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IrinaK [193]
3 years ago
10

Chris can be paid in one of two ways. Plan A is a salary of ​$320 per​ month, plus a commission of 8​% of gross sales. Plan B is

a salary of ​$715 per​ month, plus a commission of 3​% of gross sales. For what amount of gross sales should Chris select plan​ A?
Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer:

The answer is: Chris should select Plan A if his total sales ≥ $7,900

Explanation:

Plan A = $320 + 8%s

Plan B = $715 + 3%s

where s = gross sales

To find at what point should Chris choose Plan A, we must solve the equations given that Plan A = Plan B

$320 + 8%s = $715 + 3%s

8%s - 3%s = $715 - $320

5%s = $395

s = $395 / 5% = $7,900

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sertanlavr [38]

Answer:

23.39%

Explanation:

From the given information, the amount was raised in rubies, Hence, we will convert them to dollars to be able to pay back the needed obligations.

However, according to the exchange rates, the IRR of dollar cash flow is the actual cost of financing that the company will address.

By applying the EXCEL FORMULA to compute the actual cost of financing, we get;

   A                    B                    C                    D                          E

Coupon              17%

Year                      0                    1                    2                         3

Cashflow in

rubles            5,000,000   5000000*17%  5000000*17%    5000000+850

                                           = 850000          = 850000         000

                                                                                                 = 5850000

Exchange          $0.30         $0.032                 $0.034              $0.035

rate

(per rubles)   5,000,000       5,000,000          5,000,000      5,000,000

Cash flow      × 0.03            × 0.032               × 0.034           × 0.035

in dollars    =  $150000.00  27200.00        28900.00           204750.00

IRR                   23.39%

8 0
3 years ago
Allie is having three friends over to order pizza and watch a movie that just came out on DVD. She wants to make sure that she i
Lana71 [14]

Hey there,

Allie could look up coupon and discount deals for the pizza. She could ask each of her friends to chip in a small amount of money to help with the costs. Another thing she could do is compare the prices of DVD's from various stores.

:)

4 0
3 years ago
Read 2 more answers
Stag Corp. will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects its growth
Natalka [10]

Answer:

$69.41

Explanation:

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D1 = 4.75

D2 = 5.25

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Therefore,

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Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.

<h3>Why should Savion sell the car?</h3><h3 />

The profit if he works on the car is:

= Selling price - Addtional work cost

= 5,800 - 2,400

= $3,400

The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.

The $4,000 is irrelevant as it is a sunk cost.

Find out more on sunk costs at brainly.com/question/13695005.

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7. Allowance, a paycheck, gifts, and gains from an investment are examples of
Finger [1]

Answer:a

Explanation:

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