1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.




You might be interested in
After developing a computer locking system, Caffrey Computer Corp. worked out a licensing deal with Chicago Desktop (a potential
Vika [28.1K]

Answer:

<u>A Strategic Alliance</u>

Explanation:

A Strategic Alliance refers to a combined effort or activities of two firms so as to strengthen their market position and yet at the same time maintain their individual separate corporate existence.

It represents a mutually beneficial agreement between two corporate firms under which, terms are less binding and stringent than a joint venture.

The purpose behind such an alliance could be, expansion, product line improvement or together gain a competitive advantage.

Such an alliance helps both businesses achieve a common goal driven by mutual assistance and pooling of resources.

In the given case, the tie up between Caffery computer corp. and Chicago desktop to sell computer locking systems alongside computers, would be termed a strategic alliance, since such an arrangement would benefit both, reduce competition for each with collective gain w.r.t market share.

3 0
3 years ago
1. During pre-planning, the Activities Committee establishes the following project goal: "Optimus XT will promote and organize a
tamaranim1 [39]
Yes because it is organized and promote
7 0
3 years ago
Read 2 more answers
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
Pepsi [2]

Answer:

$519,799.59

Explanation:  

Discount rate = R = 14.50%

Year    Cash flows     Discount factor     PV of cash flows

1            218,000.00          0.873362            190,393.0131  

2           224,000.00          0.762762           170,858.6793

3           238,000.00          0.666168            <u>158,547.9011</u>

          Total of PV = NPV =                           <u> $519,799.59</u>

<u />

Note:

Df = 1/(1+R)^Year

PV of cash flows = Cash flows x Df

7 0
3 years ago
How do banks benefit of giving people loans
Kitty [74]

Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

5 0
3 years ago
Read 2 more answers
The following information pertains to Crane Video Company:
Mashutka [201]

Answer:

Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited :                     ($1,300)

Add Unpresented Cheques                                     $591

Balance as per Bank Statement                           $7,263

Adjusting Entries

J1

Bank service charge $28 (debit)

Cash $28 (credit)

J2

Cash $700  (debit)

Note - Receivable Crane  $700 (credit)

J3

Cash  $36  (debit)

Interest Income $36 (credit)

J4

Service Fee $20 (debit)

Cash $20 (credit)

Explanation:

First Update the Cash Book as follows:

<u>Debit :</u>

Cash balance $7,284

Crane $700

Interest $36

Totals $8,020

<u>Credit:</u>

Bank service charge $28

Crane : fee $20

Balance - Up to date $7,972

Totals $8,020

Then, Prepare Bank Reconciliation Statement

Balance at Bank as per Cash Book - Up to date $7,972

Less Lodgements not yet credited :                     ($1,300)

Add Unpresented Cheques                                     $591

Balance as per Bank Statement                           $7,263

Adjusting Entries

J1

Bank service charge $28 (debit)

Cash $28 (credit)

J2

Cash $700  (debit)

Note - Receivable Crane  $700 (credit)

J3

Cash  $36  (debit)

Interest Income $36 (credit)

J4

Service Fee $20 (debit)

Cash $20 (credit)

7 0
3 years ago
Other questions:
  • The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 85,000 units of this
    14·1 answer
  • Anthony has purchased a new shipment of 50 Bluetooth earbuds that he plans to sell for $99.99 each. The manufacturer informs Ant
    13·1 answer
  • Which of the following are aspects covered by HR management?
    8·1 answer
  • What does the federal reserve board of governors control
    13·1 answer
  • The function of interest is to make lending money worthwhile and profitable for the __________.
    13·2 answers
  • On Jan. 2, Callie Company received a $700 payment from a customer previously billed for services performed. The journal entry to
    5·1 answer
  • With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combinati
    10·1 answer
  • Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t
    6·1 answer
  • In advertising, puffery refers to ________. Group of answer choices broadcasting a straightforward promotional message including
    15·1 answer
  • What is the difference between gross pay and net pay?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!