6. Consider the two ads for an accounting ACCOUNTING CLERK: $18,500 Fast paced CRT, type 60 wpm, benefits, 865-9281. 5640 Southwyck clerk. If you worked 40 hours for 50 weeks, how much would each per week ACCOUNTING CLERK: $16,500/yr Salary "Great company" Full benefits! Interviewing now! Call Polly/Sue 243-2222. company pay per hour? TGEBRA=Michelle long notiiced tha U ay per
Q: An executive receives an annual salary of P500,000 and his secretary a salary of P160,000 a year. A…
A: Annual salary of executive= P 500,000 No. of hours worked by executive in a year= 3,000 Salary cost…
Q: 4. Alan Tolford is a salesclerk in the shoe department at Goldsmith's. He is guaran- teed a minimum…
A: For finding Alan Tolford's gross pay we need to calculate his salary on the basis of sales.
Q: EA1. Garrison Boutique, a small novelty store, just spent $4,000 on a new software program that will…
A: Opportunity Cost: Suppose an option is chosen from all available alternatives, the opportunity…
Q: 5. Evelyn Watterson sells cosmetics for Final Touch, Inc. She is guaranteed a salary of $650 a month…
A: Evelyn Watterson's gross pay will be greater from both the options.
Q: A company hires an employee with a family of 3 for a salary of $160,000 over 3 other candidates. If…
A: Recruiting costs are the costs that are incurred by the company in hiring and training new…
Q: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A:
Q: During a recent month, Cleveland Company planned to provide cleaning services to 30 customers for…
A: Budgeted revenue = Budgeted no. of customers x budgeted hours per job x rate per hour = 30*3*25 =…
Q: 3. Ralph Konsky was hired as an administrative assistant for Hereford Cattle Company. His annual…
A: Salaries cost is the cost of employees that are working in the office of the organisation. This is a…
Q: hour. Your anticipated costs include: Advertising $25 per month Gas $1.50 per hour Depreciation…
A: Operating activities: It refers to the day-to-day activities that help a business in generating…
Q: 5.An account executive receives a base salary plus a commission. On $30,000 in monthly sales, an…
A: An account executive receives a base salary plus a commission. On $30,000 in monthly sales, an…
Q: To test and assess what you have learned from this module, let us now compute the following. 1.…
A: The gross earning of salesperson includes the fixed pay and sales commission as a percentage of…
Q: If Romeo's Racket Ball business has sales for the month of 10,000 racketballs and a racketball sells…
A: To derive accounting profit, all the expenses that are directly a part of company's operations are…
Q: [Printer] Assume a large printer manufacturer has 17,000 customers. The company wants t each of…
A: Calculation of Number of Sales persons needed. Step 1 : Total number of minutes required to visit…
Q: Kauffman Market has a gross profit percentage of 40%. It is expecting an additional $3,000 in…
A: Introduction: Gross profit is the sum of net sales less the cost of goods sold. It displays the…
Q: An accountant receives a base salary of $1500 a month plus a 17. ACCOUNTANT SALARY commission that…
A: Following are the answers to the given questions
Q: 8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on…
A: Sale (S) = $ 85,900 Commission rate up to $ 50,000 sale (C1) = 6% Commission rate over $ 50,000 sale…
Q: A professor is expected to cover 16 chapters in an operations management text each semester. One…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: During a recent month, Cantho Company planned to provide cleaning services to 30 customers for $26…
A: Revenues are estimated on the basis of past experiences and therefore it is planned what the price…
Q: Saunders Tax Services prepares tax returns for senior citizens. The standard in terms of (direct…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Cleaner’s, Inc., is switching to paying employees every 2 weeks rather than weekly and will…
A: Weekly Wages: Weekday Wage denotes the amount of remuneration supplied by the Company on a weekly…
Q: oyees every 2 weeks rather than weekly and will therefore “skip” 1 week’s pay. The firm has 25…
A: Introduction In order to save outflow of cash, payroll system of employees are changed in respect…
Q: Mrs. Camelia owns a cake business and employs five employees at a monthly salary of RM2,000 per…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250, Rate of commission is 6%.…
A: Minimum Weekly salary or Basic pay is $250 Rate of Commision is 6% Weekly Sales are $2480 To Find…
Q: Below are data for Rent a Wash for next year. Car Detailers' 54,000,000 Wages Fringe Benefit…
A:
Q: Clarissa, the Sales Coordinator, who is David, the Shipper, who is paid $.20 pe Alan pays his…
A: Salary expenses are as follows Brandon as a manager get the salary from the company $1000 per week…
Q: Gia is preparing a proposal for a prospective client, Jason's Juice Bar. The client ha What is the…
A: Activity-based costing: Activity-based costing is commonly known as ABC. It is a costing method that…
Q: A hotel pays the phone company $100 per month plus $.25 for each call made. During January 6,000…
A: Since multiple sub-parts are posted only the first three will be answered. Kindly resubmit the…
Q: Tami Tyler opened Novelty Creations, Inc., a small manufacturing company, at the beginning of 2021.…
A: Computation of Unit Product Cost - Variable Costing Particulars Q1 Q2 Unit Product Cost:…
Q: Mia Kaminsky sells shoes for Macy's. Macy's pays Mia $12 per hour plus a 5% commission on all sales.…
A: Gross Pay: It is the total of the fixed pay and the percentage of commission received on the sales…
Q: Parsa Real Estate is a company that buys and rents real estate. The company is looking into buying…
A: Return on Invested Capital (ROIC) is considered as profitability performance ratio. ROIC is…
Q: 9. Suppose that a company gives out $100 cach month for the employee who most follows lean…
A: Lean 7S principles are the 7 words which is used by management to improve the efficiency and…
Q: The breakdown of the $2,775,000 cost follows: salaries: Sales manager Salespersons Travel and…
A: solution:- Computation of Break even point at company employs its own sales force as follows:- The…
Q: To recap, W.T.’s planning on the following: Newspaper ad $120 per month Social media manager…
A: Variable cost varies with the change in output whereas, fixed cost remains same at all level of…
Q: Part 1 is complete. I have copied it below before Part 2. This should help to complete Part 2 since…
A: The Break-even point is that level of sales, where the total cost i.e variable and fixed both are…
Q: s salary last month
A: Value of sales $11000 Amount of sales over $5000 = $11000 - $5000 (A) $6000 Rate of commission…
Q: 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5%…
A: The gross earnings of the employees represent the total income before accounting for any deductions…
Q: ami Tyler opened Novelty Creations, Inc., a small manufacturing company, at the beginning of 2021.…
A: Unit product cost under absorption costing includes variable and fixed manufacturing costs.
Q: The breakdown of the $2,775,000 cost follows: Salaries: Sales manager Salespersons Travel and…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Recruitment Costs Interview Costs Job Posting fee 1st year fee Real Estate Fee Shipping fee Family…
A: Recruiting costs are the costs that are incurred by the company in hiring and training new…
Q: Adelphia Brokers, a full service brokerage house, brought in William N. Thomas, a specialist in…
A: Lets understand with the basic. Here in this case, we are required to calculate the total cost of…
Q: You have a lawn mowing business. You plan to work 250 hours per month and charge your customers $24…
A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…
Q: What is the journal entry for," Hire three employees for $3,000 a month?
A: According to accrual concept, transaction is recorded when such transaction takes place and not when…
Q: A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on…
A: Total income of sales engineer includes salary and commission on sales. The sales target is Php…
Q: A certain man works in sales and earns a base salary of $1100 per month plus 6% of his total sales…
A: As per our Honor code policy, we are authorized to answer only three sub parts at a time. So, we are…
Q: Part I To recap, W.T.'s planning on the following: Newspaper ad Social media manager Payment…
A: Total Sale=Per job price×Number of Jobs=$15×10=$150
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 17. ACCOUNTANT SALARY An accountant receives a base salary of $1500 a month plus a commission that is 4% of their monthly sales. From past experience the monthly sales range from $10,000 to $100,000. a. Write an equation for the accountant's monthly salary in terms of their monthly sales. b. Graph your equation. Make sure to scale your axes to fit the problem situation. c. How much do they need to sell in a month for this accountant to earn $3,500?1. Consider the following scenario: [2.5] Imagine that you are in charge of a cycle hire business in a holiday resort. You have 50 cycles available for hire. Some customers hire cycles for one day; others take them for up to one week. Write down any three decisions that you might make as a manager, where accounting information would be helpful in making the decision.1. A data analytics company wants Short Stop to provide a new client billing process which integrates their current customers with new payment options as well as technical. The payment for Short Stop's services would be structured with the specific payments to be $400,000 immediately, a further $300,000 at the end of the 2nd year, $500,000 at the end of the 4th year and $1,000,000 on completion at the end of the 7th year. The paid monies can be invested at a nominal rate of 9% p.a. compounded monthly. To complete the desired work Short Stop would have to purchase additional computers and data sources immediately which are valued at $1,500,000. In determining if this project is a viable project for Short Stop, your manager wants you to provide a detailed information on the differences between the effective rate of return and a nominal rate. In what circumstances can we use these to evaluate different investment opportunities?
