1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
6

Jim Smith is a salesman who receives a $1,100 draw per week against his commission. He receives a 12% commission as an incentive

on all sales. Sales for Jim were $205,000 for the month.
Assuming a four-week month, Jim's commission is ____.
Business
1 answer:
blondinia [14]3 years ago
3 0

Answer:

$29,000

Explanation:

Given that:

  • Draw per week: $1,100
  • Commission rate: 12%
  • Sales for Jim were $205,000 for the month.
  • 4 weeks in a month

Assuming a four-week month, Jim's commission :

Commission on revenue + commission of total draws

= $205,000*12% + 4*$1,100

= $24,600+ $4,400

= $29,000

Hope it will find you well.

You might be interested in
Firm B Firm T Shares outstanding 4,800 1,800 Price per share $ 47 $ 20 Firm B has estimated that the value of the synergistic be
zmey [24]

Answer:

A. Share Offer Is Better

B. .4569

Explanation:

A. Based on the information given the shareholders of Firm T will be better off with the STOCK OFFER because cash offer is the amount of $22 per share.

B. Calculation to determine the exchange ratio of B shares to T shares

First step is to calculate the New shares created

New shares created = 1,800(1/2)

New shares created = 900 new shares

Second step is to calculate the value of the merged firm

Value of the merged firm= 4,800($47) + 1,800($20) + $9,100

Value of the merged firm= $270,700

Third step is to calculate the price per share of the merged firm

Price= $270,700/(4,800 + 900)

Price= $270,700/5,700

Price= $47.49

Fourth step is to calculate the Equity offer value

Equity offer value = (1/2)($47.49)

Equity offer value = $23.75 per share

Fifth step is to calculate the post merger share price

Value of the merged firm= $270,700

Shares in new firm = 4,800 + 1,800x

Hence:

Post merger share price:

P= $270,700/(4,800 + 1,800x)

Sixth step

For the target firm’s shareholders to be indifferent which means they have to receive the same wealth

Hence;

1,800(x)P= 1,800($22)

Let solve this equation for P

P= $22/x

Now Let Combine the two equations

$270,700/(4,800 + 1,800x) = $22/x

x= .4569

Seventh step is to calculate the NPV

NPV = 1,800($20) + $9,100 – 1,800($22)

NPV = $5,500

Eight step is to calculate the Share price

Share price = [4,800($47) + $5,500]/4,800

Share price = $48.15

Now let calculate the Exchange ratio

Exchange ratio = $22/$48.15

Exchange ratio = .4569

Therefore the exchange ratio of B shares to T shares that the shareholders in T would be indifferent between the two offers is .4569

8 0
3 years ago
The American economy consists of a complex combination of organizations and variables, such as countless companies differing in
Jlenok [28]

Answer:

The correct answer is The Theory of complexity.

Explanation:

The Theory of Complexity and Organizations, also called complexity strategy or adaptive complex organization, is the use of complexity theory in the field of strategic management and organizational studies.

The complexity theory has been used in the fields of strategic management and organizational studies. Areas of application include an understanding of how organizations or companies adapt to their environment and how they deal with situations of uncertainty. The theory treats organizations and companies as collections of strategies and structures. The structure is complex, because they are dynamic networks of interactions, and their relationships are not the result of the aggregation of individual static entities. They are adaptive; Because individual and collective behaviors mutate and organize themselves in response to the initial changes of micro events or the total set of events.

7 0
3 years ago
The company achieves a cost savings of $32,000 per year by using less costly materials
navik [9.2K]

this isn't a question so unless you give me the original or whole question I'm not sure how to answer

3 0
2 years ago
Southern gardeners normally pay $5 for a 2-cubit-foot bag of pine bark mulch that they buy at their local gardening-supply and h
Lapatulllka [165]
Otsoychocj jcgodtivpj logzruxoh
3 0
3 years ago
Which 3 types of customer statements can QuickBooks Online generate?
Phantasy [73]

Answer:

beg8ner ine expert one explorer ine is types of it

8 0
2 years ago
Other questions:
  • First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
    7·1 answer
  • The database contains three tables containing information about this company's sales process: Inventory, Sales and Salesitems. U
    10·1 answer
  • According to Hofstede's framework, a culture that scores low on ________ is characterized by individual stability and reputation
    7·1 answer
  • Stockholders equity: a. Represents the ownership of a company b. Is the equivalent of net assets c. Is also known as the book va
    8·1 answer
  • Which of the following situations may qualify a taxpayer to claim an education credit on their tax return? g
    7·1 answer
  • _____ is an important part of the interview process. It allows you to consider how you did in the interview, examining your stro
    11·2 answers
  • Federal Reserve Banks directly affect the national economy by:
    9·2 answers
  • On January 15, Year 5, Rico Co. declared its annual cash dividend on common stock for the year ended January 31, Year 5. The div
    6·1 answer
  • If you are purchasing a new car and have saved $2100 to use as a 10% cash down payment, how much is your total budget?
    8·1 answer
  • A building was constructed in August 1999 for $2,340,000. The cost index at that time was 192.3. The current cost index is 302.1
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!