FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A man is paid on a salary-plus-commission basis. He receives $279 weekly in salary and a commission based on 4% of all weekly sales over

image text in transcribed
A man is paid on a salary-plus-commission basis. He receives $279 weekly in salary and a commission based on 4% of all weekly sales over $2,010. If he sold $7,825 in merchandise in one week, find his gross earnings for the week. The man's gross eamings for the week were $ (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk Based Management Led Audit Driven Safety Management Systems

Risk Based Management Led Audit Driven Safety Management Systems

Authors: Ron C. McKinnon

1st Edition

1498767923, 978-1498767927

More Books

Students also viewed these Accounting questions

Question

★★★★★
Are there reasons to doubt the policy ineffectiveness proposition? Briefly explain.

Answered: 1 week ago

Question

★★★★★
=+5. Use the combined class data to estimate the probability that a player of this skill level has a streak of at least 5 somewhere in a sequence of 50 free throw attempts.

Answered: 1 week ago

Question

★★★★★
ArticleIndex.com is a company that produces indexes of magazine and periodical articles for a given discipline. AWeb user should be able to enter an article topic or authors and receive a detailed...

Answered: 1 week ago

Question

★★★★★
A man is paid on a salary-plus-commission basis. He receives $279 weekly in salary and a commission based on 4% of all weekly sales over $2,010. If he sold $7,825 in merchandise in one week, find his...

Answered: 1 week ago

Question

★★★★★
Adjusted balance PR 7-5B Bank reconciliation and entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to...

Answered: 1 week ago

Question

★★★★★
3. Consider company ABC. Today it is 1st of January 2022. The expected earnings of ABC (in million ) for the next few years (as per the 1st of January) are forecast to be: Year 2023 2024 2025 2026...

Answered: 1 week ago

Question

★★★★★
Smith Co. is considering the following alternative plans for financing the company: Issue 10% bonds (at face) Issue common stock, $10 par Plan I Plan II $1,000,000 $3,000,000 2,000,000 Income tax is...

Answered: 1 week ago

Question

★★★★★
In a time-sharing computer systern, the number of teleport inquiries averages 0.3 per millisecond a) Find the probability that at least one inquiry is made during the next millisecond. b) Find the...

Answered: 1 week ago

Question

★★★★★
2. (a) A two-area power system connected by a tie-line has the following characteristics on a common 1000 MVA base: Area 1 2 R R = 4% R2=5% D D = 0.5 D2=0.8 Each area has a generating unit and these...

Answered: 1 week ago

Question

★★★★★
[The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Accounts receivable Percent uncollectible...

Answered: 1 week ago

Question

★★★★★
a lack of participation in decision making and initiative by employees;

Answered: 1 week ago

Question

★★★★★
too much short-term, situational thinking, and a lack of long-term planning;

Answered: 1 week ago

Question

★★★★★
Exposure to market forces has focused attention on the cost of human resources as a high proportion of operating costs.

Answered: 1 week ago

Previous Question Next Question