how much commission should the agency receives?
Q: Joy is paid a straight commission of 10% on his total amount of sales. If her total sales for the…
A: Commission = 10% x total amount of sales
Q: Sunset Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on…
A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…
Q: Jasper Hall sells farm chemicals. He is paid a commission of 9% of his first $6,000 in sales during…
A: The total commission earned can be calculated as per the given structure. He will earn a commission…
Q: MidCoast Airlines provides charter airplane services. In October, when the company is operating at…
A: Introduction: The contribution margin is the difference between a product's price and any associated…
Q: Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth of goods.…
A: Solution Given terms Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth…
Q: Stubs-R-Us is a local event ticket broker. Last year, the company sold 760,000 tickets with an…
A:
Q: Jose receives a commission of 2.4% on his monthly sales up to $3,100. The rate then increases to…
A: Lets understand the basics. For calculating commission on sales, we need to use below formula.…
Q: For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising…
A: Accounts Receivable:Sales form an important source of revenue for an enterprise. Sometimes, a…
Q: On January 1, Revis Consulting entered into a contract to complete a cost reduction program for…
A:
Q: Nevergreen's standard terms on sales invoices are 30 days, but analysis has shown that on average…
A: Receivables Management: It is the collections due for Sales in a timely manner Credit policy…
Q: Hammerhead Charters runs fishing trips out of the local port. Hammerhead charges $90 per trip for a…
A: At break even point , cost of a product equals the revenues of the product. Break Even Point =…
Q: Assume Intervale Railway is considering hiring a reservations agency to handle passenger…
A: Following are the calculation of total reservation cost:
Q: Assume Intervale Railway is considering hiring a reservations agency to handle passenger…
A: Total reservation cost = Fixed costs (flat fee) + Variable cost (cost per passenger reservation)
Q: During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000…
A: EOQ (Economic Order Quantity) model is the inventory management concept which aims at minimizing the…
Q: Pauline Corporation issues P800,000 of commercial paper every 3 months at a 16 percent rate. Each…
A: Interest for 3 months = commercial paper x rate of interest x no. of months/12 = P800000 x 16% x…
Q: Employees of Yawa Inc. are given 10% commissions based on sales made every quarter starting January…
A: Total commission expense for the year = P2,900,000 Total commission paid for the year(1st,2nd &…
Q: UN PANLAQUI IS A SALESMAN RECEIVING A SALARY OF P12,500.00 MONTHLY WITH 5% COMMISSION ON ALL HIS…
A: Answer) Calculation of Gross Salary for 3 months June July August Total Fixed…
Q: Repair Shop Co. provides electronic repairs and has the following budget for next year: Repair…
A: The time rate is calculated on the basis of the number of hours used for repairs. Loading charge is…
Q: Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $136 to $25.…
A: Airlines companies often offer attractive discounts on their ticket fares, when they try actively to…
Q: Gloden Company operates a retail store in Faith, Hope, and Love. Golden Company’s corporate…
A: Performance evaluation is the term used when the entity evaluates the performance of its staff, its…
Q: How do I compute the breakeven point in tickets and in sale dollars? Thrills sells tickets at $50…
A: The output level at which total revenues equal entire expenses is known as the break even point. To…
Q: compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a…
A: 1. The sales commission is an additional compensation over their salary, the employees receive for…
Q: D) Logan company pays Okamoto a $9,000 monthly salary plus a 4% commission for sales over $60,000.…
A: Commission is certain percentage of amount the sales person sells. D. basic salary = $9000 over…
Q: Portable Power Inc. buys portable generators for $470 and sells them for $750. They pay a sales…
A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…
Q: An agent sells tickets for airlines to customers. In 2021, The total price the customers pay to the…
A: Revenue recognized in 2021 = Total amount received from the customers - Amount paid to the airlines
Q: Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $136 to $25.…
A: Discount is the amount which is offered by the selller to the buyer to increase revenue. It is…
Q: 6. ABC Co. owns a branch. At the end of the month, the balance of the Allowance on overvaluation is…
A: The profit percentage is calculated as profit divided by total cost.
