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
erica [24]
3 years ago
9

Caleb's income is generated by a base salary per month and a commission on sales. His income from the last 4 months is recorded

in this table. Which statement is true based on the table of Caleb's income?
A. Caleb's base salary is $2,000 and he earns 2.6% interest on the sales he makes.
B. Caleb's base salary is $1,000 and he earns 4.4% interest on the sales he makes.
C. Caleb's base salary is $1,260 and he earns 0.6% interest on the sales he makes.
D. Caleb's base salary is $2,200 and he earns 6% interest on the sales he makes.
Business
1 answer:
Gnom [1K]3 years ago
6 0

Answer:

D. Caleb's base salary is $2,200 and he earns 6% interest on the sales he makes.

Explanation:

Caleb earns an interest of 6% on the sales he makes. Caleb has base salary of $2,200 on which he earns interest. He pays taxes and the residual income is invested in various projects.

You might be interested in
Naylor Company had $153,600 of net income in 2016 when the selling price per unit was $155, the variable costs per unit were $95
Shtirlitz [24]

Answer:

Units in 2016:

X=12,126.66 units≅12,127 units in 2016.

Units in 2017:

Y=13,166.667 units≅13,167 units in 2017.

Explanation:

Computing the number of units sold in 2016:

Net income in 2016=$153,600

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2016=$574,000

Let say number of units to be X:

Equation from above data:

\$153,600=(\$155-\$95)X-\$574,000\\\$727,600=60X

X=\frac{\$727,600}{\$60}

X=12,126.66 units≅12,127 units in 2016.

Computing the number of units sold in 2017:

Net Income in 2017=$153,600+$62,400

Net Income in 2017=$216,000

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2017=$574,000

Let say number of units to be Y:

Equation from above data:

\$216,000=(\$155-\$95)Y-\$574,000\\\$790000=60Y

Y=\frac{\$790000}{\$60}

Y=13,166.667 units≅13,167 units in 2017.

8 0
4 years ago
An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?
Softa [21]
This means that the original price is 60%, which we will use to calculate it.
299 (the discounted price) : x (the original price) = 60 % : 100 %
60x = 299 * 100
60x = 29900
x = 29900 / 60
<u>x = 498.33
</u>
<u />The cost of the Ipod is $498.33<u>
</u>
4 0
3 years ago
Read 2 more answers
Which of the following statements concerning capital structure theory is NOT CORRECT?
Pani-rosa [81]

Answer: D. Under MM with corporate taxes, rs increases with leverage, and this increase exactly offsets the tax benefits of debt financing.

3 0
3 years ago
The Industrial Revolution changed the way people worked by
Alborosie
The Industrial Revolution changed the way people worked by <span>having them use machines to do jobs previously done by hand. The correct option among all the options that are given in the question is the fourth option or option "D". I hope that this is the answer that has actually come to your great help.</span>
8 0
3 years ago
Read 2 more answers
The chart shows the marginal cost of producing apple pies. This chart demonstrates that the marginal cost initially decreases as
NeTakaya

Answer: This chart demonstrates that the marginal cost initially decreases as production increases.

Marginal Cost refers to the cost of producing an additional unit of a good. As production increases, marginal costs will initially decrease.  

In the short run, factors of production like capital are fixed. Only labor is variable and varies with the number of units produced. Initially, employing more labor results in better productivity and help in decreasing the marginal costs. However, as more units of labor are employed, labor become less productive and the law of diminishing marginal returns sets in. Hence the marginal cost curve begins to rise.  


9 0
3 years ago
Read 2 more answers
Other questions:
  • In 2014, Steinrotter Construction Corp. began construction work under a 3-year contract. The contract price was $1,800,000. Stei
    9·1 answer
  • Match each feature with the savings account type.
    5·2 answers
  • Greg uses information systems to design and manufacture products. this is an example of
    14·1 answer
  • The marginal cost curve crosses the average total cost curve at a. The efficient scale. b. The minimum point on the average tota
    8·1 answer
  • Yates Company's records provide the following information concerning certain account balances and changes in these account balan
    15·1 answer
  • A partial reinforcement schedule that reinforces a response after an unpredictable number of responses is a ________ schedule. v
    6·1 answer
  • Canedo Incorporated reported the following results from last year’s operations: Sales $ 9,600,000 Variable expenses 7,170,000 Co
    9·1 answer
  • Applying the direct write-off method to account for uncollectibles
    11·1 answer
  • In a 1988 study, Fama and French found that the return on the aggregate stock market was __________ when the dividend yield was
    6·1 answer
  • The definition of a(n) _________ is when our desired outcomes do not match the actual situation.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!