Calculate the total number of units sold in a year

Assignment Help Accounting Basics
Reference no: EM132084541

During a year, Teri's monthly sales compensation ranged between $20,000 and $27,200 per month and units sold ranged between 1,000 and 1,800 units for those same months.

Required:

Use the high-low method to determine Teri's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Teri's total compensation amounted to $289,500.(Round your "Commission rate" to 2 decimal places.)

Monthly salary: $___________

Commission rate: _________ per unit

Total number of units sold: ______ units

Reference no: EM132084541

Questions Cloud

Calculate margin - turnover and roi : Calculate margin, turnover, and ROI for the year ended December 31, 2013. (Do not round intermediate calculations and round your answers to 2 decimal places
Calculate the required preretirement real annual savings : Calculate the required preretirement real annual savings necessary to meet your consumption goals. Compare with your answer to (b)
History of art-the hagia sophia-instanbul-turkey : For this assignment, you will create work of art that is influenced by the following building. Using your textbook, the library, Unit Resources
End of wwii that divided europe : According to Winston Churchill, an "Iron Curtain" descended upon Europe following the end of WWII that divided Europe.
Calculate the total number of units sold in a year : Use the high-low method to determine Teri's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when
Why odmg created and developed oql : Object query language (OQL) was created by the object database management group (ODMG) and is based on structured query language (SQL).
Identify the various causes of wwi in europe : Identify the various causes of WWI in Europe, describing the main countries involved and the role each played in the conflict.
Write a matlab code in the spirit of the pseudo-code : Write a MATLAB code in the spirit of the pseudo-code for row-oriented back substitution.
How much of the ordinary loss and ltcl should he report : How much of the ordinary loss and LTCL should he report on his individual income tax return for the year in question

Reviews

Write a Review

Accounting Basics Questions & Answers

  Division a manufactures electronic circuit boards the

division a manufactures electronic circuit boards. the boards can be sold either to division b of the same company or

  The albert co is expected to grow at 6 into the indefinite

the albert co is expected to grow at 6 into the indefinite future. its latest annual dividend was 2.50. treasury bills

  For the year ended december 31 2013 fidelity engineering

for the year ended december 31 2013 fidelity engineering reported pretax accounting income of 977000. selected

  Ok a public company hires another company for a service

ok a public company hires another company for a service contractover 5 years. the public company pays the service

  Beginning wip inventory costs for october was 14920 for

joyner inc. manufactures pillar candles. in october 2008 company production was 26800 equivalent units for direct

  For bonds of similar risk and maturity the market

Assume the fair value of the bonds on December 31, 2012, had risen to $736 million. Prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2012, balance sheet.

  Difference in a firm commitment to ethics

In what ways do individuals make a difference in a firm's commitment to ethics? Describe the three stages in which an individual develops ethical standards.

  You have determined that foothill corp depreciates its

you are comparing two companies in the same industry. you have determined that foothill corp. depreciates its plant

  Prepare a partial balance sheet showing investments account

Problem - Equity Investments-Available-for-Sale, Prepare a partial balance sheet showing the Investments account at December 31, 2010 and 2011

  Prepare the journal entries of roswall corporation

On January 1, 2010, Roswall Corporation's common stock is selling for $55 per share. On this date, Roswall creates a compensatory share option plan for its 60 key employees.

  Establish pricing structure for radiology on a per procedure

Establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:

  Explain how to calculate free cash flow

explain how to calculate free cash flow and the importance of free cash flow to investors

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd