How much is salary for the month

Assignment Help Accounting Basics
Reference no: EM132698663

Problem 1: A sales agent receives PhP12,000 a month corresponding to a sales of PhP 30,000 worth of goods. Furthermore, he receives an additional 6% commission for all sales beyond his monthly quota but not greater than PhP 50,000. An additional 3% commission is for sales beyond PhP 50,000. If his sales is PhP 70,000 for the month, how much is his salary for the month?

Reference no: EM132698663

Questions Cloud

Identify a new system requirement : Identify a new system requirement and apply the QFD process (or something of an equivalent nature) in defining the specific characteristics
What type of data would one look at in order to show : What other data should review/ take into consideration before can determine the probability of 70% of students passing this course with a B or an A?
Determine the eoq and annual inventory cost : A distributor is planning to consolidate his two warehouses into a single one. He sells widgets from the warehouse. Each widget costs $100.
How much net amount will receive : The transfer of ownership of the property to the buyer. This expense represents 6% of his total commission. How much net amount will he receive?
How much is salary for the month : An additional 3% commission is for sales beyond PhP 50,000. If his sales is PhP 70,000 for the month, how much is his salary for the month?
Concerning future of juvenile justice system : You are a juvenile justice consultant creating a proposal that will be presented to the state legislature concerning the future of the juvenile justice system.
Examine the various ways of making participation : Examine the various ways of making participation in development planning more effective.
What is the flotation cost charged by its investment banker : If Halo's cost of new common equity is 15 percent, what is the flotation cost charged by its investment banker
Find what is gross pay : Sales 5% on all sales between PhP 50,000 and PhP100,000 4% on all sales over PhP100,000 If his total sales was PhP150,000, what is his gross pay?

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