Q: Nick Billups is paid a salary of $900 a month, a 2% commission on all sales, and 1.8% more on…
A: JUNE SALES = $48,500 SALARY FOR JUNE = $900 COMMISSION CALCULATION ( A ) 2% ON ALL SALES = 2% X…
Q: nal Storage employs 88 workers with a s monthly payroll of $133,000. Fringe efits are 8.6% of…
A: As you posted multiple questions we are answering only one question. Kindly repost the unanswered…
Q: Samgyupsalamat mployees are given 10% commissions based on sales made every quarter starting January…
A: Commissions are a form of variable-pay remuneration for services rendered or products sold.…
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,400.00 plus an…
A: The gross pay includes the total salary paid to employees.
Q: Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $70,000…
A: 2.6% at $70,000 3.4% at $87200- $70,000 3.4% at $17200
Q: Banner House Inc. gives all its sales people a base salary of $37,000 per annum and a commission of…
A: In addition to the basic income, the commission provides additional revenue. Incentives are offered…
Q: ABC Co. does printing jobs for various customers. On January 1, 20x1, ABC Co. forecasted the…
A: Particulars P Fixed purchase price (600 x 1,000) 600,000 Purchase price at current…
Q: Crystal’s gross monthly salary is $9,797 on net sales totalling $114,641. If her base salary is…
A: Sales are the revenues generated by the business from its day to day operations. The sales revenue…
Q: Lolymino's customers are required to pay on 30 days, but on average pay on 45 days. Total sales…
A: Average Payment received from customers = 45 days Total Sales Revenue = £4,500,000 Bad Debts =£…
Q: The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an…
A: Gross pay refers to the payment without the consideration of tax. The gross pay of an individual…
Q: A saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for…
A: Gross pay is defined as the aggregate earnings of the individual through out the period or year…
Q: Midwest Airlines flies a short nonstop with 148-passenger planes. Considering all the costs of…
A: Break-even volume refers to the point of sales that is necessary to recover all the fixed costs…
Q: Stubs-R-Us is a local event ticket broker. Last year, the company sold 830,000 tickets with an…
A: Estimate revenue is expected revenue to be earned in the coming year. It is calculated by taking the…
Q: Lauren's gross pay for July was $3188.35 on net sales totalling $88,630. If her base salary is $1000…
A: Commission in July for Lauren = $3188.35 - $1000 = $2188.35 Net Sales in July = $88630 Lauren get…
Q: If a company pays you .69 cents in US dollars per 1,000 views and you have to make $30,000 US…
A: Unitary method involves finding the value of a particular unit (A) in terms of another unit (B).…
Q: Jay woks as a salesman for a software company. This month, his sales amount to 450,000 pesos. How…
A: Solution a: Sales commissions = P450,000 * 11% = P49,500
Q: Majan Business Solutions Company pays its employees on the below graduated commission scale: Sales…
A: The company provides the salary to its employees on a commission basis also. Mostly the sales…
Q: Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to…
A: Revenue loss due to cancellation: Cc $125.Cost of overestimating demand: Ce $250Let’s find the…
Q: Wendy Epstein, a sales representative, earns an annual salary of $32,700 and receives a commission…
A: a. Calculate the regular annual salary of person WE.Regular annual salary is $32,700 (given).
Last month Kir’s agency booked Php 140, 500 in airline fares on
Galaxay Airline. Galaxy Airline pays the agencies a commission
of 4.1 %, how much commission should the agency receives?
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- BM Motors, Inc. employs 40 sales personnel to market its line of luxury automobiles. Theaverage car sells for P1,200,000 and a 6% commission is paid to the salesperson. BM Motorsis considering a change to a commission arrangement that woul d pay each salesperson a salaryof P24,000 per month plus a commission of 2% of the sales made by that salesperson.The amount of total car sales at which BM Motors would be indifferent as to which plan to selectis A. P22,500,000 C. P24,000,000B. P30,0 00,000 D. P12,000,000Crane Inc. sells prepaid telephone cards to customers in its convenience stores. When Crane sells cards, it then pays the telecommunications company, Blossom, for the value of the cards less a 20% commission. Assume that Crane receives $3,600 of prepaid cards in January 2025. Crane sold 45% of the cards in February, 30% in March, and 25% in April. The total payment by Crane to Blossom over the 3 months is $2,880. Indicate how much income Crane should recognize in January, February, March, and April. (If answer is 0, please enter O. Do not leave any fields blank.) January income February income $ March income $ April income $ $Flyalot has agreements with several major airlines to obtain airline tickets at reduced rates. Th e company pays only for tickets it sells to customers. In the most recent period, Flyalot sold airline tickets to customers over the internet for a total of $1.1 million. Th e cost of these tickets to Flyalot was $1 million. Th e company’s direct selling costs were $2,000. Once the customers receive their ticket, the airline is responsible for providing all services associated with the customers’ fl ights. 1 . Demonstrate the reporting of revenues under: A . gross reporting. B . net reporting. 2 . Determine and justify the appropriate method for reporting revenues.
