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Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds 150,000.
The commission is 8.5% on all sales up to $50,000 above the quota. Beyond tha amount, she receives a commission of 10%. Her total sales for the past year were $295,000.
Compute:
a. The regular annual salary
b. The commission
c. The total annual earnings
Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
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In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect
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How much will the preferred and common stockholders receive under each of the following assumptions:
Prepare the general journal entries that should be made in 2010 and 2011 related to the above plan by Paige Candy; and also Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the ..
Splitsville Company has two departments. Factory overhead costs are applied based on direct labor cost in Department A and machine hours in Department B.
At the end of the current year, Accounts Receivable has a balanced of $800,000; Allowance for Doubtful accounts has a debit balance if $2000; and Net Sales for the year total $2,200,000. Bad debt expense is estimated at 1/2 of 1% of net sales. Pre..
Assume that Smith & Smith CPAs audited Apollo shoes. Inc last year Now CEO Larry Lancaster wishes to engage Anderson, Olds, and Watershed, CPAs (HOW) to audit its annual financial statements.
The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31.
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