Lynn and michael have been offered jobs

Assignment Help Finance Basics
Reference no: EM13757602

Lynn and Michael have been offered jobs where they will be paid strictly on commissions. They expect to receive 4% commissions on all sales of Solar Panels they close. Lynn's goal is to earn a gross salary of $60,000 a year. Michael's goal is to earn a gross salary of $20,000 a year part-time. How much in Solar Panel sales would Lynn and Michael need in order to reach their targeted salaries? Show your work. 

Reference no: EM13757602

Questions Cloud

Computing wacc : A  firm just paid a dividend of $1.50 and the growth rate of dividends is constant at 3%. The firm's shares are trading at $32.50 each. In computing WACC, the firm's cost of equity is?
Paper on a specific web or mobile application : Write a 700 word paper on a specific web or mobile application
Price of a company using the dividend discount mode : Calculate the price of a company using the Dividend Discount Model, the Free Cash Flow model, and the Ratio comparison. The company you will study is Intel, only now you will use the 2014 financial statement, which is in the Intel website. As return ..
Describe entities and attributes that the website must track : Describe entities and attributes that the website must track.
Lynn and michael have been offered jobs : Lynn and Michael have been offered jobs where they will be paid strictly on commissions. They expect to receive 4% commissions on all sales of Solar Panels they close. Lynn's goal is to earn a gross salary of $60,000 a year.
Describe the ongoing maintenance that will be required : Provide a workflow diagram in Visio or equivalent software to illustrate how the system will work. Explain the costs involved in the creation of the system
Procedural programming and object-oriented programming : What are the similarities between procedural programming and object-oriented programming? What are the differences between procedural programming and object-oriented programming
Purpose of generally accepted accounting principles : What is the purpose of generally accepted accounting principles (GAAP) and the accounting cycle? Is it possible to deviate from GAAP and the accounting cycle and still prepare financial statements? Why? What are some possible consequences of this ..
Use other modes of writing such as description comparison : Essay structure carefully. Avoid including details that do not serve to advance or complete your definition. As always, I expect your essay to contain a strong introduction that includes your essay's thesis, a coherent and focused body that effective..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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