Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Activity 1. Peter is a broker who earns commission of 3 % on all securities sales that he makes. For the past year, he closed

image text in transcribed

Activity 1. Peter is a broker who earns commission of 3 % on all securities sales that he makes. For the past year, he closed sales totaling P928,867. Find the amount of commission he earned for the year. 2. Roger is a Sales Engineer receiving a basic monthly compensation of P13,500.00 and commission on all sales of 1% Compute for his gross earnings for the month if he sold P124,580,00 3. Alex is a straight commision Salesman. He is given commission on the basis of the following schedule: Monthly Sales Less than P50,000 1% P50,000-99,999 2% P100,000-149,999 3% P150,000 and above 4% Compute for his commission assuming his total sales is: a. P75,800 b. P49,900 c. P151,200 d. P123,500 4. Moses is a Sales Representative receiving an annual salary of P130,000 plus commission on all his sales above quota of P25,000 in accordance with the following schedule: 1% 1% First P30,000 above quota Next P50,000 Next P70,000 Over P150,000 2% 3% Compute for his gross earnings if his sales for the month: a. P24,800 b. P57,600 c. P67,700 d. P120,300

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_2

Step: 3

blur-text-image_3

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

Auditing And Systems Exam Questions And Explanations

Authors: Irvin N. Gleim, William A Hillison

18th Edition

1581943016, 978-1581943016

More Books

Students also viewed these Accounting questions

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago