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swat32
3 years ago
9

John's monthly paycheck consists of $4000 plus a 9% commission on all of his sales. during one month, john earned $11,650. what

were his sales during that month?
Business
1 answer:
Slav-nsk [51]3 years ago
5 0
The first thing you should do for this case is write an equation that allows you to find John's sales during the month.
 Let
 x = amount of money in sales.
 The equation is:
 4000 + 0.09x = 11650
 Clearing x we have:
 0.09x = 11650-4000
 x = (11650-4000) / (0.09)
 x = $ 85,000
 answer:
 his sales during that month were
 $ 85,000
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The statement is true.

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<em>Your question is incomplete. Please read below to find the missing content.</em>

In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.

TRUE

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6 0
1 year ago
At the beginning of the year, Cullumber Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item
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Answer:

a. $583,000

b.  $878,000

c. $330,000

Explanation:

In this question, we have to use the accounting equation which is presented below:

Total assets = Total liabilities + stockholder's equity

$864,000 = $523,000 + stockholder's equity

So, the stockholder's equity = $864,000 - $523,000 = $341,000

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New liabilities =  Old liabilities - reduction

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So, the stockholder's equity = $1,020,000 -  $437,000 = $583,000

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                           = $523,000 + $91,000

                           = $614,000

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So, the total liabilities = $774,000 - $444,000 = $330,000

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