You have just started a sales job in a department store. Your pay consists of a base
Question:
You have just started a sales job in a department store. Your pay consists of a base salary and a commission. The base salary is $5,000. The scheme shown below is used to determine the commission rate.
Sales Amount Commission Rate
$0.01–$5,000 ........................................... 8 percent
$5,000.01–$10,000 .................................. 10 percent
$10,000.01 and above ........................... 12 percent
Note that this is a graduated rate. The rate for the first $5,000 is at 8%, the next $5000 is at 10%, and the rest is at 12%. If the sales amount is 25,000, the commission is 5,000 * 8% + 5,000 * 10% + 15,000 * 12% = 2,700.
Your goal is to earn $30,000 a year. Write a program that finds the minimum sales you have to generate in order to make $30,000.
Step by Step Answer:
Program Plan 1 Create a ciass FinanceAppfication 2 Declare and Initiate the variables final double commession8Pct 008 8 final clout commission10Pct 01...View the full answer
Introduction to Java Programming, Comprehensive Version
ISBN: 978-0133761313
10th Edition
Authors: Y. Daniel Liang
Students also viewed these Computer science questions
-
Rewrite Programming Exercise 5.39 as follows: ? Use a for loop instead of a do-while loop. ? Let the user enter COMMISSION_SOUGHT instead of fixing it as a constant. You have just started a sales job...
-
Write a method that computes the commission, using the scheme in Programming Exercise 5.39 . The header of the method is as follows:public static double?computeCommission(double?salesAmount)Write a...
-
The U.S. Department of Labor publishes descriptions of jobs, educational requirements, and the outlook for many jobs and professions. Go to its site at www.bls.gov and answer the following questions:...
-
Add to Graph a method subgraph() that takes a SET as its argument and returns the induced subgraph (the graph comprising the specified vertices together with all edges from the original graph that...
-
Which functions in Exercise 12 are onto? In exercise 12 a) f (n) = n 1 b) f (n) = n2 + 1 c) f (n) = n3 d) f (n) = n/2
-
Both philosophy and vision are somewhat hazy concepts. How can they be made clear to employees? Why are philosophy and vision included as early elements in the organizational behavior system? Give an...
-
What role does the benefit received in exchange for the long-term obligation play in the determination of the effective interest rate?
-
Dodson Co. is planning to finance an expansion of its operations by borrowing $120,000. City Bank has agreed to loan Dodson the funds. Dodson has two repayment options: (1) to issue anote with the...
-
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 10,100 shares of Bengals Inc. common stock purchased on September 12, Year 1,...
-
Use the Newton forward-difference formula to construct interpolating polynomials of degree one, two, and three for the following data. Approximate the specified value using each of the polynomials....
-
Write a program that simulates flipping a coin one million times and displays the number of heads and tails.
-
Write a program that prompts the user to enter a decimal integer and displays its corresponding octal value. Dont use Javas Integer .toOctalString(int) in this program.
-
If you had five exhibits to present to the Review Board, providing an effective coverage of the companys current product portfolio, which ones would you select, and why?
-
E 1 0 . 1 9 ( LO 3 ) ( Depletion Computations - Timber ) Stanislaw Timber Company owns 9 , 0 0 0 acres of timberland purchased in 2 0 1 4 at a cost of $ 1 , 4 0 0 per acre. At the time of purchase,...
-
Question 01 You were hired as an engineer to evaluate some soil characteristics and conditions to which it is subjected. To do this, you obtained the information presented in the stratified soil...
-
1 According to Strudler, the reason lying is worse than misleading is thatl ying damages trust whereas misleading does not damage any trust. According to Strudler, the reason lying is worse than...
-
During the COVID-19 19 pandemic, 50 patients over the age of 60 were admitted to a hospital, where 25 patients were completely cured without needing to enter the intensive care rooms. The ages of 25...
-
In Exercises 5-20, find the range, variance, and standard deviation for the given sample data. Include appropriate units (such as "minutes") in your results. (The same data were used in Section 3-1,...
-
Town Finance Corporation (TFC) foreclosed on a mortgage following a dispute with Hughes as to whether a loan had been repaid. TFC had a locksmith remove the locks of Hughes dwelling. When no one was...
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
a. Carlys Catering provides meals for parties and special events. In Chapter 2, you wrote an application that prompts the user for the number of guests attending an event, displays the company motto...
-
a. Sammys Seashore Supplies rents beach equipment such as kayaks, canoes, beach chairs, and umbrellas to tourists. In Chapter 2, you wrote an application that prompts the user for the number of...
-
The code between a pair of curly braces in a method is a _____________. a. Function b. Brick c. Block d. Sector
-
OMEGA Hotel provides a type of rooms with a sale price of 50 euros. Its total fixed cost amounts to 100,000 euros. The variable cost per room was estimated at 25 euros. The dead point in rooms is:...
-
You are required to use a financial calculator or spreadsheet (Excel) to solve 10 problems (provided on page 5) on the applications of the time value of money. You are required to show the following...
-
Mongo Bongo sells $7,500 of its bongos on credit on a daily basis. Because Mongo Bongo deals with beatniks, it takes 75 days to collect its A/R. (1a) What is the average A/R that is reported on...
Study smarter with the SolutionInn App