Question
C.1 Basma receives a OMR 1,000 monthly salary. She also receives a variable commission on net sales based on the following schedule OMR 0 to
C.1 Basma receives a OMR 1,000 monthly salary. She also receives a variable commission on net sales based on the following schedule OMR 0 to 8000 1% 8,001 to 12,000 2% 12,001 to 20,000 3% 20,001 to 40,000 5% 8% More than 40,000 Assume Basma earns OMR 40,000 net sales for the month. What is her gross pay? A.2 Raya bought a Toyota Tundra on January 1 for OMR 50,000 with an estimated life of 5 years. The residual value of the truck is OMR 5,000. (a) Calculate the amount of depreciation [straight-line method of depreciation] (b) Find the rate of depreciation [straight- line method of depreciation] (c) Find the rate of depreciation [Written Value Method] (d) What will be the book value of the truck at the end of year 2
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