Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jill Connor is employed as a salesperson in the men's department of Fashion Line. In addition to her weekly base salary of $355, Connor is

image text in transcribedimage text in transcribed

Jill Connor is employed as a salesperson in the men's department of Fashion Line. In addition to her weekly base salary of $355, Connor is paid a commission of 1% on her total net sales for the week (total gross sales less any customer returns). During the past week, to promote the sale of its fine cashmere sweaters, Fashion Line agreed to pay Connor an additional PM (push money) of 1% of the total net sales of cashmere sweaters. Connor's weekly sales tally is given below. Item Gross Sales Customer Returns Regular sweaters $410 $47 Cashmere sweaters 997 74 Ties 191 0 Dress shirts 458 45 Sports shirts 192 24 Compute Connor's total weekly earnings, showing her (a) weekly base salary, (b) commission, (c) PM, and (d) total weekly earnings. Round your intermediate and final answers to the nearest cent. a. Weekly base salary: Weekly gross sales Less customer returns Weekly net sales b. Commission: $ x 1% Weekly gross sales of cashmere sweaters Less customer returns Weekly net sales of cashmere sweaters c. Push money (PM): $ x 1% d. Total weekly earnings Carson Beck has worked for 4 months at the local Worst Buy Shop. As a full-time student at the local university, he is being paid an hourly rate of $4.55 an hour. One week, Beck worked 39 hours. Round your answers to the nearest cent. a. Beck's earnings for the week are $ b. Is the hourly rate in violation of the FLSA? c. If the hourly rate is in violation of the FLSA, what is the amount the shop should pay Beck for the week? When computing the per hour rate, use the government's rounding rule in your calculation

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

The Internal Auditing Pocket Guide

Authors: J. P. Russell

1st Edition

0873895606, 978-0873895606

More Books

Students also viewed these Accounting questions