A local salesman receives a base salary of $525 monthly. He also receives a commission of 11%

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

Question:

A local salesman receives a base salary of $525 monthly. He also receives a commission of 11% on all sales over S^(550). How much yould he have to sell in a month if he needed to have a monthly income of $2400?

Related Book For answer-question

College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

See More Books

Posted Date: Jan 02, 2023 03:07 AM

See More Questions

A salesperson receives a weekly base salary of $400 on a quota of $4500. On the next $2000, she receives a commission of 11%. On any additional sales, the commission rate is 15%. Calculate her gross...
How much would Barry (from Problem 1) have if he could earn a 10 percent return, compounded monthly, on his investment beginning at age 35? In problem (1) Barry has just become eligible for his...
A salesclerk at a local boutique receives a weekly base salary of $825 on a quota of $8500 per week plus a commission of 6 12% on sales exceeding the quota. (a) What are the gross earnings for a week...
1) The following information relates to the ABCs depreciable assets. Class 1 - During 2020, a new office building was acquired at a total cost of $623,000. Of this total, it is estimated that the...
After summarizing the overall results of the staffing system, what do you feel Tangle wood should do if it wants to find good candidates?
Audit report generation is a process that can be performed within the engagement project. This allows for all of the pertinent information that should be accumulated for reporting to occur. Once the...
Explain the working of the double acting reciprocating pump and bucket pump with a neat sketch.
What is the market interest rate on Harry Davis debt and its component cost of debt? MINI CASE During the last few years, Harry Davis Industries has been too constrained by the high cost of capital...
Write a program to check whether the given input is digit or lowercase character or upper case character or a special character (use 'if-else-if' ladder)
The following adjusted revenue and expense accounts appeared in the accounting records of Pashi, Inc., an accrual basis taxpayer, for the year ended December 31, Year 2. Revenues Net sales $3,000,000...
On July 25 the company paid the secretary. Her deductions are the same for each payroll. Her deductions include OASDI, HI and FIT of $105. The company FUTA rate is 0.8% (and the secretary has met the...
Evaluate the integrals given in Problems 41-46. $\int_{0}^{3} e^{x} d x$
Find an equation of the line tangent to the curves in Problems 43-46 at the given point. $y=3 x^{2}+4 x$ at $x=0 $
Find an equation of the line tangent to the curves in Problems 43-46 at the given point. $y=5 x^{2}$ at $x=-3 $
Find the limit (if it exists) as $n ightarrow \infty$ for each of the sequences in Problems 43-56. $\left\{\frac{1}{3 n}ight\}$
Find the derivative, $f^{\prime}(x)$, of each of the functions in Problems 37-42 by using the derivative definition or the derivative of the exponential function. $f(x)=\frac{1}{3} x^{3}$
Fot A Turkish company manufactures corn oil to be sold to bio-fuel sector in Turkey. Corn prices are determined in the international commodity markets and they are dollar based. However, the company...
Create an appropriate display of the navel data collected in Exercise 25 of Section 3.1. Discuss any special properties of this distribution. Exercise 25 The navel ratio is defined to be a persons...
In Problem valuate the expression without using a calculator. 1 log 10 100,000
In Problem use the four-step process to find f'(x) and then find f' (1), f' (2), and f' (3). f(x) 2.
In Problem find the matrix product, if it is defined. 5 [4 1. 2.
Many cities in California have passed Inclusionary Zoning policies (also known as below-market housing mandates) as an attempt to make housing more affordable. These policies require developers to...
In the STAR experiment (Section 7.5.3), children were randomly assigned within schools into three types of classes: small classes with 13-17 students, regular-sized classes with 22-25 students, and...
Professor Ray C. Fair's voting model was introduced in Exercise 2.23. He builds models that explain and predict the U.S. presidential elections. See his website at...

A local salesman receives a base salary of $525 monthly. He also receives a commission of 11%

Question:

Expert Answer:

The amount of sales the salesman needs to make in a month to have a monthly income of 2400 can ... View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Students also viewed these accounting questions