Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I did not get an answer since I submitted 2 hours ago .... Could someone else review please... Artemis is paid a weekly commission of4%

I did not get an answer since I submitted 2 hours ago .... Could someone else review please...

Artemis is paid a weekly commission of4% on net sales of$6000, 8% on the next$3000, and12.5% on all further sales. Her gross sales for a week were$11,160 and sales returns and allowances were$120.

(a)

What were her gross earnings for theweek?

(b)

What was her average hourly rate of pay for the week if she worked 43hours?

I am getting the hourly rate pay by subtracting the worth sold from the totals and each commission and averaging of the three commission pay to get the hourly pay rate, however my answers are wrong .

A) 870 per week ?

B) 240 + 240 + 270 + 120 = 870 / 43 hours = $20.23 per hour ?

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

International Financial Reporting Standards An Introduction

Authors: Belverd E. Needles, Marian Powers

3rd Edition

1133187943, 978-1133187943

More Books

Students also viewed these Finance questions

Question

=+What is one possible reason for the differences?

Answered: 1 week ago