Cambridge Companys president receives a $150,000 base salary and a bonus of 0.5% of sales for the
Question:
Cambridge Company’s president receives a $150,000 base salary and a bonus of 0.5% of sales for the year. How much will the president earn at a sales level of $3,000,000 for the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
The president wi...View the full answer
Answered By
Raunak Agarwal
Teaching is my hobby and now my profession. I teach students of CA and CFA(USA) in batches of 100 students and have a 5 year experience.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Managerial Accounting questions
-
Sales for the year for RK Ltd. were $ 1,500,000, of which one-half was on credit? The average gross margin rate was 40 percent on sales. Account balances follow: Required: Compute and comment on the...
-
Sales for the year for Victor Company were $1,000,000, 70 percent of which were on credit. The average gross profit on sales was 40 percent. Additional account balances were: Required: Compute the...
-
Company A had sales for the year totaling $480,000. The net property, plant, and equipment balance at the beginning of the year was $160,000; the ending balance was $200,000. Compute the fixed asset...
-
Add to Graph a method subgraph() that takes a SET as its argument and returns the induced subgraph (the graph comprising the specified vertices together with all edges from the original graph that...
-
(a) Define assets, liabilities, and owner's equity. (b) What items increase and decrease owner's equity?
-
The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2015 paying cash 10,000, and agreeing to pay three further instalments of 10,000...
-
Perform a thorough influential analysis of the air pollution and mortality data given in Table B.15. Perform any appropriate transformations. Discuss your results. City Mort Precip Educ Nonwhite Nox...
-
OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1, 2015, the company issues a...
-
3. (3 pts) Use Python to write a function that takes a single input, a list of numbers. The function should loop through the list and, on each iteration, print the number if it is the largest number...
-
Determine a condition on |x - 1| that will assure that: (a) |x2 - 1| < 1/2, (b) |x2 - 1 < 1/10-3, (c) |x2 - 1| < 1/n for a given n N, (d) |x3 - 1| < 1/n for a given n N.
-
McIntyre Company pays $3,000 per month to each of its four production supervisors. Each supervisor can handle the workload associated with up to 2,400 units of production per month; the current level...
-
Which one of the following statements is incorrect? a. The scattergraph method can be somewhat subjective depending on where one visually places the regression line. b. The scattergraph method is the...
-
Which of the following could be probability density functions for a continuous random variable? Explain. a. f (x) = .50 for 0 x 2 b. f (x) = 2 x for 0 x 2 c. f (x) = .5x for 0 x 2
-
What is meant by the therm"monitor progress" and why is this necessary ? 2.list the 6 of principles to training (I.e. the components that should be part of a coaching or training program)? 3.to...
-
Social skill is important in the service industry. As a future tourism and hospitality professional, how are you going to improve your social skills? Another key component of emotional intelligence...
-
1. What is Dillard's purpose in this essay beyond entertaining readers? 2. What does the pursuer represent for the narrator? How and why do her feelings towards him change after the chase is over? 3....
-
1. How does Tan attempt to draw the reader in to the story from the beginning? 2. Why does Tan cry when she finds out Robert is coming to dinner? 3. Why does Tan's mother prepare these traditional...
-
1. What generalization does Rosenblattsupport with examples? Where is it stated most directly? 2. How do the examples of censorship relate to the author's thesis? 3. Who do you believe is the...
-
Which variables are a part of the maximum inventorylevel expression? a. number of pieces per order b. setup cost c. holding or carrying cost per unit per year d. all of the above
-
In Exercises delete part of the domain so that the function that remains is one-to-one. Find the inverse function of the remaining function and give the domain of the inverse function. f(x) = 16x4 -3...
-
On the website of the National Center for State Courts (www.ncsc.org), find information on the state court structure and hierarchy for the state in which you reside.
-
If an asset is sold at a gain, why is the gain subtracted from net income when computing the net cash provided by operating activities under the indirect method?
-
What is the difference between net cash provided by operating activities and free cash flow?
-
What is the difference between net cash provided by operating activities and free cash flow?
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
11 The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed dose. Which...
Study smarter with the SolutionInn App