Product level activities :

design<em> </em>

Facility level activities :

initial concept formation

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Explanation:

This question requires application of Activity Based Costing (ABC) method of allocating overheads.

For each overhead a rate is determined as follows :

<em>initial concept formation </em>

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<em>design </em>

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                                                  = $420,000/ 140,000

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<em>construction oversight </em>

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<em>Classification</em>

The way the activity is to be absorbed in costing determine its classification

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