Rossetter, Inc., has 10 employees. Jan and Fred are each paid a salary of $4,000 per month.
Question:
Rossetter, Inc., has 10 employees. Jan and Fred are each paid a salary of $4,000 per month. Joe, Betty, Frankie, and Donita are paid $10 per hour. Abby, Norman, Bill, and Erika arepaid on a commission basis at a rate of 2 percent of their individual sales. During January, the following occurred:
Determine the gross payroll for Rossetter, Inc., for January.
Transcribed Image Text:
Joe Betty Frankie Donita Hours Worked 160 180 145 150 Abby Norman Bill Erika Sales Made $150,000 $170,000 $180,000 $185,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
To calculate the gross payroll for Rossetter Inc we need to add up the total amount pai...View the full answer
Answered By
Aketch Cindy Sunday
I am a certified tutor with over two years of experience tutoring . I have a passion for helping students learn and grow, and I firmly believe that every student has the potential to be successful. I have a wide range of experience working with students of all ages and abilities, and I am confident that I can help students succeed in school.
I have experience working with students who have a wide range of abilities. I have also worked with gifted and talented students, and I am familiar with a variety of enrichment and acceleration strategies.
I am a patient and supportive tutor who is dedicated to helping my students reach their full potential. Thank you for your time and consideration.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Business questions
-
A friend of yours owns a kitchen manufacturing business in Limerick City called Blurred Kitchens Limited. The business employs twenty-six people and these comprise fully qualified carpenters, trainee...
-
Madrid FC own land in the metropolitan area of Madrid. They would like to build a sports complex which would include state-of the art training facilities for elite athletes. Your consultancy office...
-
Bill and Bob formed a partnership on January 1, 2008. Bill contributed capital of $100,000. Bob contributed capital of $20,000 and agreed to manage the firm full time. There were no withdrawals...
-
create their own business and account for their business operations. Business ideas and accounting knowledge for a partnership business is the fundamental part of the assessment. In addition,...
-
One of the tennis rackets that Ace Sporting Goods manufactures is a titanium model (Slam) that sells for $149. The cost of each Slam consists of: Materials . . . . . . . . . . . . . . . . . . . . . ....
-
The standard operating capacity of Tecate Manufacturing Co. is 1,000 units. A detailed study of the manufacturing data relating to the standard production cost of one product revealed the following:...
-
Compare the ways that art expresses cultural themes using the examples of manga, anime, and cockfighting.
-
(Accounting PrinciplesComprehensive) Presented below are a number of business transactions that occurred during the current year for Fresh Horses, Inc. In each of the situations, discuss the...
-
Solve this exercise by using Excel (insert formula). Revenue Registration Fees Attendees per seminar x Registration fee x Seminars per year Parking Fees (Attendees per seminar /Average number...
-
The Walt Disney Company's annual report for the year ended October 3, 2015, includes income statements for the years ending in 2013, 2014, and 2015. Net income for these three years is as follows...
-
What is price gouging?
-
If a company wishes to use JIT successfully, it must make a lot of demands on its suppliers for more frequent deliveries of smaller batches. This, in turn, increases distribution costs for the...
-
>,
-
Think about a time in which you were a victim of organizational injustice. What specific types of justice were violated? How did you feel, and how did you react? What could have been done to avoid...
-
Rex Redd purchased a business building on January 1, 2004, for \(\$ 975,000\) and used the straight-line depreciation over 39 years. He took \(\$ 25,000\) depreciation for 2004 through 2015 and none...
-
What is the irradiance at the position of the third maximum for a single slit of width \(0.02 \mathrm{~mm}\) ?
-
Suppose Caterpillar, Inc., has 666 million shares outstanding with a share price of $73.09 and $24.41 billion in debt. If in three years, Caterpillar has 709 million shares outstanding trading for...
-
Do these numbers tell us anything about the relative size of their labor force participation rates and employment-to-population ratios? The IMF World Economic Outlook reports the following...
-
What is the definition of the unemployment rate?
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
Using the information from E15.21 and assuming the market rate of interest was 8 percent, make the entries for the first year of the bonds life and show how Scott would report its bond activities on...
-
The charter of the Sanders Corporation authorizes the issuance of 1,500,000 shares of no- par common stock and 500,000 shares of 8 percent, $ 50 par value, cumulative preferred stock. These events...
-
McDougall Corporation is authorized to issue 500,000 shares of $ 40 par value, 10 percent cumulative preferred stock and 2,000,000 shares of $ 0.01 par value common stock. The following transactions...
-
Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and long-term debt on its balance sheet....
-
Optimization: In this assignment, we use Excel's problem solutions to solve a profit maximization problem for a company with monopoly power. The goal for the company is to choose the production level...
-
A major part of being a strategic leader is to think strategically. Entrapped by the necessities of the small tasks facing us daily, it is easy to "think little" instead of "think big" as required to...
Study smarter with the SolutionInn App