- Blossom Inc. sells prepaid telephone cards to customers in its convenience stores. When Blossom sells cards, it then pays the telecommunications company, Cullumber, for the value of the cards less a 20% commission. Assume that Blossom receives $4,000 of prepaid cards in January 2025. Blossom sold 50% of the cards in February, 30% in March, and 20% in April. The total payment by Blossom to Cullumber over the 3 months is $3,200. Indicate how much income Blossom should recognize in January, February, March, and April. (If answer is 0, please enter O. Do not leave any fields blank.)Destiny Vacations operates in a province with 15% HST, which is charged on all sales. In the month of May, the company recorded revenue of $120,000 of vacation packages. 40% of the sales were paid in cash; the remaining sales are on credit. In addition, Destiny Vacation purchased supplies costing $50,000, and was charged 15% HST on the purchase. Destiny paid for the supplies in the same month as purchase. What is the net HST receivable or payable to the government at the end of May? Question 2 options: $3,300 payable $10,800 payable $300 receivable $10,500 payableA saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?
- Grabie, is a transport network company operating in Metro Manila with a valid Certificate of Public Convenience(CPC). The fare collection scheme requires its partner-drivers to collect from its passengers, subsequently remitting a quarter of said collections to Grabie. Grabie received a total of P1,250,000 from its partner-drivers representing transport of passengers during the month, 60% of which came from partner-drivers with CPC. Forty percent of the drivers without CPC have annual receipts lower than the VAT threshold. How much is the total percentage tax arising from all applicable taxpayers?Acme Financial issues letters of credit to importers for overseas purchases. The company charges a nonrefundable application fee of $4,000 and, on approval, an additional service fee of 2.0% of the amount of credit requested. The company's budget for the year just completed included fixed expenses for office salaries and wages of $685,200, leasing office space and equipment of $59,000, and utilities and other operating expenses of $11,000. In addition, the budget also included variable expenses for supplies and other variable overhead costs of $1,280,000. The company estimated these variable overhead costs to be $2,000 for each letter of credit approved and issued. The company approves, on average, 75% of the applications it receives. During the year, the company received 600 requests and approved 70% of them. The total variable overhead was 10.0% higher than the standard amount applied; the total fixed expenses were 5.0% lower than the amount budgeted. In addition to these expenses,…Big Red Motors, Inc., employs 15 sales personnel to market its line of luxury automobiles. The average car sells for $75,000, and a 6 percent commission is paid to the salesperson. Big Red Motors is considering a change to the commission arrangement where the company would pay each salesperson a salary of $1,600 per month plus a commission of 2 percent of the sales made by that salesperson. What is the amount of total monthly car sales at which Big Red Motors would be indifferent as to which plan to select?(CMA adapted)
- How do I compute the breakeven point in tickets and in sale dollars? Thrills sells tickets at $50 per person as a one day entrance fee. Variable costs are $28 per person, and fixed costs are $166,500 per monthConnie Is a purchasing assistant for Sabre Manufacturing. She has received quotes from two different suppliers for a shipment of aluminum. Supplier Ns quote Is for $68,808.55 with payment due In 90 days Supplier B will offer the same product, but requires full payment In 15 days lien other terms are the same, below what price would Supplier B's quote need to be In order for to be selected If Sabre pays an Interest rate of 8.25% on Its One of credit with the bank, (Use 365 days a year. Round your answer to 2 decimal places.)A supplier sends a $1,387.55 bill to a contractor. The bill is notated 1% 10/Net30. What will the contractor pay if the bill is paid within 10 days?