How much is his total commission during a month

Assignment Help Accounting Basics

Reference no: EM132826430

Question - Christopher has a monthly commission plan where he receives 2% commission on all his sales for the month. If his sales exceeds Php 40,000.00, a bonus of 1% of everything over Php 40,000 is given to him. For sales more than Php 80,000.00 an additional 1% of everything over Php 80,000.00 is received. How much is his total commission during a month when he had total sales of Php 96,500.00?

Reference no: EM132826430

Questions Cloud

Components of attribution theory : Use the components of Attribution Theory to analyze her behavior. Specifically, is each component high or low and what is your resulting attribution

Which amortization of a bond premium results in : Which one example of a temporary difference between financial and tax reporting results from? Amortization of a bond premium results in

How many years must you live to make lifetime subscription : Your Green Investment Tips subscription is about to expire. How many years must you live to make the lifetime subscription the better buy

What the bond markets and the financial press are : The recorded cost of the asset is $67,100. The straight-line method is used to calculate depreciation. Which of the following statements is true?

How much is his total commission during a month : For sales more than Php 80,000.00 an additional 1% of everything over Php 80,000.00 is received. How much is his total commission during a month

How should an organization choose between a decision : How should an organization choose between a decision that is legal and in the best financial interests of the organization, but which could be viewed.

Calculate the interest expense for the first year : The effective rate of interest was 7.99%, how would Aspinwall calculate the interest expense for the first year on the bonds using the effective interest method

Determine the cash payments made during May : During May, cash receipts totaled $345,600 and the May 31 balance was $95,230. Determine the cash payments made during May

How politics and power-play have influenced fedex culture : Explain how politics and power-play may have influenced FedEx culture. Explore the sources of power and describe how management could use this influence.

User Account

All Pages