The manager is entitled to a bonus equal to 5% of her stores earnings. The difficult part

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The manager is entitled to a bonus equal to 5% of her store’s earnings. The difficult part is that calculation of the store’s earnings includes a subtraction for the amount of the bonus. The store’s earnings before the bonus total $200,000. Calculate the store manager’s bonus.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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