Question
In: Finance
Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that...
Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that totaled $41,185 in sales. The cost of goods sold of this paint was 80%, so she generated 20% of sales as profit (or gross margin) for the company. Velma is paid 42% straight commission based on her profit. What is the total of her monthly compensation? (round to nearest dollar)
Solutions
Expert Solution
Profit generated=Sales*20%
=41,185*20%
=$8237
Hence monthly compensation=8237*42%
=$3460(Approx)
jeff jeffy answered 2 years agoRelated Solutions
Emerald® Designer EditionTM is Sherwin Williams’ “finest interior architectural coating” (or, more commonly, paint). Drying time...
Emerald® Designer EditionTM is Sherwin
Williams’ “finest interior architectural coating” (or, more
commonly, paint). Drying time is stated to be temperature and
humidity dependent: for recoating: 4 hours, assuming 77o
F and 50% relative humidity.
A contractor records relative humidity and drying time for ten
recent jobs as shown at right.
Based on the relative humidity, what is the least squares
regression equation for the drying time for this paint?
What percentage of the variation in drying time is explained...
Emerald® Designer EditionTM is Sherwin Williams’ “finest interior architectural coating” (or, more commonly, paint). Drying time...
Emerald® Designer EditionTM is Sherwin
Williams’ “finest interior architectural coating” (or, more
commonly, paint). Drying time is stated to be temperature and
humidity dependent: for recoating: 4 hours, assuming 77o
F and 50% relative humidity.
A contractor records relative humidity and drying time for ten
recent jobs as shown at right.
Based on the relative humidity, what is the least squares
regression equation for the drying time for this paint?
What percentage of the variation in drying time is explained...
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity...
Two-Stage ABC for Manufacturing
Assume Sherwin-Williams Company, a large paint manufacturer, has
determined the following activity cost pools and cost driver levels
for the latest period:
Activity Cost Pool
Activity Cost
Activity Cost Driver
Machine setup
$900,000
2,500 setup hours
Material handling
820,000
4,000 material moves
Machine operation
400,000
20,000 machine hours
The following data are for the production of single batches of
two products, Mirlite and Subdue:
Mirlite
Subdue
Gallons produced
60,000
25,000
Direct labor hours
400
250
Machine...
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity...
Two-Stage ABC for Manufacturing
Assume Sherwin-Williams Company, a large paint manufacturer, has
determined the following activity cost pools and cost driver levels
for the latest period:
Activity Cost Pool
Activity Cost
Activity Cost Driver
Machine setup
$990,000
2,500 setup hours
Material handling
860,000
5,000 material moves
Machine operation
200,000
20,000 machine hours
The following data are for the production of single batches of
two products, Mirlite and Subdue:
Mirlite
Subdue
Gallons produced
50,000
30,000
Direct labor hours
400
250...
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity...
Two-Stage ABC for Manufacturing
Assume Sherwin-Williams Company, a large paint manufacturer, has
determined the following activity cost pools and cost driver levels
for the latest period:
Activity cost pool
Activity cost
Activity cost driver
Machine setup
$950,000
2,500 setup hours
Material handling
620,000
5,000 material moves
Machine operation
200,000
20,000 machine hours
The following data are for the production of single batches of
two products, Mirlite and Subdue:
Mirlite
Subdue
Gallons produced
60,000
10,000
Direct labor hours
500
350
Machine...
Estimate House Paints Demand for Sherwin-Williams Table: Sherwin-Williams Company new Data Observations Sales Promotional Expenditures Selling...
Estimate House Paints Demand for Sherwin-Williams
Table: Sherwin-Williams Company new Data
Observations
Sales
Promotional Expenditures
Selling Price
Disposable Income
i
y
A
P
M
1
160
100
15
19
2
200
160
14
17.5
3
140
50
16.5
14
4
190
190
14.5
20
5
130
90
17
15.5
6
160
70
16
14.5
7
200
140
15
21.5
8
150
110
18
18
9
210
200
12
18.5
10
190
100
15.5
20
Total
1730
1210
153.5
178.5
Mean...
Chapter 5 Question 5.1 Sherwin-Williams Company aims to develop a demand model for its line of...
Chapter 5
Question 5.1
Sherwin-Williams Company aims to develop a demand model for its
line of exterior house paints. The most important variables
affecting paint sales (Y) (measured in gallons) are:
Promotional expenditures (A): expenditures on advertising
Selling price (P)
The chief manager decides to collect data on the variables in a
sample of 10 company sales regions that are roughly equal in
population. Data on paint sales, promotional expenditures are shown
in Table 5.1.
The company is interested in...
The manager of a paint supply store wants to determine whether the mean amount of paint...
The manager of a paint supply store wants to determine whether
the mean amount of paint contained in 1-gallon cans purchased from
a nationally known manufacturer is actually 1 gallon. You know from
the manufacturer’s specifications that the standard deviation of
the amount of paint is 0.02 gallon. You select a random sample of
50 cans, and the mean amount of paint per 1-galllon can is 0.995
gallon.
a. At the .05 level of significance, is there evidence that the...
The manager of a paint supply store wants to determine whether the mean amount of paint...
The manager of a paint supply store wants to determine whether
the mean amount of paint contained in 1-gallon cans purchased from
a nationally known manufacturer is actually 1 gallon. You know from
the manufacturer’s specifications that the standard deviation of
the amount of paint is 0.02 gallon. You select a random sample of
50 cans, and the mean amount of paint per 1-galllon can is 0.995
gallon.
At the .05 level of significance, is there evidence that the
mean...
The manager of a paint supply store wants to estimate the actual amount of paint contained...
The manager of a paint supply store wants to estimate the actual
amount of paint contained in 1-gallon cans purchased from a
nationally known manufacturer. The manufacturer's specifications
state that the standard deviation of the amount of paint is equal
to 0.01 gallon. A random sample of 50 cans is selected, and the
sample mean amount of paint per 1-gallon can is 0.996 gallon.
Complete parts (a) through (d).
a. Construct a 95% confidence interval estimate for the
population mean...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Cornerstone Exercise 4.1 (Algorithmic) Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two...
- 1. Price Discrimination - Two Parts Pricing: Xerox In early days, the Xerox Corporation faced the...
- answer the following using C# Design and program a Visual Studio Console project in C# that...
- Write a program that acts as a basic calculator Assume the starting result is 0 Ask...
- Explain the following business terms: Explain what attestation means in business. Explain what assurance means in...
- Write a program to carry out the stated task: When one of the buttons is pressed,...
- The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...
ADVERTISEMENT