Question
A publishing company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods), answer
A publishing company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods), answer the following questions:
| Employee | Gross sales | Returns | Given Quota | Commission Rates | Regular wage |
| Ring | $8,000 | $25 | $5,000 | 2% | $250 |
| Porter | $12,000 | $100 | $5,000 | 2% | $250 |
Required:
a. What are Ring's net sales?
b. What are Ring's commission sales?
c. What is Ring's total commission?
d. What are Ring's total wages?
e. What are Porter's net sales?
f. What are Porter's commission sales?
g. What is Porter's total commission?
h. What are Porter's total wages?
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Handbook Of EDP Auditing
Authors: Michael A. Murphy, Xenia Ley Parker
2nd Edition
0791304116, 978-0791304112
