Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
Answer:
a. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep.
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent control is a form of price ceiling.
Price ceiling is binding when it is set below the equilibrium price.
Consequences of rent control includes :
1. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep. Tjeu would do this to retain as much profits as possible since the government has placed a cap on rents.
2. Landlords would reduce their supply of houses and this would lead to scarcity.
3. Development of black markets. Black markets would develop where houses would be sold at more than $750/month .
4. The rental market would become less efficient.
I hope my answer helps you
Give them your info. Because the only people who claim to be from your bank are from your bank
Answer:
<h2>The answer,in this case would be option A) given in the answer choices or total fixed costs will remain the same and total variable costs will change.</h2>
Explanation:
- In Microeconomics or Production Economics,the total fixed cost basically refers to the cost or expense of the firm or company which does not change with any corresponding change in production or output level in the short run.Examples of fixed costs commonly include rent expenses,monthly utility bills,regular maintenance expenses,monthly water and energy expenses and so forth.
- On the other hand,total variables costs are the costs of expenses incurred by the company or firm that are directly related with the level of production or output and changes accordingly.Examples of total variable cost includes labor costs or expenses which vary according to the changes in the production or output level as the labor is the only variable input or factor of production in the short run.
- Therefore,any change in the total production cost in the short run would reflect the proportionate change in the total variable cost of production(labor expenses or labor wage) as the total fixed cost is already fixed or constant and does not depend on the volume or level or production or output.
Answer:
The following applies:
1. expenses when incurred to generate revenue.
2. expenses even when cash has not yet been paid
3. revenue even when cash has not been collected
4. revenue when earned
Explanation:
Accrual basis is an accounting concept that recognizes revenue when earned when if the collection of cash will be done later.
It also recognizes expenses when incurred even though the cash has not been spent.
Accrual basis matches a transaction with when it happened.
It is different from cash basis which recognizes revenues only when the cash is received and expenses only when the cash has been spent.