Question

In: Advanced Math

1) In the month of August, John earned $2750 in commission. His company has provided him...

1) In the month of August, John earned $2750 in commission. His company has provided him with a drawing account of up to $800 per month. If Paul drew $500 on August 15th what is the amount of Paul’s commission check on August 31?

2) Fred earns an annual salary of $46,000 and she is paid semi-monthly. What is her pay per period?

3) Ben purchases fresh blueberries from local pickers to sell at the market over a 12 week period. For the first 4 weeks, he pays the pickers $8.00 basket and buys 62 baskets; during the next 4 week period he pays the pickers $6.00 basket and buys 95 baskets; during the last 4 weeks he pays the pickers $9.50 per basket and buys 56 baskets. What is the average cost per basket to Seth over the whole period?

Solutions

Expert Solution

Colby Messinger answered 1 month ago
Next > < Previous

Related Solutions

. A process description for “Pay Commission" is provided below:            For each COMMISSION EARNED           ...
. A process description for “Pay Commission" is provided below:            For each COMMISSION EARNED                         If EXTRA BONUS equals Y                                   If PAYMENT TOTAL is greater than $80,000                                                 Add 3% to COMMISSION PERCENT                                                 Output SPECIAL LETTER                                                 Output AWARD LIST                                            Else   Add 2% to COMMISSION PERCENT                                                   Output AWARD LIST                 Else                                     If PAYMENT TOTAL is greater than $80,000 Add 1% to COMMISSION PERCENT                                                 Output SPECIAL LETTER...
1.   When John Doe opened an account that allows him to write checks to pay for his...
1.   When John Doe opened an account that allows him to write checks to pay for his groceries and other purchases, the bank is providing the service of: A) Currency exchange B) Discounting commercial notes C) Safekeeping of valuables D) Offering demand deposits QUESTION 15 1.   Which of the following would be the most important consideration for locating a new branch bank? A) Large populations of above average age B) Few shops and a rural farm setting C) A rapidly increasing number...
John has recently discovered that online auctions can provide him with more opportunities to expand his...
John has recently discovered that online auctions can provide him with more opportunities to expand his business on the web. However, John has to conduct research about the various categories of auction Websites before choosing one that suits his business needs. Briefly explain three broad categories of auction Websites that should form part of John's research.
1. John operates a Limited Liability Company, Unity Landscaping, LLC., and has earned $100,000 in gross...
1. John operates a Limited Liability Company, Unity Landscaping, LLC., and has earned $100,000 in gross revenue for 2019. There are 2 members; John and Mike, and each are equal owners. Sally operates a corporation, United Help, Inc., and has earned $80,000 in gross revenue for 2019. Sally is the sole owner. It is now time for both to handle their taxes but they are unclear on how the structure works and how they handle their taxes for the companies....
Toy Trucks Co. has provided the following relating to the most recent month (August 31, 2016)...
Toy Trucks Co. has provided the following relating to the most recent month (August 31, 2016) of operations, for their two main products, toy firetrucks and toy dump trucks. The company sold 20,000 firetrucks and 10,000 dump trucks. Firetrucks sell for $25.00 and dump trucks sell for $20.00. Other data relating to the product lines is as follows: Fire Trucks Dump Trucks Variable Expenses as a % of Sales 60% 50% Traceable Fixed Costs $60,000 $50,000 In addition to the...
John is an accountant and just earned your CPA. John has decided to open up John’s...
John is an accountant and just earned your CPA. John has decided to open up John’s Tax Service on Main Street. He leases a storefront:   his office in the storefront has glass all around it. John has hired an administrative assistant who sits outside his office. His administrative assistant answers phones, receives and sends emails, sets appointments and other administrative type work. Assuming that John spends most of his time inside the office, should John pay his administrative assistant an...
John is an accountant and just earned your CPA. John has decided to open up John’s...
John is an accountant and just earned your CPA. John has decided to open up John’s Tax Service on Main Street. He leases a storefront:   his office in the storefront has glass all around it. John has hired an administrative assistant who sits outside his office. His administrative assistant answers phones, receives and sends emails, sets appointments and other administrative type work. Assuming that John spends most of his time inside the office, should John pay his administrative assistant an...
John has purchased some machinery for his company and has the choice of making payments as...
John has purchased some machinery for his company and has the choice of making payments as follows: Option A: $10,000 now. Option B: $6,000 now and $6,000 at the end of 10 years. Option C: $ 2,500 now and $1000 at the end of each year for 10 years. If the interest rate is 7%, which option would he select?
A company receives $360 for a 12-month trade magazine subscription on August 1.
true or falseA company receives $360 for a 12-month trade magazine subscription on August 1. The adjusting entry on December 31 is a debit to Unearned Subscription Revenue, $150, and credit to Subscription Revenue, $150
You are provided with the following information about Bramble Inc.’s inventory for the month of August:...
You are provided with the following information about Bramble Inc.’s inventory for the month of August: Date Description Units Unit Cost Aug. 1 Beginning inventory 50 $90 4 Purchase 180 91 10 Sale (160 ) 18 Purchase 70 94 25 Sale (100 ) 28 Purchase 40 95 Collapse question part (a) Calculate the cost of ending inventory and cost of goods sold using FIFO in (1) a periodic inventory system, and (2) a perpetual inventory system. Periodic Inventory System Perpetual...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT