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G. Clark has a job as a car salesman. He is paid a basic salary of £1,200 per month, plus commission of 2 per cent on the value of his car sales. During the month of April 2016 he sells £240,000 worth of cars.
The first £800 per month is free of income tax, on the next £120 he pays tax at the 20 per cent rate and above that he pays at the 25 per cent rate. He also pays National Insurance for the month of £620. Calculate his net pay for the month.
How does the contributions of Aztecs and Spanish helped create Mexico's culture?
Using the overhead absorption rates calculated in part (b) above, determine the total cost for job no. 567 and its selling price if a profit margin is to be maintained at 20% of the selling price.
How much is the penalty Woody must pay? What did Woody pay on January 15? Round all answers to the nearest cent?
Prepare the journal entry to record this transaction by Killarny Enterprises, if the company's stock is not publicly traded and the land has an appraised value of $110,000 - Prepare the journal entries for two transactions by Killarny Enterprises.
Do you feel if a company projected a negative net present value they should always reject the proposal? What would be your argument to management for why you would always rejecting?
You have maxed out your $10,000 credit card, which is being charged 12.8% interest compounded daily. What is the minimum monthly payment to continue to break even? How much should you pay each week to get out of debt within one year?
Say a? company’s total costs are? $2,500,000 when? 100,000 units are made. Of the total? cost, ?$400,000 is fixed. Assume all volumes referenced in the question fall within the relevant range. What are the expected total costs when 120,000 units are ..
Locklear Inc. borrowed $100,000 from a finance company on 1/1/Year1. Locklear will pay $10,000 a year until the loan is paid off (it will take more than 10 years.) . The $10,000 payments include interest at 4% annually. The first of the annual paymen..
Quigley Corporation"s trial balance at December 31, 2014, is presented below. All 2014 transactions have been recorded except for the items described below.
What is the company's cost of common equity if all of its equity comes from retained earnings? If the company issued new stock, it would incur a 8.5% floatation cost. What would be the cost of equity from new stock?
Provide the correct journal entries.- Stockholders invest an additional $19,000 in the business. - Purchased supplies on account (did not pay cash) $800.
Writes off a $750 account receivable arising from a sale to Southwest Desert Accents that dates to 10 months ago.Phoenix receives a $1,000, 90-day, 10% note in exchange for brick sold to Sunset Designs. The brick cost $600.
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