Margit is paid on a weekly commission basis. She is paid a base salary of $540 on
Question:
Margit is paid on a weekly commission basis. She is paid a base salary of $540 on a weekly quota of $8000 and a commission of 4.75% on any sales in excess of the quota.
(a) If Margit’s sales for last week were $11 340, what were her gross earnings?
(b) What were Margit’s average hourly earnings if she worked 35 hours?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a Margits gross earnings for last week were 72230 calculated as her ...View the full answer
Answered By
Ravi Tomar
I have 5 years of experience as an Agricultural Economics tutor. During this time, I have been able to successfully provide guidance to students in their studies and help them develop their knowledge and understanding of the subject. My approach to teaching has always been to combine academic learning with practical application, often drawing on my professional experience to help students better understand how the concepts they learn apply to the real world. I also focus on helping students develop critical thinking skills, enabling them to tackle problems independently and develop their own solutions. I have also been able to provide support on specific assignments, helping students to structure their work and ensure that it meets the required quality and standards.
0.00
0 Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Question Posted:
Students also viewed these Mathematics questions
-
A man is paid on a salary-plus-commission basis. He receives $278 weekly in salary and a commission based on 5 % of all weekly sales over $2000 If he sold $7,823 in merchandise in one week, find his...
-
Henry, who earned $84,420 during 2014, is paid on a monthly basis, is married, and claims four allowances. a. What is Henrys federal tax withholding for each pay period? b. What is Henrys FICA...
-
Dwayne Moody is paid on a salary-plus-commission basis. He receives $275 weekly in salary and a commission based on 5% of all weekly sales over $2,000. If he sold $7,821 in merchandise in one week,...
-
Suppose you have the following training set, and fit a logistic regression classifier : ho(x) = g(00+011+0x2) O O O Which of the following are true? Check all that apply. a) Adding polynomial...
-
The cp of a working substance is known to be 2.0 kJ/kg-K at 500 K. A software is used to simulate the heating of the substance at constant pressure (cp). It produces the following behavior: At 500 K,...
-
What steps can organizations take to improve promotion satisfaction, supervision satisfaction, and coworker satisfaction? page 119
-
3. Why could growth through a series of bolt-on acquisitions createmore value than growth through a single large acquisition? (Consider premium paid and synergies created for each individual...
-
On August 1, 2010, Pereira Corporation has ready for sale 2,000 Wiglow instruments. During the next 5 months, 1,600 Wiglows are sold at $460 each with a one-year warranty. Pereira estimates that the...
-
On 1/1/19, Lansing Company leased machinery with a fair value of $1,600,000 from Green Corporation. The agreement is an 8-year noncancellable lease requiring annual paymentsof $250,000 beginning...
-
Suppose that it is one year after EBVs investment in Newco, and Tall-tree makes a Series B investment for 6M shares of Newco at $0.2 per share. Following the Series B investment, what percentage of...
-
Convert mixed numbers to improper fractions, and improper fractions to mixed numbers. 31/4
-
Change each of the following percents into a decimal. 8 1/4%
-
A single crystal of zinc is oriented for a tensile test such that its slip plane normal makes an angle of 65 with the tensile axis. Three possible slip directions make angles of 30, 48, and 78 with...
-
Assume an organic compound has a partition coefficient between water and ethyl acetate equal to 8.12. If there are initially 7.10 grams of the compound dissolved in 75.0 mL of water, how many grams...
-
Berger Paint Pakistan limited produces three types of joint products, S ilver paint, G olden paint and D iamond paint. During March, 2020, the following information was recorded : Particulars Silver...
-
Choose an industry in which you are interested in working. How is that industry trending? What internal and external factors may affect the direction of the organization? For your initial post,...
-
show all work and Computations and if favorable or unfavorable. Standard Cost Data per 1 Unit Quantity Price Direct Labor 2 hrs $4.00/hr Actual Data: Units produced 20 20 Direct Labor 30 hrs; total...
-
4. A petroleum company is considering the expansion of its one unloading facility at its Australian refinery. Due to random variations in weather, loading delays, and other factors, ships arriving at...
-
At this instant, the particle has steady speed and is curving to the right. What is the direction of its acceleration?
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Use an electronic calculator equipped with a natural logarithm function to evaluate each of the following. a. ln 2 b. ln 200 c. ln 0.105 d. ln[300(1.1015)] e. ln(2000/1.099)
-
Reduce to lowest terms. (a) 12 to 32 (b) 84 to 56 (c) 15 to 24 to 39 (d) 21 to 42 to 91
-
The cost of warehouse space is allocated to three inventories: raw materials, work- in-process, and finished goods. The inventories use the warehouse space in the ratio of one-third to one-sixth to...
-
Problem Set Time Value of Money 1. In 10 years, what is the value of $100 invested today at an interest rate of 8% per year, compounded annually? 2. In 10 years, what is the value of $100 invested...
-
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $120,000 Conversion costs:...
-
Q3 plz answer correctly and check work Builtrite's upper management has been comparing their books to industry standards and came up with the following question: Why is our operating profit margin...
Study smarter with the SolutionInn App