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mario62 [17]
3 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]3 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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You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.
olga55 [171]

Answer:

The company's WACC is 9.14%

Explanation:

cost of preferred stock

= (dividend on preferred stock)/(current market price)

= [$100*4%]/$72

= 5.56%

total finance = debt + equity + preferred stock

                     = (8,000*$1,060) + (310,000*$57) + (15,000*$72)

                     = $8,480,000 + $17,670,000 + $1,080,000

                      = $27,230,000

weight of debt = debt/total finance

                         = $8,480,000/$27,230,000

                         = 0.31

weight on equity = equity/total finace

                             = $1.080.000/$27,230,000

                             = 0.04

WACC

= (weight of debt*after tax cost of debt) + (weight on equity*cost of equity)

= (0.31*0.0393) + (0.65-0.1185) + (0.04*0.0556)

= 9.14%

Therefore, The company's WACC is 9.14%

5 0
2 years ago
When problem-solving, a person should ask:<br> who.<br> how.<br> where.<br> why
geniusboy [140]
Very true! sorry i don’t know what ur asking but i agree with all!!
4 0
3 years ago
Read 2 more answers
Blossom Company's accounting records show the following for the year ending on December 31, 2017.
LuckyWell [14K]

Answer:  $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

Freight-in = $15,300

Purchases = $689,020

Beginning Inventory = $55,000

Ending Inventory = $45,600

Purchase Returns and Allowances = $15,100

Cost of goods purchased:

= Purchases + Freight in - Purchase discounts - Purchase returns and allowances

= $689,020  + $15,300  - $ 11,000  -  $15,100

= $678,220

4 0
3 years ago
Which of the following about cash equivalents is false?<br> A<br> B<br> C<br> D
Sonbull [250]
Can u take a screenshot of the whole question for me
6 0
2 years ago
Please help need this done for class tomorrow!
Ivanshal [37]

Answer:

0.31

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income

Percentage change in income = \frac{1000-300}{300} = 2.3

when income was $300, ramen was demanded twice, that is 2/7 times a week. converting to fraction gives 0.29

Percentage change in quantity = \frac{0.5 - 0.29}{0.29} = 0.72

0.72/2.3 = 0.31

7 0
2 years ago
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