All categories

3 years ago

A commission employee derives their income from the number of items or goods that they produce. True or Flase

1 answer:

4 0

This statement is "false" or the second option. A commission employee is a person who additional compensation the employee receives for exceeding expectations. Therefore a commission employee cannot derives their income from the number of items or goods that they produce.

Hope this helps!

You might be interested in

On March 31, 2021, Chow Brothers, Inc., bought 8% of KT Manufacturing’s capital stock for $51.5 million. KT’s net income for the

In-s [12.5K]

Answer and Explanation:

a. The Journal entries are shown below:-

Investment - Capital stock Dr, $51.5 million

To Cash $51.5 million

(Being investment is recorded)

Unrealized holding gain or loss Dr, $15.5 million ($51.5 - $36.0)

To Fair value adjustment $15.5 million

(Being fair value adjustment is recorded)

b. Unrealized holding gain or loss Dr, $5.5 million ($51.5 - $30.5 - $15.5)

To Fair value adjustment $5.5 million

(Being fair value adjustment before sale is recorded)

Cash Dr, $30.5 million

Unrealized holding gain or loss Dr, $21 million

To Investment - Capital stock $51.5 million

(Being sale of investment is recorded)

4 0

3 years ago

The first company to introduce a new product has an advantage in acquiring customers and in building brand loyalty.

OLga [1]

Answer:

True

Explanation:

6 0

3 years ago

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for cost of good

nikklg [1K]

Answer:

a. 42.0% for 2017 and 32.0% for 2016

Explanation:

Common size % for cost of goods sold = Cost of goods sold/Net sales

For 2017

= $219,400 / $522,200

= 0.4201456

= 42%

For 2016

= $135,440 / $423,400

= 0.31988663

= 31.99%

8 0

3 years ago

In a market economy, _____ own(s) all the basic resources or factors of production.

Sergeu [11.5K]

In a market economy, households hold all the basic resources or factors of production. This is because, a market economy is the type of economy in which economic decisions and the prices of goods are determined by the aggregate interactions of the nation's individual citizens and businesses.

6 0

4 years ago

When buyers buy goods in a market they are doing so because

Diano4ka-milaya [45]

Answer:

C. they prefer the good to the other good is the correct answer.

Explanation:

5 0

3 years ago