Currently the sales clerks receive a salary of 17000 per

Assignment Help Accounting Basics
Reference no: EM13482076

Ring, Incorporated's income statement for the most recent month is given below.

Picture

For each of the following questions, refer back to the original data.

Currently the sales clerks receive a salary of $17,000 per month in Store Q. A proposal has been made to change from a fixed salary to a sales commission of 5%. Assume that this proposal is adopted, and that as a result sales in Store Q increase by $40,000. The new segment margin for Store Q should be:

Reference no: EM13482076

Questions Cloud

When an accounting change is reported under the retroactive : when an accounting change is reported under the retroactive approach account balances in the general ledger1are not
Determine the amount of factory labor costs transferred to : material usagejob
Find the accounting return on investment for a project that : 1. the information below shows the assets liabilities and net worth fo a small business. arrange the items into a
From the waterlogged records of the company management was : on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company
Currently the sales clerks receive a salary of 17000 per : ring incorporateds income statement for the most recent month is given below.picturefor each of the following questions
As useful as financial statements are they have their : as useful as financial statements are they have their limitations. of course we should be aware of such limitations
Shimmer does not sell any other assets during the year and : shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term
Jose paid the following amounts for his son to attend big : jose paid the following amounts for his son to attend big stateuniversity in
Suppose the during the first month of the year 3750 : stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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