Company policy requires he return commissions

Assignment Help Accounting Basics
Reference no: EM131753611

Daniel is paid $12.50 per hour and receives commission on net sales. He does not receive commission until his net sales exceed $150,000. Once the minimum sales volume is reached, he receives 5% commission on all of his sales at Carl's Canopies. This week he sold $167,000 of canopies, however, he had $2,400 of returns from last week's sales. Assume 40 working hours in a week. Company policy requires he return commissions on sale returns. What is his gross pay for the week?

Reference no: EM131753611

Questions Cloud

Which two scenarios were your favorites and why : How the scenario you chose is relevant to your own experience or goals .Which two scenarios were your favorites and why .
How the encomienda repartimiento or the slave trade impacted : Explain how the encomienda, repartimiento, or the slave trade impacted the Spanish New World. Title and Works Cited Pages must be each on a new page.
Discuss the polishing department of harbin company : The Polishing Department of Harbin Company has the following production and manufacturing cost data for September
Explain why you think this article is important : The annotation should be a scholarly evaluation of article. Explain why you think this article is important and address any potential ethical concerns .
Company policy requires he return commissions : Company policy requires he return commissions on sale returns. What is his gross pay for the week
Discuss the formation and operational issues : AND: ONLY discuss the formation and operational issues. The issues related to income taxes will be evaluated in the Comprehensive Tax Project.
Discuss year-end as an adjustment to cost of goods sold : disposes of under- or overapplied overhead at year-end as an adjustment to cost of goods sold
Discuss about the research methods and data analysis : Go to the PsycPORT Psychology Newswire website. Choose an article that reports on one or more research studies.
Discussion of automation in your field : Do authors feel that your industry may be disappearing, evolving into something else, or blossoming?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd