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Mark works strictly on commission of his gross sales from selling two different products for his...
George saves 18% of his total gross weekly earnings from his 2 part-time jobs
George saves 18% of his total gross weekly earnings from his 2 part-time jobs. He earns $6.25 per hour from one part-time job and $7.50 per hour from the other part-time job. George works a total of 40 hours between the two jobs each week. What additional information is needed to determine the amount of his earnings he saves each week?
7. Bill Earner is unhappy about his latest sales results: his total dollar sales of products...
7. Bill Earner is unhappy about his latest sales results: his total dollar sales of products A and B have increased but his gross profit percentage has declined over the previous year. He wonders whether it is time to drop product B whose volume has declined to 2,000 units versus the 10,000 units sold of product A. Bill's total sales for the year were $400,000, his total cost of goods sold was $325,000 and his total overhead $50,000. Product B...
PSa 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees....
PSa 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Samuel Worthy earns both $7.25/hour and a 10% commission on all sales. During the most recent week, he worked 42 hours and made total sales...
Analysis of this case? Selling expensive insurance policies Ahmad works for a life insurance company as...
Analysis of this case? Selling expensive insurance policies Ahmad works for a life insurance company as a sales representative. He has been working in that company for more than five years. He has got good communication and presentation skills. He has attended several workshops on sales and marketing to enhance his skills. The company is happy with its performance and gives a good salary and commission on the policies he sells. Ahmad has several plans to sell. One of the...
the manufactures two different products. For many years, the company has been profitable and operates at...
the manufactures two different products. For many years, the company has been profitable and operates at full capacity. However, in the last two years, sale prices were reduced and selling expenses increased because of the competition. Budgeted data for next year are the followings: A2 AI 20,000 $220 $130 10,000 S140 $100 Sales in units Sale price per unit Variable manufacturing costs Variable selling expenses Fixed MOH Fixed Selling expenses $30 $10 $600,000 $200,000 $400.000 $100,000 Additional information: a) All...
4. Sheehan works for Andy Company and is a superior sales guy. His total compensation this...
4. Sheehan works for Andy Company and is a superior sales guy. His total compensation this year is $400,000. Andy sponsors an integrated profit sharing plan with a base percentage of 5% and a maximum excess percentage. It uses the current wage base as the integration level. What is the excess percentage that will be applied Sheehan's compensation above the integration level? a. 5%. b. 5.7%. c. 10%. d. 10.7%. 5. Jacques, who is age 45, has just resigned from...
Ine manufactures two different products. For many years, the company has been profitable and operates at...
Ine manufactures two different products. For many years, the company has been profitable and operates at full capacity. However, in the last two years le prices were reduced and selling expenses increased because of the competition. Budgeted data for next year are the followings: 20.000 $220 $130 AZ 10.000 $140 $100 Sales in units Sale price per unit Variable manufacturing costs Variable selling expenses Fixed MOH Fixed Selling expenses $30 $10 $600,000 $200.000 $400,000 $100,000 Additional information: a) All the...
wo weeks ago Eric earned $280. Income tax was 17 one other deduction of a city income tax of 0 %. FICA is 7.15% of his 5%. Find Eric's net pay for the week. MA 10.3 14. Two weeks ago Eric ear...
wo weeks ago Eric earned $280. Income tax was 17 one other deduction of a city income tax of 0 %. FICA is 7.15% of his 5%. Find Eric's net pay for the week. MA 10.3 14. Two weeks ago Eric earn carnings. Eric has s00 a month. His 00,000. His 1S. Dick Brennan sells products on a commission formula plan. He earns a salary of S commission rate is 1% on sales above S60 000 and an additional 0.5%...
1. Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month,...
1. Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month, and the cost of ingredients and overhead averages $500 per month. Ralph could earn $35,000 per year as the manager of a competing pizza restaurant nearby. His total explicit costs for the year were a. $24,000. b. $66,000. c. $72,000. d. $60,000. e. $6,000....
Use a two-dimensional array to solve the following problem. A company has four salespeople (0 to...
Use a two-dimensional array to solve the following problem. A company has four salespeople (0 to 3) who sell five different products (0 to 4). Once a day, each salesperson passes in a slip for each different type of product sold. Each slip contains the following: a) The salesperson number b) The product number c) The total dollar value of that product sold that day Thus, each salesperson passes in between 0 and 5 sales slips per day. Assume that...
7. Bill Earner is unhappy about his latest sales results: his total dollar sales of products A and B have increased but his gross profit percentage has declined over the previous year. He wonders whether it is time to drop product B whose volume has declined to 2,000 units versus the 10,000 units sold of product A. Bill's total sales for the year were $400,000, his total cost of goods sold was $325,000 and his total overhead $50,000. Product B...
the manufactures two different products. For many years, the company has been profitable and operates at full capacity. However, in the last two years, sale prices were reduced and selling expenses increased because of the competition. Budgeted data for next year are the followings: A2 AI 20,000 $220 $130 10,000 S140 $100 Sales in units Sale price per unit Variable manufacturing costs Variable selling expenses Fixed MOH Fixed Selling expenses $30 $10 $600,000 $200,000 $400.000 $100,000 Additional information: a) All...
4. Sheehan works for Andy Company and is a superior sales guy. His total compensation this year is $400,000. Andy sponsors an integrated profit sharing plan with a base percentage of 5% and a maximum excess percentage. It uses the current wage base as the integration level. What is the excess percentage that will be applied Sheehan's compensation above the integration level? a. 5%. b. 5.7%. c. 10%. d. 10.7%. 5. Jacques, who is age 45, has just resigned from...
Ine manufactures two different products. For many years, the company has been profitable and operates at full capacity. However, in the last two years le prices were reduced and selling expenses increased because of the competition. Budgeted data for next year are the followings: 20.000 $220 $130 AZ 10.000 $140 $100 Sales in units Sale price per unit Variable manufacturing costs Variable selling expenses Fixed MOH Fixed Selling expenses $30 $10 $600,000 $200.000 $400,000 $100,000 Additional information: a) All the...
wo weeks ago Eric earned $280. Income tax was 17 one other deduction of a city income tax of 0 %. FICA is 7.15% of his 5%. Find Eric's net pay for the week. MA 10.3 14. Two weeks ago Eric earn carnings. Eric has s00 a month. His 00,000. His 1S. Dick Brennan sells products on a commission formula plan. He earns a salary of S commission rate is 1% on sales above S60 000 and an additional 0.5%...
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