The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,400.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume Commission Rate 1 9,100–17,600 3.1% 2 Over 17,600 4% $2,269.60 $2,369.60 $2,469.60 $2,569.60

The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,400.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume Commission Rate 1 9,100–17,600 3.1% 2 Over 17,600 4% $2,269.60 $2,369.60 $2,469.60 $2,569.60

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter13: best-practice Tactics: Game Theory

Section: Chapter Questions

Problem 14E

See similar textbooks

Level	Sales Volume	Commission Rate
1	9,100–17,600	3.1%
2	Over 17,600	4%

Similar questions

Any shopping mall has so- shopping mall called common areas: hallways, food courts, kids play areas, and so on. A ? shopping mall owner splits the total annuals expenses for the common area maintenance (CAM) between all tenants: anchor stores and in-line tenants. Because anchors bring a lot of customers into the mall, it is customary to charge them a relatively low CAM charge per square foot per year on top of their base rent. Calculate the CAM charge per square foot per year that the in-line tenants are required to pay on top of their base rents.
Tyre presently rents and uses 7000 square meters of warehouse space for $2700 a month. It has the option of reducing the rented space to 2000 square meters, in which case the monthly rent would be $1000 a month. Furthermore, Tyre could cease renting warehouse space entirely. Tom Clay, the Tyre Corp. plant engineer, is considering three alternatives: 1. Buy the new warehouse and lease half the space to the Johnson Company. In turn, the Tyre-rented space would be reduced to 2000 square meters. 2. Buy the new warehouse and cease renting any warehouse space. 3. Continue as is, with 7000 square meters of rented warehouse space.
The table below displays the cost and output per week (in EUR) of the company «Creativia» which produces community textile face masks. Total Product Quantity Total variable costs, Euro 0 0 250 350 450 450 650 600 750 750 800 950 830 1300 850 1800 Assume the price is EUR 4,00 and is constant at any quantity, Calculate the profit at the profit-maximizing output and show the area of profit on the graph. Determine below what price would the firm exit the market in the long run. Explain your answer.
AVX makes and sells a single product Z. The selling price and marginal revenue equations for product Z are as follows: Selling price- 230o-0.025x Marginal revenue - 230-0.05x The variable costs are E40 per unit and the fixed costs are £135,000. If the selling price was set to maximise revenue, calculate the resulting profit. Please type your answer (including your workings) in the box below. Please use the arrow keys on your keyboard to scroll up and down within the text box (as using the mouse may not work).
The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost perbarrel is $16. Price is related to demand according to the following linear equation.v -75,000 1,153.8pDevelop the nonlinear profit function for the brewery and determine the price that will max-imize profit, the optimal volume, and the maximum profit per year.
Chevy sells the Corvette for $60k - $80k, yet some research unveils that it costs little over $25k to produce. If the BEP for the Corvette is so low, why then does Chevy price this sports car so high?
Pixie Arts and Graphics, a medium scale printing press business has determined the equation that describes the relationship of the price and demand of one of its products as Price=150 - 0.01•D (D as Demand per unit) for an annual printing of this product. The fixed costs annually = P50,000 and the variable cost = P40 per unit. Requirement: a. What is the maximum profit that can be earned? b. What is the unit price at this point of optimal demand if demand is not to be anticipated to exceed more than 6,000 units annually? Hint: Profit (loss) = total revenue – total costs = (aD – bD²) – (Cf + CyD)
Zippy is earning $25,000 per year working for Joe's Car Repair. He also has savings of $150,000, on which he is earning 10% annual interest. He decides to leave Joe's Car Repair to invest his savings in starting his own car repair business. In the first year, Zippy's Speedy Car Repair ears revenues of $200,000 and has explicit costs of $100,000. Zippy's economic profit (or loss) in the first year is $. (round your answer to the nearest dollar. )
A lash adjuster keeps pressure constant on engine valves, thereby increasing fuel efficiency in automobile engines. The relationship between price (p) and monthly demand (D) for lash adjusters made by the Wicks Company is given by this equation D (1.900-py0 10 What is the demand (0) when total revenue is maximized? What important data are needed if maximum profit is desired? G The total revenue is maximized when demand is 9500 units per month (Round to the nearest whole number) Select all important data that are needed if maximum profit is desired. DA Variable cost per lash adjuster B. Fixed cost per month C. Variable cost per engine valve D. Variable cost per gallon of fuel
QUESTION 16 1. A 325,000 sf office building is 25% vacant. The remaining occupied sf generates $9,000,000 in annual base rent from tenant leases in place. If annual market rents for comparable properties average $40.00/sf, and if market vacancy and credit loss represent a combined $800,000 in lost annual rent, what is the building's Gross Potential Revenue? Show your work. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 14px O WORDSPOWERED BY TINY
Your friend Sarah is planning to open a hardware store. She estimates that it would cost $50,000 each month to rent the location and buy the inventory. In addition, she would have to quit her $3,000/month job at an insurance firm. Her revenue for the store would be $60,000 each month. What is her expected accounting profit per month if she opens the hardware store? A $10,000 B $60,000 C $5,000 D $50,000 E $55,000 F $45,000
A company produces and sells a consumer product and is ableto control the demand by varying the selling price. The approximate relationship between price and demand is p = 38+ (2,700/D) - (5000/D²) for D>1 The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is the number of units that should be produced and sold each month to maximize profit? A 71 B 60 с 50 D 25