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Phantasy [73]
3 years ago
5

Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus _____, which is based on her sales revenue. a base

salary commission wage discrimination
Business
2 answers:
Kryger [21]3 years ago
5 0

Answer:

the answer is <u>commission</u>

Explanation:

mezya [45]3 years ago
3 0
Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus COMMISSION, which is based on her sales revenue.

Types of Sales Commissions:
1) Gross profit commission - based on gross profit (sales - cost)
2) Revenue Commission  ⇒ Sue's commission
3) Placement Fees - fixed amount on every unit sold
4) Revenue Gates - based on performance
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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-i
Fittoniya [83]

Answer:

Total Stockholder's Equity is $26,276,000.

Explanation:

                Stockholders’ equity section of the balance sheet

Common Stock @ $1          $1,800,000

Additional Paid-in Capital, $1,6200,000

Retained Earnings,             $9200,000

Less: Treasury Stock          <u>$924,000</u>

Total Shareholders Equity $26,276,000

As treasury stock is the contra equity account so its value will be deducted from equity. So total Stockholder's Equity is $26,276,000.

6 0
4 years ago
A company receives $6,400 cash in advance from customers for services to be provided next year. Record the transaction. (If no e
jok3333 [9.3K]

Answer:

Debit Cash account $6,500

Credit Deferred revenue  $6,500

Explanation:

When cash is collected in advance for a service yet to be rendered, the revenue for that service will be deferred in recognition.

The company will recognize an asset in form of cash and a liability in form of deferred revenue.

Hence to record the transaction,

Debit Cash account $6,500

Credit Deferred revenue  $6,500

Being entries to recognize cash collected for service yet to be rendered.

4 0
4 years ago
In 2020, Bargain Shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $75 billion. W
GREYUIT [131]

Answer:

7.6%

Explanation:

With regards to the above, the return on total assets is calculated as;

Return on total assets = Net income ÷ Average total assets.

Given that;

Net income = $5.7 billion

Average total assets = $75 billion.

Therefore,

Return on total assets = $5.7 billion ÷ $75 billion

Return on total assets = 7.6%

Bargain's shop return on total assets is 7.6%

8 0
3 years ago
Prepaid expenses are eventually expected to become expenses when their future economic value expires. become revenues when servi
Sphinxa [80]
<span>Prepaid expenses are eventually expected to become expenses when their future economic value expires.

A common example of prepaid expenses are insurance/insurance polices because they are something you pay for in advance even though you may not need until a time in the future. Prepaid rent is also a prepaid expense because you are paying in advance for a future month. These items until used are considered an asset to the company. </span>
7 0
4 years ago
Shirley’s Hair Salon paid $1,000 toward a bank loan. How will this transaction impact the accounting equation?
sergey [27]

Answer:

liabilities decrease and owner's equity decrease

4 0
2 years ago
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