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Novay_Z [31]
3 years ago
9

As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa

les people averaging $125,000, $144,000 and $148,000 per month in sales, what would be your expected monthly commissions
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
7 0

Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

$148,000

Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

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On November 30, 2013, Piani Incorporated purchased for cash of $25 per share all 400,000 shares of the outstanding common stock
Alenkinab [10]

Answer:

b. 800,000

Explanation:

Step 1; Calcualate Excess Valuation of Surge in Piani's Consolidated Balance Sheet

Surge's balance sheet as at November 30, 2013 showed a book value of $8,000,000

However, Piani Purchased 400,000 Shares of Surge's  Outstanding Common Stock at $25 each. The total Cost therefore to Piani is

$25× 400,000= $10,000,000

The difference between Surge's book value and Piani's valuation of Surge is

Surge's value in Piani- Surge's book value

$10,000,000-$8,000,000= $2,000,000

Step 2: Calculate the Difference between the Excess Property Fair Value and the Step One Total to arrive at the Goodwill

Out of the $2,000,000; $1,200,000 represents the excess of the fair value of Surge's  Property, Plant and Equipment on November 30, 2013.

The Goodwill Value Therefore is

The difference in Surge's Stock Valuation- Excess Fair Value of Surge's Property, Plant and Equipment

= $2,000,000-$1, 200,000

=$800,000

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
Consider three closed economies. In the first economy, households spend $0.50 of each additional dollar they earn and save the r
aleksklad [387]

Answer:

b. In the first economy, the spending multiplier is greater than in the second economy. In the third economy, the spending multiplier is undefined

Explanation:

This can be easily understood by going through some calculations in a spending multiplier formula.

WORKINGS

The formula for Spending Multiplier = \frac{1}{MPS}

Spending Multiplier

Economy 1: Multiplier = \frac{1}{0.5} = 2

Economy 2: Multiplier = \frac{1}{1} = 1

Economy 3: Multiplier = \frac{1}{0} = undefined

Note: MPS can be abbreviated as Marginal propensity to save

As we can see here economy 1 is 50% greater than economy 2 and economy 3 is undefined because they spend whole dollar they earn additionally.

On behalf of the above calculations,  option B is a perfect match!

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3 years ago
PLEASE HELP ASAP (BRAINIEST)!!! SERIOUS ANSWERS ONLY
Paraphin [41]

Answer: The Answer is HMO

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