Which of the following is a true statement?

Why might working on a commission basis make dealing with finances more difficult?

olganol [36]

Being paid on commission means that a person is paid a percentage of the sales that he or she makes. When people are paid totally on commission, they are not receiving a salary or an hourly rate, but rather are paid only according to the sales dollars they bring in. This has both advantages and disadvantages.
Not making sales would make dealing with finances difficult

4 0

3 years ago

Crawl Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock out

Maslowich

Answer:

total dividends distributed to common stock $6,000

dividends per common stock $0.12

Explanation:

preferred stock dividends = 1,000 x 6% x $50 = $3,000

since they are cumulative, if the dividends are not paid during one year, they must be paid in the next periods

the distribution of the $10,000 in dividends in 2018:

preferred dividends = $1,000 + $3,000 = $4,000
common stock dividends = $6,000

dividends per common stock = $6,000 / 50,000 = $0.12

5 0

3 years ago

You plan to deposit $5,200 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much wil

scZoUnD [109]

Answer:

Amount after 15 years = 183255.011

Explanation:

Below is the calculation to find the amount after 15 years:

Annuity amount or early deposited amount = $5200

Time period = 15 years

Interest rate = 11.3 %

Now we have to find the amount after 15 years:

Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]

Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]

Amount after 15 years = 183255.011

3 0

3 years ago

College students can be a less __________ market segment because students' media habits are quite diverse and firms might have t

Ket [755]

College students can be a less reachable market segment because students' media habits are quite diverse and firms might have to use a wide variety of media to attract this segment.

Explanation:

The procedure in which a capable consumer business is bifurcated into categories, which is based on various features. The types or categories produced is comprised of customers who will respond to the campaigns of marketing in a similar pattern and who share attributes like matching interests, desires or places, thus understood as market segmentation. College students are not covered under sufficient reachable market segmentation in some cases, as they are students and more focused towards education, thus job pursuing or business owning candidates are much preferred to be eligible for the market product policies.

6 0

3 years ago

The following is a payroll sheet for Otis Imports for the month of September 2020. The company is allowed a 1% unemployment comp

DENIUS [597]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

September 30, 202x, wages expense

Dr Wages expense 33,500

Cr Federal income tax withholdings payable 3,350

Cr FICA taxes (withholdings) payable 2,722.25

Cr Wages payable 27,427.75

b) September 30, 202x, payroll taxes expense

Dr FICA taxes expense 2,722.25

Dr FUTA tax expense 5.60

Dr SUTA tax expense 7

Cr FICA taxes withholdings payable 2,722.25

Cr FUTA taxes payable 5.60

Cr SUTA taxes payable 7

c) September 30, 202x, payment of payroll liabilities

Dr Wages payable 27,427.75

Dr Federal income tax withholdings payable 3,350

Dr FICA taxes withholdings payable 5,444.50

Dr FUTA taxes payable 5.60

Dr SUTA taxes payable 7

Cr Cash 36,234.85

Download pdf

8 0

4 years ago