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
lora16 [44]
3 years ago
10

Inez is compensated based on a plan that pays a base salary, with commission in addition. Inez receives $40,000/year salary (and

is paid monthly); additionally, she receives 8% on all sales in excess of $50,000 in sales/month. In April, Inez sold $69,500 of product. Calculate her monthly earnings.
Business
1 answer:
belka [17]3 years ago
5 0

Answer:

$4,893.33

Explanation:

Inez's monthly earnings in April comprises of her monthly salary and the performance bonus which are both computed as shown below:

monthly salary=annual salary/12 months

annual salary

monthly salary=$40,000/12

monthly salary=$3,333.33

Note that the performance bonus is not based on the entire sales revenue generated by her but on the sales revenue above the threshold of $50,000

sales performance bonus=($69,500-$50,000)*8%

sales performance bonus=$1,560

monthly earnings=$3,333.33+$1,560

monthly earnings=$4,893.33

You might be interested in
Breaking rules at a factory could mean all of the following, except
Margaret [11]
Breaking rules at a factory could mean all of the following except demotion.
3 0
3 years ago
Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto
Maru [420]

Answer:

$12,600

Explanation:

Particulars                                                              Amount

a. Issue common stock for cash                            $40,000

b. Purchase building and land with cash,            -$25,000

c. Provide services to customers on account       $6,000

d. Pay utilities on building                                      -$500

e. Collect $4,000 on account from customers     $4,000

f. Pay employee salaries                                        -$8,000

g. Pay dividends to stockholders                          -<u>$3,900</u>

   Net Cash Flow                                                    <u>$12,600</u>

7 0
2 years ago
Which is an example of a positive incentive for consumers
alex41 [277]

The answer is:  coupon clip from a newspaper.

The rest of the choices are not advantageous for the consumers. A sales tax is a portion of the company's sales deducted. For compensation, the company may increase their prices. A steady rise in profit could also mean high prices which bring in cash flow. Lastly, an increased price is not desirable for consumers.

8 0
3 years ago
Read 2 more answers
Which of the following statements is NOT true of a department in the merchandise classification scheme? it is the second level i
Eva8 [605]
The first one is true I think
7 0
3 years ago
Which of the following best describes the purpose of making an investment
LUCKY_DIMON [66]

Answer:

b.) to use money to make more money

Explanation:

<em>The correct reason for making investments would be </em><em>to use money to make more more money.</em>

<u>A financial investment represents the act of allocating money to a process or an item in order to reap profit or generate income in the short term, the long term, or both. </u>

An investment can be in the form of purchased goods or services that can later be sold at a higher amount. It can also be an item or service that will be yielding immediate income while preserving all or parts of its original value.

The money made on an investment is referred to as gains o returns.

<em>The correct option is </em><em>b</em><em>.</em>

3 0
3 years ago
Other questions:
  • How does supporting fair trade help consumers?
    7·2 answers
  • Jamie’s Bakery, a small chain of eight bakeries in Altamonte Springs, Florida has recorded sales growth of 30 percent or more pe
    6·1 answer
  • President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would a. have no questions but hundreds o
    9·2 answers
  • Marion Franklin is the CEO of a local real estate company, Action Realty. The community has seen an increase in population over
    11·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse
    12·1 answer
  • What is the purpose of capital controls?
    9·1 answer
  • A survey reveals that, on a small island, 175 people have jobs, 25 people are not working but are looking for jobs, and 90 peopl
    11·1 answer
  • A lender checking Jason's credit score for an auto loan would likely notice that...
    14·1 answer
  • What is mainly the effect of including the phrase "A Ballad of the Republic" in the title?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!