Answer:
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
Explanation:
Given
Let x represents his sales as a sales trainee
Let x represents his sales as a sales associate
Total Sales: [tex]x + y = 673874[/tex]
Total Commission: [tex]0.05x + 0.08y = 45006.52[/tex]
Required
Find x and y
Equations
[tex]x + y = 673874[/tex] --- (1)
[tex]0.05x + 0.08y = 45006.52[/tex] --- (2)
Make y the subject of formula in (1)
[tex]x + y = 673874[/tex]
[tex]y = 673874 - x[/tex]
Substitute this in (2)
[tex]0.05x + 0.08y = 45006.52[/tex]
[tex]0.05x + 0.08(673874 - x) = 45006.52[/tex]
Open Bracket
[tex]0.05x + 53909.92 - 0.08x = 45006.52[/tex]
Collect Like Terms
[tex]0.05x - 0.08x = 45006.52 - 53909.92[/tex]
[tex]- 0.03x = -8903.4[/tex]
Divide through by -0.03
[tex]x = \frac{-8903.4}{-0.03}[/tex]
[tex]x = 296780[/tex]
Recall that
[tex]y = 673874 - x[/tex]
[tex]y = 673874 - 296780[/tex]
[tex]y = 377094[/tex]
Hence;
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
According to the indirect method of preparing a cash flow statement, under which category does inventory fall? Under the indirect method of preparing a cash flow statement, a decrease in a , such as inventory, is added to the net income
Answer:
Cash flow from Operating Activities
Explanation:
Inventories are part of the ordinary course of business and thus any inventory changes will be categorized under Cash flow from Operating Activities.
An increase in the inventory balance will be deducted from Net Income whilst a decrease is added to the net income.
Answer:
" non-cash current asset "
Explanation:
From Pluto Tutorial
What is most likely the cause of an increase in demand? An increase in salary
Higher taxes
Lower price
Alternative product
Answer:
Alternative products
Explanation:
Most of the times, people look at the quality of a product which increases the demand, even though the price is high
In a few sentences, explain what it means to
be financially responsible.
Answer:
Being financially responsible means to not spend your money on stuff that aren't needed. It also means saving your money for when you actually need it. Evaluate your earning spendings habits and see how you could maybe save more money each paycheck.
Answer:
Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.
Explanation:
Discretionary income might be used to buy which items?
Answer: Movie Tickets
Explanation: