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mario62 [17]
4 years ago
10

Jim Tree receives a salary of $120.00 per week plus commission of 1% on sales up to $3,000 and 2% on the remaining amount over $

3,000. Jim averages $9,650.00 dollars in sales per week. His expected total earnings for one week would be $
Business
1 answer:
Nat2105 [25]4 years ago
7 0

Its 283.00 this guy is wrong, do the math.

His total earnings would be the sum of the basic salary and the commissions he gets from the sales. For a sale amounting to $9650, $3,000 of it would have 1% commission and $6650 would have 2%. Calculating, Total earning = $120 + 0.01 x $3000 + 0.02 x $6650 = $283

Thus, Jim Tree will have a pay of $283.




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Clampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Incorporated, had cash ($40,00
lana [24]

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$2,100

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Inventory                             $60,000              $30,000       $30,000

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Equipment                           $60,000              $80,000      <u> ($20,000)</u>

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Tax rate                                                                                   <u>   21%    </u>

Built in gains tax                                                                     <u>$2,100  </u>

So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.

3 0
3 years ago
addresses unknown parameters in the real world that parallel descriptive measures of very large population? A. The sample mean /
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Digiron [165]

Answer:

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IRR can be calculated with a financial calculator  

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To find the IRR using a financial calculator:

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2. After inputting all the cash flows, press the IRR button and then press the compute button.  

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