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zhuklara [117]
3 years ago
8

When hired at a new job selling jewelry, you are given two pay: _______.A: Base salary of $14,000 a year, with a commission of 1

2% of your sales B: Base salary of $21,000 a year, with a commission of 5% of your salesIn order for option A to produce a larger income, you would need sell at least $_____ of jewelry?
Business
2 answers:
erma4kov [3.2K]3 years ago
6 0

Answer:

$100,001

Explanation:

we can determine the amount of total sales needed to earn a higher salary by solving the following equation:

let C = total sales

$14,000 + 0.12C > $21,000 + 0.05C

0.12C - 0.05C > $21,000 - $14,000

0.07C > $7,000

C > $7,000 / 0.07

C > $100,000

so total sales must be at least $100,001 in order for option A to result in a higher salary

ipn [44]3 years ago
3 0

Answer:

$105,000

Explanation:

In order for option A to produce a larger income, you would need sell at least $ 105,000 of jewelry?

At $105,000 option A becomes preferred because

12% x 105,000 = $12,600 in addition to base salary = $26,600

BUT

5% x 105,000 = $5250, in addition to base salary of 21,000 = $26,250

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An expected increase in the market price of oil in the coming year is likely to: shift the supply curve of oil to the left in th
diamong [38]

Answer:

cause no changes in the demand and supply curves of oil in the current year.

Explanation:

Changes in price don't generate shifts in the supply and demand curves in the short term. It generates a movement along the curves as non price changes are the ones that generate a shift in these curves. If the price of the oil increases, the demand quantity falls which will cause a movement along the demand curve. Also, this situation will increase the supply quantity which also generates a movement along the supply curve.

4 0
3 years ago
Sandblasting equipment acquired at a cost of $40,000 has an estimated residual value of $8,000 and an estimated useful life of e
marta [7]

Answer:

a. $3,000 ; $4,000

b. $7,500 ; $8,125

Explanation:

The computation of the depreciation expense under each method is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

For year 1

= ($40,000 - $8,000) ÷ (8 years)

= ($32,000) ÷ (4 years)  

= $4,000

In the first year, the nine months depreciation would be charged

= $4,000 × 9 months ÷ 12 months

= $3,000

The 9 months is calculated from April 1 to December 31

In this method, the depreciation is same for all the remaining useful life

So, in year 2, the depreciation expense is $4,000

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= Percentage ÷ useful life

= 100 ÷ 8

= 12.5%

So, the rate would be double i.e 25%

In year 1, the original cost is $40,000, so the depreciation expense is

= $40,000 × 25% × 9 months ÷ 12 months

= $7,500

The 9 months is calculated from April 1 to December 31

And, in year 2, the depreciation expense would be

= ($40,000 - $7,500) × 25%

= $8,125

5 0
3 years ago
Scott Distributors has the following transactions related to notes receivable during the last two months of the year.
lara [203]

Answer:

Dec 1

Dr Notes Receivable 16,000

Cr Cash 16,000

Dec 16

Dr Notes Receivable 4,800

Cr Sales Revenue 4,800

Dec. 31

Dr Interest Receivable 94

Cr Interest Revenue 94

Explanation:

Preparation of Scott Distributors Journal entry

Since we are told that on Dec. 1 Scott Distributors was tend to Loaned tha amount of $16,000 cash to E. Kinder which was on a 1-year, 6% note this means the transaction will be recorded as:

Dec 1

Dr Notes Receivable 16,000

Cr Cash 16,000

Since we were told that Scott Distributors Sold goods to J. Jones by receiving a sum of $4,800, 60-day, 7% note this means the transaction will be recorded as :

Dec 16

Dr Notes Receivable 4,800

Cr Sales Revenue 4,800

The Accrued interest revenue on all notes receivable transactions will be recorded as:

Dec. 31

Dr Interest Receivable 94

Cr Interest Revenue 94

Computation of interest revenue for E. Kinder note and J. Jones

E.kinder=

The amount of $16,000 *0.06*30/360

= $80

Jones note=

The amount of 4,800 *0.07×15/360

= 14

Total accrued interest (80+14)

$94

5 0
3 years ago
The __________ is a tactic police, firefighters, and other workers who are not legally allowed to strike sometimes use to expres
andrew11 [14]
<span>The blue flu is a tactic police, firefighters, and other workers who are not legally allowed to strike sometimes use to express their frustration and displeasure with working conditions or pay.
</span>The term blue fly describes an organized strike action undertaken <span> by law enforcement officers who call in sick. </span>
6 0
3 years ago
Read 2 more answers
You transfer property with an adjusted basis of $20,000 and a fair market value of $31,000 in exchange for 100% of the stock in
Daniel [21]

Answer:

b) $11,000 gain realized; $10,000 recognized.

Explanation:

Gain realized = $16,000 + $10,000 + $5,000 - $20,000 = $11,000

However, the transaction qualifies under sec.351 for non recognition. Transfer of Mortgaged property to a controlled corporation does not require recognition of gain unless the liabilities transferred or assumed are greater than the basis of all the property transferred. So the recognized gain is attributable to the $10,000 cash received.

7 0
3 years ago
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