The following events took place at a manufacturing company for the current year: (1) Purchased $95,000 in direct materials. (2)
1 answer:
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Answer:
rate = 6.54%
Explanation:
we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.
<u>So we build the following equation:</u>
rate = 0.065417765 = 6.54% after rounding
This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.
Answer:
$5,055,000
Explanation:
Note: <em>The full question is attached below</em>
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Particulars Amount
Cash $875,000
Accounts receivable $2,695,000
Less: Installments not due in 2021 <u>($600,000)</u> $2,095,000
[$1,200,000 - ($150,000 * 4)]
Inventory <u>$2,085,000</u>
Total of current assets <u>$5,055,000</u>
The earnings of the three employees are X=$2,135, Y=$392, Z=$260.
<h3>What is the commission?</h3>The commission is basically the amount of service charge which is given by the employer to their employee in addition to his income.
Let, the three employees be X, Y, and Z.
Given that,
Employee X earns $2,000 with 3% on all sales.
Employee Y earns 7% on all sales.
Employee Z earns 5% on the first $40,000, and 8% for sales over $40,000.
The table is shown in the image below about the sales of December, January, and February.
<h3>Computation of earning:</h3>Earning in December are as follows:
<u>Employee </u><u>X</u><u>: </u>
<u>Employee </u><u>Y</u><u>:</u>
<u>Employee </u><u>Z</u><u>:</u>
Hence, employee A has the largest amount of earnings in the month of December.
Therefore, option A is correct, where A is the salary plus commission employee.
Learn more about commission, refer:
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