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vladimir1956 [14]
3 years ago
13

A car dealership pays you 4% commission on your first $8,000 in car sales and 8% commission on additional sales over the $8,000.

If you made $9,000 in car sales, how much is your commission?
Mathematics
2 answers:
Zigmanuir [339]3 years ago
7 0

Answer:

Total Commission = $400


Step-by-step explanation:

Since total is $9000 (in sales) -- commision is 4% on the first $8000 and 8% in the additional part over $8000 (9000-8000=1000). So 8% on $1000.


<u>Total commission</u> = 4% of 8000 + 8% of 1000

= (0.04)(8000) + (0.08)(1000)

= 400


Total Commission is $400

andre [41]3 years ago
7 0
<h2>Answer:</h2>

The commission is $400.

<h2>Step-by-step explanation:</h2>

A car dealership pays you 4% commission on your first $8,000 in car sales.

The commission becomes:

0.04\times8000=320 dollars

Also given is that 8% commission is on additional sales over the $8,000. If you made $9,000, this means you made $1,000 over $8,000.

So, it will be 8% on $1000.

This value becomes:

0.08\times1000=80 dollars.

So, total commission on sales of $9000 is = 320+80=400 dollars.

Therefore, the answer is $400.

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The calculation of the dividends per share on each class of stock for each of the four years for Lightfoot Inc. are:

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The dividend per share for each class of stock can be computed by dividing the total dividend distributed by the number of shares outstanding.

For cumulative preferred stock, the unpaid dividends in a year are carried forward for distribution when profits are made.  Note also that preferred stock dividends enjoy preferential payment before common stock dividends.

<h3>Data and Calculations:</h3>

Cumulative preferred stock = 30,000 shares

Par value of preferred stock = $25

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The total value of preferred stock = $750,000 ($25 x 30,000)

Expected annual dividend for preferred stockholders = $15,000 ($750,000 x 2%)

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Par value of common stock = $75

The total value of ordinary stock = $2,850,000 ($75 x 38,000)

<h3>Dividends distribution:</h3>

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Preferred stock per share $0.19           $0.32        $0.99             $0.50 ($15,000/30,000)

Common stock                  $0                   $0         $30,020      $102,220

Common stock per share $0                  $0            $0.79           $2.69 ($102,220/38,000)

Thus, the dividends distribution of Lightfoot Inc. shows that the common stockholders started earning dividends after the second year.

Learn more about cumulative preferred stock dividends at brainly.com/question/14006397

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