**Question 5:**Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first $1,500 in sales during the week and 10% on all sales over $1,500. What is her commission in a week during which she sells $7,500 worth of closet organization systems?

The sales commission can be calculated on the basis of commission structure. The first $1,500 worth…

Answered: 5. Audrey Sanders sells closet…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Lee Company pays its employees on a variable commission scale: 6% on the first $40,000 sales, 7% on sales from $40,001 to $80,000, and 13% on sales of more than $80,000. May West, an employee of Lee, has $230,000 in sales. What commission did May earn?
B7).
8. Shane’s Cafeteria is open six days a week. Her gross sales for the second week of October were: Tuesday ₱20,675 Wednesday 18,920 Thursday 21,455 Friday 15,670 Saturday 20,983 Sunday 23,461 Find the average daily gross sales for the week.
5. Genesis Company is a wholesaler. It purchases 60.000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Note: Kindly input your answer with comma. Example: 10,000 Required: Previously, the company had been purchasing 5,000 units of product X per order: a. What is the ordering cost per year under the previous policy? b. The annual carrying cost? c. How much money does the company save over the policy of purchasing 5,000 units per order using the EOQ policy?
: A newsvendor purchases units for $10 and sells each one for $18. Inventoryis salvaged for $6. He orders 45,000 units and expected sales are 35,000. What is hisexpected profit?
2. How many regular hours will someone need to work to earn $250 at $12.50/h? 3. Determine two equivalent fractions for 6/8. 4. 4 = 5. How much is 5% commission on $15 000 sales?
3. February, a retail shop purchased golf clubs for $497 per set. The original markup was 35% based on cost. In April, the shop took a 23% markdown by having a special sale. After two weeks, the sale was over and the clubs were marked up 10%. In June, the shop offered a storewide sale of 16% off all merchandise, and in September, a final 11% markdown was taken on the clubs. What was the final selling price of the golf clubs? 4 The original price of shoes is $121.12. If the sale price is $113.05, how much is the markdown? Round off answer to the nearest centavo.
8. A beauty supply store expects to sell 120 flat irons during the next year. It costs $1.60 to store one flat iron for one year. To reorder, there is a fixed cost of $6, plus $4.50 for each flat iron ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? how many flat irons per order how many orders per year
The Verizon publishing company pays its sales people a weekly salary plus a 2% commission on all net sales over 5,000 (no commission on returned goods.) Complete the following. Employee: Ryan Gross sales: $13,125 Return: $125 Net Sales: Given quota: $5,000 Commission sales: Commission Rate: 2% Total commission: Regular wage: $250 Total Wage:

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5. Audrey Sanders sells closet organization systems. She is paid a commission of 5.14% of her first $1,500 in sales during the week and 10% on all sales over $1,500. What is her commission in a week during which she sells $7,500 worth of closet organization systems?