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Margarita [4]
2 years ago
8

Caitlin Grasso is a salesperson in the kitchen and bath department at Morris Supplies, Inc. She is guaranteed a minimum salary o

f $200 per week plus 5.5% of her total sales. What are her total sales for a week in which her gross pay was $560.
Business
1 answer:
LenaWriter [7]2 years ago
3 0
Caitlin grossed $560 in one week-$200 for her minimum salary=$360 for 5.5% share of her total sales. So $360=5.5%x where x=gross sales. so $360=0.055x and $360/0.055=x=$6545. To check, $6545x0.055=$360. So her gross sales were $6545.
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For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of
TiliK225 [7]

Answer:

a. $46,150

b. $26,140

Explanation:

The computation is shown below:

a. Beginning inventory $50,000

Add: Purchase made during the year $105,000

Less: Purchase return ($7,000)

Less: Purchase discount ($950)

Add: Inward transportation cost  $1,400

Less: Cost of goods sold ($102,300)

Ending inventory $46,150

b. Beginning inventory $12,000

Add: Purchase made during the year $52,900

Less: Purchase allowance ($1,600)

Less: Purchase discount ($560)

Add: Inward transportation cost  $1,300

Less: Cost of goods sold ($37,900)

Ending inventory $26,140

We simply applied the above calculations so that the correct amount of ending inventory could come

8 0
2 years ago
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
mafiozo [28]

Answer:

6,250 units; 7,000 units

Explanation:

Given that,

Fixed costs for proposal A = $50,000

Fixed costs for proposal B = $70,000

Variable cost for A = $12.00

Variable cost for B = $10.00

Revenue generated by each unit = $20.00

Let x be the number of units at break even point,

(a) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

50,000 + 12x = 20x

50,000 = 8x

6,250 = x

(b) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

70,000 + 10x = 20x

70,000 = 10x

7,000 = x

7 0
2 years ago
A consultant hired by your organization has advised your manager to increase his team's cohesiveness. he asks you, "what benefit
Natalija [7]

Answer:

  • <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
  • <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>

Explanation:

Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.

Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.

7 0
2 years ago
Read 2 more answers
Why do communities resist programs to educate the public about hurricane hazards? they don't believe they have a hurricane probl
laila [671]
Communities resist programs to educate the public about hurricane hazards because they don't believe they have a hurricane problem; it hasn't happened as long as they can remember.
3 0
2 years ago
At January 1, 2020, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purcha
fiasKO [112]

Answer:

$4,000

Explanation:

The operating activities is the activities which records day to day activities i.e change in working capital, loss or profit on sale of long term assets, depreciation expense etc

In the given situation, there is a loss of $4,000 on the sale of equipment and the same is recorded under the operating activity in a positive sign

The sale of an equipment and the purchase of an equipment would be shown in the investing activity . Hence, we do not considered here

3 0
2 years ago
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