- 3. Elitz and Van Aken, CPAS, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2020: 4 Audit Department: Staff Partners Tax Department: Staff Partners Service Small Business Accounting Department: Staff Partners Billable Hours Billable Hours Hourly Rate 22,400 7,900 13,200 5,500 The average billing rate for staff is $160 per hour, and the average billing rate for partners $350 per hour. Prepare a professional fees earned budget for Elitz and Van Aken, CPAS, for the year ending December 31, 2020, using the following column headings and showing the estimated professional fees by type of service rendered and add additional rows in the table as needed: 3,000 600 Total RevenueChp#8 (Provide a detailed 4-5 sentence explanation) Issue: You have been hired as the accounting manager of Tay-lor, Inc., a provider of custom furniture. The company recently switched its method of paying its salespeople from a straight salary to a commission basis in order to encourage them to increase sales. The salespeople receive ten percent of the sales price at the time of the sale. You have noticed that the company’s accounts receivable balance is growing because the salespeople are granting more credit to their customers Questions to be Answered: Why is it important to closely monitor the company’s accounts receivable balance? Why could a large balance lead to cash flow problems?A company pays its employees $3,700 each Friday, which amounts to $740 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is: Multiple Choice $740. $1,480. $2,220. $2,960. $3,700. < Prev 16 of 30 Next MacBook Air
- Imagine you are the finance manager of Al Mohsin Company. The company management feels that the cash management of the company should be made more effective. The following information from the company’s records is available to you: Business Studies Department, University of Technology & Applied Sciences (UTAS) Ministry of Manpower, Outcomes for the Assignment: Graduate Attributes Covered: Student ID : Name: Section No:1 Month Sales February 40,000 March 55,000 April 60,000 May 74,000 June 90,000 Additional Information Purchase Wages 20,000 7,000 14,000 8,000 28,000 9,000 30,000 9,000 32,000 8,800 Miscellaneous expenses 1,000 3,000 2,000 2,000 3,500 1. Al Mohsin LLC expects to have RO 8,000 cash balance at the beginning of April. 2. Period of credit allowed by suppliers – 2 months 3. 40% of the total sale is for cash. Half of the credit sale is collected in the next month of sale and the remaining half in the following month after that. 4. Delay…Which equation represents the following: A plumber charges $25 for a service call plus $50 per hour of service A) 50=25x B)y=25x+50 C)y=50x+25 D)y=50+25SCENARIO 7.3: Upon graduating with an accounting degree, you open your own accounting firm of which you are the sole employee. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $60,000 anually. Last year you earned a total revenue of $100,000. Rent and supplies last year were $50,000.12) Refer to Scenario 7.3. Your annual economic costs areA) $110,000. B) $60,000. C) $50,000. D) $0
- PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASCC2) La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times a year. To determine the average collection period it is known that the annual sales of the company were $5'183,220.00, of which 70% are on credit and the average balance of customers is $382,982.37, that is to say it is necessary to calculate the turnover of accounts receivable; and the average age of inventory is based on the inventory turnover, whose data to calculate it as the previous one are: Average inventory 153,192.95 and its annual cost of sales amounts to $1'002,716.78. The company spends about $12.5 million in operating cycle investments. It plans to make modifications to its policies so that it can reduce its PPC by 5 days, and its EPI by one (before converting it to days). Negotiations with your supplier to extend payment terms have not been…*THIS IS THE LAST PART OF THE QUESTION- THE IMAGE ARE THE FIRST PART THIS IS THE ENDING* A&R bills audit services based on billable hours and advising services at a fixed fee. The cost for audit services is determined by multiplying the billable hours by the quoted employee rates. Staff rates for the following year are $370 per hour and manager rates are $925 per hour. The rates are set to meet the competition in the area. To determine the cost (not the price) of the job. A&R uses a job costing system. To the employee costs (not the billing rates) is added an amount for overhead based on the predetermined rate and the billable hours in the job. The predetermined rate is based on expected billable hours. Total revenue at A&R next year is expected to be $16 million. The two founding partners of A&R are looking at these forecasts for next year and trying to decide whether to drop one of these services. "We should probably become more focused, as we sometimes remind our…8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on all sales up to $50,000 per month and 8% on all sales over $50,000. What is his commission for a month in which his sales total $85,900? 9. You are tRC sales manager for the Skeckey Selar Panel Company. Yeu reccive a ond