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:

Q: Total sales for Appliance Center were $205,000 for the week. These sales included a 6% sales tax.…

A: Actual sales = Total sales / (1 + Sales tax rate)

Q: 4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first $6000 in sales…

A: Commission % of first 6000 of sales = 8% Commission % of sales over 6000 = 12% Sales = 14,680 Sales…

Q: Complete the following table: Employee Ryan Total sales $ 291,000 Commission rate 6 % Draw $ 7,800…

A: The question is based on the concept of Financial Accounting.

Q: Butter cup company distribute a single product. The company's sale's and expenses for last month…

A: Break Even point in units =Fixed Expense/Contribution per unit Break Even point in Sales= Fixed…

Q: SkiBlu, Ltd., divides its customers into Gold customers and Silver customers. The company has one…

A: Lets understand the basics. We are required to calculate which customer is more profitable for the…

Q: For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising…

A: Accounts Receivable:Sales form an important source of revenue for an enterprise. Sometimes, a…

Q: Digiview, Inc. is a company that offers video streaming of entertainment content for an annual fee…

A: CPM  $4 Per Thousand Impressions CPC  $0.25 Per Click Number of Impressions on E-Monthly…

Q: A yogurt company sells its product for S4 per cup. The variable costs to produce each cup add up to…

A: The Unit Contribution Margin is a key financial metric that represents the amount of money each unit…

Q: Denim Inc. sells printers for $255.00 each. The variable costs per printer are $57.00 and the fixed…

A: selling price per printer = s = $255 Variable cost per printer = vc = $57 Fixed cost = fc = $110,000…

Q: The Best Taste ice cream company has a weekly fixed cost of $ 325 and a cost of $1.5 per cup. The…

A: Given information is: Fixed Cost per week = $325 Variable cost per cup = $1.5 Selling price of one…

Q: An answering machine cost a dealer $220.00 less 31.5%, 7%. It is regularly priced at $212.00. The…

A: Answering machine cost = $220 Less- Discount @ 31.50% = $69.30 Machine cost after discount = $220…

Q: To test and assess what you have learned from this module, let us now compute the following. 1.…

A: The gross earning of salesperson includes the fixed pay and sales commission as a percentage of…

Q: The following data relate to a company that produces and sells a travel guide that is updated…

A: Contribution margin ratio is the ratio of contribution per unit to sales per unit. It can be…

Q: If Romeo's Racket Ball business has sales for the month of 10,000 racketballs and a racketball sells…

A: To derive accounting profit, all the expenses that are directly a part of company's operations are…

Q: Geoffrey Young, an outside sales representative for Marshall Communications, receives a 5 percent…

A: Geoffrey Young's gross pay, including her commission, can be calculated by adding her commission…

Q: Required information [The following information applies to the questions displayed below.] Marathon…

A: Operating income, also known as operating profit or operating gain, is the money a company earns…

Q: Francois French manufactures cheese, which he normally sells at €20/kg, on which sales commission of…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A:

Q: Management is considering a change in the sales force compensation plan. Currently each of the…

A: CVP Analysis stands for Cost-Volume Profit analysis. Under CVP analysis, we analyse the impact of…

Q: To test and assess what you have learned from this module, let us now compute the following. 1.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: rank's Factories has a staff of sales people like Anthony, who receives a monthly sa 23,300.00, what…

A: The gross pay for Anthony can be computed as follows: Gross pay = Basic pay + Incremental comision…

Q: You are the sales manager for Solar Panel Company. You receive a commission based on the total sales…

A: x = 2% commission on first $80000 sales y = 4% commission on $80000 to $160000 sales z = 5%…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and…

A: The point at which a business experiences no profit or loss is known as the break-even…

Q: Jin's regular rate of pay is $22 per hour. He is given 1.5 times the rate of pay for days he works…

A: Amount earned during the week=Regular pay+Overtime pay

Q: ssuming situation (a), prepare the employer's September 30 journal entry to record the employer's…

A: The payroll journal entry consists ofThe payroll journal entry consists of the employees' gross…

Q: A. Solve the following problems and show your complete solution. 1. Incremental Commission or…

A: Total commission is calculated by adding the all commission paid during the year.

Q: Travel Agency specializes in flights between Toronto and Peru. It books passengers on Toronto Air.…

A: Break-even point (in units) =fixed cost/ contribution margin per unit Units to be sold to get target…

Q: how much commission should the agency receives?

A: Given information is: Last month Kir’s agency booked Php 140, 500 in airline fares on  Galaxay…

Q: ABC Audio sells headphones and would like to earn an after-tax profit of $996 every week. Each set…

A: Income statement is a financial statement that shows profitability, total revenue and total expenses…

Q: D) Logan company pays Okamoto a $9,000 monthly salary plus a 4% commission for sales over $60,000.…

A: Commission is certain percentage of amount the sales person sells. D. basic salary = $9000 over…

Q: Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $ 1,507…

A: Traditional Method Traditional income statement is a formal presentation of all income and expenses…

Q: Marwick's Pianos, Inc., purchases pianos from a large manufacturer and sells them at the retail…

A: Under Traditional method, the cost of goods sold is deducted from sales revenue to arrive at the…

Q: Publisher Co. delivers 1,000 books to Bookstore Co. under a consignment arrangement. The cost per…

A: WORKING :   1. SALES : AMOUNT REMITS= SALES (1.02) - SALE X COMMISSION - SALE X TAX RATE  $245,700 =…

Q: arwick’s Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,482 per…

A: Financial Statement - It is formal records of the financial activities of particular period and…

Q: Seaside Sandals Company is a retailer of leather sandals. Operating income for the month of March is…

A: The contribution margin is calculated as difference between sales and variable costs. The break even…

Q: calculating commissions  The M7H pays its employees an hourly wage plus commision of 7% of their…

A: Total wages is calculated by multiplying wage rate into hours worked and add commission to calculate…

Q: The Deluxe Register Company sells 1,000 register books annually at a price of $35 each. If the…

A: Markup of selling price means the amount (Profit) which is added to the cost of item to determine…

Q: ASK YOUR TEACHER The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.0% less the…

A: Weekly payroll = $54174   SUTA rate = 5.40% of Weekly payroll FUTA rate = {6-5.40}% = 0.60% of…

Q: The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on…

A: 1. Tina Valendez Commission = $ 2,392.50 x 8% = $ 191.4 2. Jan Yarrow  Commission = $ 3,480.75 x 8%…