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

Question

1 Approved Answer

An account executive receives a base salary plus a commission. On $40,000 in monthly sales, the account executive receives $4200. On $60,000 in monthly sales,

An account executive receives a base salary plus a commission. On $40,000 in monthly sales, the account executive receives $4200. On $60,000 in monthly sales, the account executive receives $4800. (a) Determine a linear function that will yield the compensation y of the sales executive for a given amount of monthly sales x

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

Finite Geometry And Combinatorics

Finite Geometry And Combinatorics

Authors: F De Clerck ,J Hirschfeld

1st Edition

0521448506, 978-0521448505

More Books

Students also viewed these Mathematics questions

Question

★★★★★
An arbitrager at Deutsche Bank notices that the yield on Brazilian Real 6-month risk-free bills is 5.5% per annum and the yield on U.S. 6-month T-bills is 7% per annum. The arbitrager also observes...

Answered: 1 week ago

Question

★★★★★
Imagine you are writing the disk-management part of an operating system. Logically, you represent the disk as a sequence of blocks, from 0 on the inside to some maximum on the outside. As files are...

Answered: 1 week ago

Question

★★★★★
1. Use the decision tree that we built in the case study (shown in Figure 8.8) to predict the income level for each of the following people: a. A married 30-year-old woman with 16 years of education...

Answered: 1 week ago

Question

★★★★★
Connie Chung Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2013. At that time the inventory had a cost of $54,000 and a retail price of $100,000. The following...

Answered: 1 week ago

Question

★★★★★
An account executive receives a base salary plus a commission. On $40,000 in monthly sales, the account executive receives $4200. On $60,000 in monthly sales, the account executive receives $4800....

Answered: 1 week ago

Question

★★★★★
Suppose we have the triangle with vertices P(1,4, 1), @(4, 6, 3). and R(6, 0, 1). Answer the following questions. 1. Find a non-zero vector orthogonal to the plane through the points P, @}, and R....

Answered: 1 week ago

Question

★★★★★
A home office ships merchandise to the branch at 30% above cost. The allowance for overvaluation at the beginning of the year was P24,000 and at the end of the year, the balance before adjustment was...

Answered: 1 week ago

Question

★★★★★
Johnson Bookkeeping has a computer that was purchased July 1, 2019, for $1,800. Ms. Johnson thinks that the computer will be obsolete by June 30, 2021, and will have no value at that time. What is...

Answered: 1 week ago

Question

★★★★★
Below are a few transactions for Orion Energy (located in Manitowoc, WI), that relate to Orion's liabilities. Orion Energy has a December 31 fiscal year-end. 2021 Jan. 13 Orion Energy entered into a...

Answered: 1 week ago

Question

★★★★★
Do the Math 3-5 Construct Financial Statements Thomas Green, of Laramie, Wyoming, has been a retail salesclerk for six years. At age 35, he is divorced with one child, Amanda, age 7. Thomas' salary...

Answered: 1 week ago

Question

★★★★★
On January 1, Palisades, Inc., acquired 100 percent of Sherwood Company's common stock for a fair value of $120,240,000 in cash and stock. The carrying amounts of Sherwood's assets and liabilities...

Answered: 1 week ago

Previous Question Next Question