Income commissions consult with repayment paid for creating a sale. they may be generally a percentage of the sale this is then introduced on pinnacle of one’s base profits.
Sales commissions are a incredible tool because they serve to align the incentives of each the enterprise and the employee. both the salesclerk and the commercial enterprise gain from generating sales. With income commissions, salespeople can benefit extra manipulate over how a good deal they earn and their efforts are tied to compensation.
For the sake of this newsletter and the ASC 606 law, we will be centered at the accrual foundation method. The accrual basis acknowledges the revenue when it's far billed and earned, regardless of whilst the cash is paid or acquired.
So, if your salesperson makes a sale nowadays, however handiest gets their commission check at some point of next month’s pay day, you will be recognising the revenue at the time of the sale this month.
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Answer:
51.2 million
Explanation:
The computation of the annual demand is shown below:
As we know that the total annual setup cost and the carrying cost would be equivalent to EOQ
Since the total annual setup cost & carrying cost is $32,000
So, for each it would be $16,000
Now
Total number of orders is
= $16000 ÷ $200
= 80 orders
And, Total inventory carrying cost = 0.05 × (EOQ ÷ 2)
$16000 = 0.05 × EOQ ÷ 2
$32000 ÷ 0.05 = EOQ
EOQ = 640000 units
Now
Total demand = 640000 × 80
= 51200000
= 51.2 million
Answer:
$102,440
Explanation:
Provided details we have,
Loan amount = $70,000
Installments = $479 per month for 30 years
Number of installments = 12 
30 = 360 installments
Total amount to be paid during the tenure of loan = $479 360
= $172,440
Thus interest = Total - Principal Amount
= $172,440 - $70,000
= $102,440
Answer:
Option A Apologize for any trouble and explain the change to each customer.
Explanation:
The reason is that it is ethicaly correct because the change in policy is not minor, neither involves unethical practice of leg pulling of seniors nor agreeing all the complaints of the customer because he might be totally wrong. The sales person will have to explain the customer what actually the changes are in the policies and why it has adopted it. For the inconvenience caused to the customers, the company must apologize.
Answer:
The adjusted bank and book balance is shown below:-
Explanation:
The computation of the adjusted bank and book balance is given below:-
Bank statement balance Book balance
Opening balance $26,960 $26,620
Add: Transit Deposit $3,000 Earned Interest $150
Less: Outstanding check 4000 Error on check $810
($4,900 - $4,090)
Adjusted Balance $25,960 $25,960
