Question

Jenny earns $700 per week, plus 6% of sales in excess of $5,700. If Jenny sold...

Jenny earns $700 per week, plus 6% of sales in excess of $5,700. If Jenny sold $15,791 last week, what were her weekly earnings?

Homework Answers

Answer #1

Ans $ 1305.46

WEEKLY EARNINGS = FIXED EARNING + VARIABLE EARNING

                                   = 700 + (15791 - 5700)*6%

                                   = 1305.46

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Dimetria Farnsworth has been making $395 per week plus a 20% commission on all sales over...
Dimetria Farnsworth has been making $395 per week plus a 20% commission on all sales over $2,500. Dimetria received a $25 a week raise in her salary. Her commission rate and amount stayed the same. Her total sales this week were $3,800. She also had $430 in returned sales. What were Dimetria’s gross earnings for the week? 5. Gross earnings:
Dr Jenny Ling currently earns $110,000 per year. She is considering participating in the new biotech...
Dr Jenny Ling currently earns $110,000 per year. She is considering participating in the new biotech venture BIOQUANT Ltd. in Parkville. To proceed, she must resign from her current job with BIG ASSET MANAGEMENT Ltd. and commit to the new venture for three years. During that time, she expects to receive a salary of $60,000 per year. If the venture fails, she can return to her current line of work but expects that her salary will drop to $90,000. In...
uppose Beth earns $700 per week working as a programmer for PC Pros. She uses $8...
uppose Beth earns $700 per week working as a programmer for PC Pros. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Andrew $450 per week to work the cash register. Andrew uses $275 to purchase software from PC Pros. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Event Market for Factors of Production Market for Goods...
When a wholesaler sold a product at $30 per unit, sales were 390 units per week....
When a wholesaler sold a product at $30 per unit, sales were 390 units per week. After a price increase of $5, however, the average number of units sold dropped to 365 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?
Last week you sold 6 units at a price of $5.43. This week you sold 17...
Last week you sold 6 units at a price of $5.43. This week you sold 17 units at a price of $3.79. If your marginal cost is $2, what price should you charge next week to maximize profit? (exact answer please)
You sold merchandise for $100 cash plus 6% sales tax. You correctly debited cash for $106...
You sold merchandise for $100 cash plus 6% sales tax. You correctly debited cash for $106 and credited sales for $100. Which account should have been credited for $6?
Jodi is a successful lawyer. She earns $50,000 per year from her law job plus $5,000...
Jodi is a successful lawyer. She earns $50,000 per year from her law job plus $5,000 per year in rental income from a building she owns that is rented to a clothing store. Jodi also has $10,000 in a savings account that earns 10% interest, or $1,000 per year. One day, Jodi decides to leave her profession and open a bookstore in the building she owns. She withdraws the money from her savings account and uses it to purchase special...
Currently, a monopolist’s profit-maximizing output is 500 units per week and it sells its output at...
Currently, a monopolist’s profit-maximizing output is 500 units per week and it sells its output at a price of $50 per unit. The firm’s total costs are $7,000 per week. The firm is maximizing its profit, and it earns $35 in extra revenue from the sale of the last unit produced each week. Instructions: Enter your answers as whole numbers. a. What are the firm's weekly economic profits? b. What is the firm's marginal cost? c. What is the firm's...
Example 2-19 Matt Leonard earns $739.20 a week with fluctuating workweek hours. If he worked 48...
Example 2-19 Matt Leonard earns $739.20 a week with fluctuating workweek hours. If he worked 48 hours in one week, his gross pay would be calculated as follows: $739.20 ÷ 48 hours = $15.40 regular rate $15.40 × 0.5 = $7.70 extra half pay rate 8 hours O.T. × $7.70 = $61.60 extra pay $739.20 + $61.60 = $800.80 weekly gross pay Example 2-21 The agreement between John Kalas and his employer provides for a pay rate of $14 per...
Dixon Sales has four sales employees that receive weekly paychecks. Each earns $13.00 per hour and...
Dixon Sales has four sales employees that receive weekly paychecks. Each earns $13.00 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in Social Security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees...