Costa earned a gross commission of $2101.05 during July. What were his sales if his rate of

Question:

Costa earned a gross commission of $2101.05 during July. What were his sales if his rate of commission is 10.5% of net sales and sales returns and allowances for the month were 8% of his gross sales?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:18 AM

See More Questions

Wilsons commission for March was $2036.88. If his rate of commission is 11.25% of net sales, and returns and allowances were 8% of gross sales, what were Wilsons gross sales for the month?
For the fiscal year, sales were $8,135,000, sales discounts were $795,000, sales returns and allowances were $475,000, and the cost of merchandise sold was $5,100,000. a. What was the amount of net...
The following is information taken from the June 30, 2014, balance sheet of Tippleton Company: Part 1 During July, Tippleton Company recorded total sales of $850,000, all on credit. There were...
What are the institutional features that appear to have delayed the implementation of IFRS in India?
How can technology be used to segment audiences?
It might be a good idea to buy a mobile home to use while you are going to school. Suppose you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to you at...
Find the binary pair diffusivity for the system methane (A)-ethane (B) at $293 \mathrm{~K}$ and $1 \mathrm{~atm}$ by using the Lennard-Jones method given by Eq. (1.53) by the following methods....
Fairbanks Corporation purchased 400 ordinary shares of Sherman Inc. as a trading investment for $13,200. During the year, Sherman paid a cash dividend of $3.25 per share. At year-end, Sherman shares...
Two point charges, -2.4C and 5.616 C, are placed at x = 0 cm and x = 9.7 cm, respectively. Consider the x- axis directed to the right. 1.0p 8a At what point along the x axis is the electric field...
There is a sharp freeze in Florida that damages the orange harvest and as a result, the price of oranges rises. Will the equilibrium price of orange juice rise, fall, or remain constant? Will the...
Last week Lisa had gross earnings of $441.30. Lisa receives a base salary of $375 and a commission on sales exceeding her quota of $5000. What is her rate of commission if her sales were $6560?
Edith worked 47 hours during a week for which her gross remuneration was $577.72. Based on a regular workweek of 40 hours and overtime payment at time-and-a-half regular pay, what is Ediths hourly...
One of our tactics is to limit nondeterminism, and one method is to use locking to enforce synchronization. What impact does the use of locks have on other quality attributes?
Explain why we need to resort to unsteady aerodynamic concepts for ornithopter studies.
Consider a piece of copper wire that is $10 \mathrm{~m}$ long and has a diameter of $1.0 \mathrm{~mm}$. The number density of free electrons in copper is $8.4 \times 10^{28}$ electrons \(/...
Select a sector of interest. For this sector, identify the likely pressures on project managers and the implications for them as a result of these.
Find the phase difference between the displacement and the downwash for a flat plate oscillating simple harmonically in a free stream at a zero angle of attack.
Comment on the physical meaning of the Theodorsen function.
The friend in Exercise 82 replied, Yes, and I have two cups that hold exactly the same amount of water, one of which is cylindrical and the other is hemispherical. If I tell you the height of the...
suppose a nickel-contaminated soil 15 cm deep contained 800 mg/kg Ni, Vegetation was planted to remove the nickel by phytoremediation. The above-ground plant parts average 1% Ni on a dry-weight bas...
Reduce each of the following fractions to lowest terms. 25/365
An employee of the Board of Education is paid an annual salary in 22 bi-weekly payments of $3942.00 each. If the employee is under contract for 200 workdays of 7 1/2 hours each, (a) What is the...
You purchased two items for a total of $70.56. The first item is GST exempt and it represents 25% of the total purchase price. Assuming that you live in the Northwest Territories, what is the total...
What measures can organizations implement to promote transparency and accountability in the budgeting process, thereby fostering trust and buy-in among stakeholders and facilitating...
Based on the following cost expenditures for the construction of an office / warehouse development ( to include direct and indirect charges ) , calculate the peak financial requirement: Month Monthly...
Carlos has worked very hard through his career as a teacher and is contemplating an early retirement. He already has a pension in place commencing at retirement age but wants to cut back on his...

Costa earned a gross commission of $2101.05 during July. What were his sales if his rate of

Question:

Step by Step Answer:

Net sales 210105 0105 20 01000 N...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions