What was Sam sales consultant cost percentage

Assignment Help Accounting Basics
Reference no: EM133092686

Question - Sam owns a fine-dining restaurant in a major coastal city. To help increase her sales volume, Sam decided to hire a sales consultant, Amy, to help bring in more customers. Amy was paid a fixed fee of $1,000 per month and a commission of 1 percent of all sales. In January, the restaurant's total sales revenue was $84,000. What was Sam's sales consultant cost percentage (%) in the month of January?

Reference no: EM133092686

Questions Cloud

What surprised you about starting a business : A final reflection on the course will help you to capture the important concepts that you learned about starting and running a small business.
How large should the owner new facility be : An owner is building a new operation and calculates that it can achieve $400 in sales per square foot built. How large should the owner new facility be
What is the business case for csr : How can the Corporate Social Responsibility principle be applied to practice and what is the business case for CSR? Provide an example of a CSR leader enterpris
Describe actions that can be taken to increase credibility : Trainers always strive to improve training programs to be more applicable and acceptable by organizations. Describe 5 actions that can be taken to increase cred
What was Sam sales consultant cost percentage : In January, the restaurant's total sales revenue was $84,000. What was Sam's sales consultant cost percentage (%) in the month of January
Emerging trends and issues in a global market : Research three emerging trends and/ or issues in a global market and discuss how those trends and/or issues affect and change consumer behavior in a global mar
Implementing and building the prodcons program : We need to create a semaphore data type and the two operations we described in class, down() and up(). To encapsulate the semaphore, we'll make a simple struct that contains the integer value: Implementing and Building the prodcons Program
Find and interpret the slope : Write the number of apples she can buy as a linear function of number of pears. Find and interpret the slope.
What is the depreciation expense : It is estimated to have a useful life of 8 years and a salvage value of $5,000. What is the depreciation expense for 2016 using the straight-line method

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