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Fynjy0 [20]
3 years ago
5

A salesman receives a fixed salary of $500 per week. In addition he is paid 12% of all sales over $1000. Write the formula that

describes how his weekly salary, s, depends on his weekly revenue, r. (The revenue is the amount of money he collects by selling the goods.)
Business
1 answer:
Alina [70]3 years ago
4 0

Answer:

y = s + 0.12(r-1,000)

Explanation:

Given:

Fixed salary (s) = $500 per week

Additional income = 12% of sales over $1,000

Sales (r) = r

Total weekly salary (y) = ?

Computation of total weekly salary:

Total weekly salary (y) = Fixed salary + Additional income

Total weekly salary (y) = $500 + 12% of sales over $1,000

Total weekly salary (y) = $500 + [12/100] × [sales - $1,000]

Total weekly salary (y) = $500 + 0.12 × [sales - $1,000]

<u>Additional equation:</u>

y = s + 0.12(r-1,000)

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The major drawback of taking out a loan to start a company is?
steposvetlana [31]

Answer: you have to pay back the loan once you start making money. in general you have to pay back the loan. everyone wants free money.

4 0
2 years ago
A company creates 40 units of a product using 30 hours of labor and 15 sheets of paper. Labor costs $10/ hour and paper costs $5
Scorpion4ik [409]

Answer:

0.038 units per $ of factor costs

Explanation:

Labor cost for 40 units  = 30 hours × $10/hour = $300

Cost of paper for 40 units = 15 sheets × $50/sheet = $750

Output = 40 units

Multi factor productivity is expressed as;

Multi factor productivity = Output/Total Factor cost

Multi factor productivity = 40 units/$1050 = 0.038 units per $ of factor cost

Multi factor productivity is a measure that depicts units produced for every $ of factor products used. In the above case 2 factors i.e labor and paper are used.

8 0
3 years ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
bulgar [2K]

Answer:

<em>An inferior good</em>

<em></em>

Explanation:

<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.

5 0
2 years ago
A recent harris poll reported that ________ percent of customers say that they will never return to a business after a negative
faust18 [17]
A recent Harris poll reported that 82 to 91 percent of customers say that they will never return to a business after a negative customer service experience. The percentage of customers decision for never returning to a business due to a bad experience varies according to the industries. The range of the percentage is 82 to 91 percent.
3 0
2 years ago
The general message of the full disclosure principle is that: a. information is symmetric. b. information is costly to fake. c.
erica [24]

Based on financial and accounting principles, the general message of the full disclosure principle is that "<u>the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one."</u>

This is because the full disclosure principle state that all information should be documented in a company or individual financial statements which are believed to affect a reader's knowledge of that specific financial statement.

This ensures that every party that needs to access the financial statements under concern should fully understand them without missing any form of information.

Otherwise, any missing link or information will be ruled in favor of the less favored party in a legal situation.

Hence, in this case, it is concluded that the correct answer is option D.

Learn more here: brainly.com/question/24280368

6 0
2 years ago
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