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1. Answer both A and B questions. A. Explain why a Variable Commission Scale is more advantageous over an Hourly Rate of pay (with overtime
1. Answer both A and B questions. A. Explain why a Variable Commission Scale is more advantageous over an Hourly Rate of pay (with overtime allowance). B. XYZ Company pays Mr. Yarob and Mr. Yasir based on Schedule 0-55 RO 5 56-135 20 136-235 25 Ove 235 30 During the Month Mr. Yarob produced 420 units and Mr. Yasir produced 810 units. Calculate Mr. Yarob's and Mr. Yasir's gross pay? 2. Answer both A and B questions. A. Briefly explain the reason why a capital asset should be depreciated. B. Calculate the rate of depreciation and the depreciation to be charged at the end of the second year, using the written down value method? Life of the asset 5 years Scrap Value at the end of 5 years RO 10,000 Original Investment RO 130,000 3. Answer both A and B questions A. How could you differentiate between Simple Interest and Compound Interest? B. Mr. Jansen approached the bank for a car loan of RO20,000. The bank has approved the loan application for a 10-year fixed-rate loan at 7% annual interest. 1. What is the amount of interest for the eight-year using simple interest? 2. What is the amount of interest for the eight-year using compound interest
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