Answer:
$120
Explanation:
The total revenue brought to the company by this employee is:
$350 + $250 = <em>$600</em>
Since he/she earns a 20% commission on the goods sold, this particular employee will receive:
$600 * 0.2 = $120
*0.2 is the multiplier when it's 20%
In other words, he/she earns $20 out of each $100 in sold goods. Since his/hers total sold goods consist out of 6 factors of $100, the same proportion will apply to the commision, that is $20 * 6 = $120.
The law of diminishing marginal returns holds for a situation in which some inputs are variable and some inputs are fixed.
<h3>What is the law of
diminishing marginal returns?</h3>
The law of diminishing marginal returns states that after some optimal level of capacity is reached in a production process, an additional factor of production would result in a lessening of output (quantity of production).
In this context, we can infer and logically deduce that the law of diminishing marginal returns would only hold for an economic situation in which some inputs are variable and some inputs are fixed.
Read more on diminishing marginal returns here: brainly.com/question/13767400
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<span>Decrease $49,605
could you mark brainliest please?</span>
Answer:
Look at explanation.
Explanation:
If they make music at guitar piano and harmonium then their music will be best .
They can earn money if they have soft voice with nice tune of music.
Using FIFO;
The Ending inventory = 7
Cost of goods sold = $9240
<h3>What is FIFO in accounting?</h3>
FIFO is the acronym for the First In, First Out, which is the principle in which assets produced or acquired first are sold, used, or disposed of first.
Using the FIFO asset-management procedure;
Total assets owned = 6 + 5 + 4 + 6 = 21
Total sales = 4 + 3 + 7 = 14
Ending inventory = 21 - 14
Ending inventory = 7
Cost of good sold is calculated using FIFO as follows:
Total goods sold = 14
Cost of goods sold = 6 * $830 + (1 + 4) * 840 + 3 * $850
Cost of goods sold = $9240
In conclusion, using FIFO, the first goods bought are sold first.
Learn more about FIFO at:brainly.com/question/24938626
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