A sales rep for roofing materials figures he can generate about $1,500,000 in business annually. What rate of commission does he need in order to earn $70,000? The sales rep needs to be paid a commission rate of % in order to earn $70,000. (Round to one decimal place as needed.)
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- Below is the amount of labor employed by a starting business which makes bags out of recycled materials and the amount of output produced monthly. They rent out one building space which costs P5,000. A worker costs P10,000/month. The price of a bag is P80. Compute the costs incurred by the firm as well as its revenue and profit. Show all your solutions. How much bags should the business produce?You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on his monthly sales of Ρhр 85,000.00 is his benefit. His sales last month was Ρhр 115,750.00 and this month is Ρhр 72,951.00.Comрute his two months earnings?
- esc You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 80 hours in your first month and 370 hours in your second month of business. You charge your customers $24 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your second month of business. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A 2 W $8 per month $1.40 per hour $25 per month $8.00 per hour $40 per month S # 3 E D $ 4 R 67 dº % 5 LL MacBook Pro T < 6 G & Y 7 H * 00 8 U J oPhil makes and sells rugs at his roadside stand. His monthly fixed cost for owning the stand is $1500. If he makes and sells 12 rugs, his total costs are $1548 and he brings in $408 in revenue. Find Phil's monthly cost, revenue, and profit functions (assuming they are linear). Let x be the number of rugs made and sold each month.To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of - % on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men. 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given…
- 1) Margin at the Kiosk You rent a kiosk in the mall for $300 a month and use it to sell T-shirts with college logos from colleges and universities all over the world. You sell each T-shirt for $25, and your cost for each shirt is $15. You also pay your salesperson a commission of $0.50 per T-shirt sold in addition to a salary of $400 per month. Construct a contribution margin income statement for two different months: in one month, assume 100 T-shirts are sold, and in the other, assume 200 T-shirts are sold.You have recently hired an equipment operator for $30.00 per hour. To determine his/her billing rate you simply multiply $30.00 by 1.20 to ensure you get a 20% profit margin. Is this process correct?Accounting If I have a start up cost of $25,000. My monthly costs are $10,000. My product sells for $6.00 and i make 67% gross profit. How many smoothies do I have to sell to break even? And at what rate do I have to sell smoothies if i want to be profitable in 3 years?
- A major credit card company is launching a referral program, which gives an existing customer $50 for each new customer he or she refers to the company. The credit card company estimates that the average annual spending of a customer is $15,000, and the revenue for the credit card company would be 5% of the spending. The estimated marketing and operations costs for the referral program is $500,000 per year. a. Build a spreadsheet model for the credit card company to estimate the annual increase in profit gained from the referral program. If the referral program helps the credit card company acquire 25,000 new customers, what is the annual increase in profit gained from the referral program. Assume all new customers are acquired at the beginning of the year. Profit increase b. It is estimated that 10% of the customers acquired through the referral program would have become customers of the credit card company even without the referral program. How does this information change the…Cabrera Accounting pays Shanaya Kapoor $62,050 per year. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 38 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year Yearly Rate ? Hours per year = Cost per hour = = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 17 hours to prepare Clients 123 financial statements? Submit All Parts Hours worked ? Rate per hour = Direct Labor Cost =Assume you are a salesperson earning 10 percent commission and you have sold $540,000 in products this year. What are your commission earnings for the year (show your math). Based on this, if you were on a draw of $50,000, would you earn your draw or commission?