Quality planning and administration, quality training, and quality control procedures are examples of prevention costs.
Preventive costs are any additional expenses to reduce the number of defects in products and services. A company, for example, could invest in training programs for its production machinery operators to ensure that they understand how to manufacture parts accurately.
Employee training and supplier certification are common prevention costs. Activities that are planned and designed prior to operations to ensure good quality and prevent poor quality products or services.
One of the four components of quality cost is prevention costs. Management focuses primarily on internal and external failure costs when implementing and tracking a cost of a quality system within a company.
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Dr. Mark Scholz places an order to purchase $300 worth of supplies that he will use in his animal hospital over the next six months. The supplier's terms are COD (Cash on Delivery). Which accounting transaction below is correct?
The correct accounting transaction is below:
DR Supplies $300
CR Cash $300
A journal entry is recorded when a transaction takes place, the company records each transaction of the company in accounts as journal entry, these entries are then converted into T-Accounts from which the trial balance is prepared which ultimately helps in the preparation of the Income Statement and Balance Sheet.
The entry that needs to be posted for the Dr. Mark Scholz's order is
DR Supplies $300
CR Cash $300
As the cash is paid on delivery so there will be one transaction recorded for the addition of the supplies as debit and the cash will be credited. This transaction will not include accounts payable because this is a cash transaction and not on credit.
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Please I need help with this exercise, I'm struggling so hard!
Based on this table from week 1 (Table2 attached).
-During the second week of business, the following transactions, all through the business bank account as appropriate, took place:
i. On 8 October M paid by cheque a quarter of the money owing on her payables account.
ii. On 11 October M paid by cheque £600 for two weeks’ rent for her business premises.
iii. On 11 October M paid by cheque £250 for two weeks’ insurance.
iv. By the end of the day on the 14 October (i.e. after two weeks of trade), M had made sales for £4,000. Fifty per cent of the sales had been in cash and the rest on credit. M had sold all her inventory after these two weeks of trade.
Using the new template below, demonstrate how the transactions in the second week will affect the expanded accounting equation (Assets = Capital + (Income – Cost of Sales – Expenses) + Liabilities. Your answer should include a summary total for each of the Assets, Capital, and Liabilities at the beginning of the second week, i.e. from your answer to part (a), as well as at the end of the same week.
(Template attached as TableToFollow).
Thank you sooo much!
A demonstration of how the transactions in the second week will affect the expanded accounting equation is as follows:
Assets = Capital + (Income – Cost of Sales – Expenses) + Liabilities
Balance from
Week 1 £16,430 = £14,930 + £1,500
1. -375 -375
2. -600 £ -600
3. -250 -250
4. 4,000 £4,000
4. -1,500 £1,500
Bal. £17,705 = £14,930 + £4,000 - £1,500 - £850 + £1,125
Bal. £17,705 = £16,580 + £1,125
What is the accounting equation?The accounting equation is a statement that assets are always equal to capital or equity plus liabilities, given each business transaction.
Also known as the balance sheet equation, the accounting equation is the basis for the double-entry system of accounting.
Transaction Analysis:1. Accounts Payable £375 Bank £375
2. Rent Expense £600 Bank £600
3. Insurance Expense £250 Bank £250
4. Cash £2,000 Accounts Receivable £2,000 Sales Revenue £4,000
4. Cost of goods sold £1,500 Inventory £1,500
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Lannister Manufacturing has a target debt-equity ratio of 0.57. Its cost of equity is 21 percent, and its cost of debt is 10 percent. If the tax rate is 34 percent, what is the company's WACC?
Multiple Choice
16.56%
11.83%
14.98%
12.79%
15.77%
The Weighted average cost of capital (WACC) is E. 15.77%.
How to find the weighted average cost of capital (WACC)?Using this formula to find the WACC
WACC = Weighted of debt × cost of debt × (1- tax rate) + Weighted of equity × cost of equity
Let plug in the formula
WACC = (1/1.57)(.21) + (.57/1.57)(.10)(1 − .66)
WACC = 0.13375 + 0.02396
WACC = 0.1577 × 100
WACC = 15.77%
Therefore the correct option is E.
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when implementing management by objectives it is a manager's responsibility to involve everyone, commit employees to the goals, monitor progress, and accomplishments.
When implementing management by objectives it is a manager's responsibility to involve everyone, commit employees to the goals, monitor progress, and rewards accomplishments.
Management can be defined as the process of completing the work or task required to achieve an organization's goals in an efficient and effective manner.The process implies the management duties. This includes organizing, planning, staffing, directing, and controlling.
A manager's role is to provide common guidance and direction to individual efforts to achieve organizational goals. Increasing efficiency: Management contributes to increased business efficiency by increasing productivity through effective planning, organizing, controlling, and directing.
When implementing management by objectives it is a manager's responsibility to involve everyone, commit employees to the goals, monitor progress, and rewards accomplishments.
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The ______________ of an excise tax depends on the ________ of the taxed good's supply and demand curves.
The incidence of an excise tax depends on the price elasticity of the taxed good's supply and demand curves.
How really do extract charges influence the stockpile bend?
One of the six factors that affect supply is the tax on excise. Hey, move the supply curve to the left, increasing the equilibrium price while decreasing the supply. The supply curve will change until the tax equals the vertical distance between the two curves.
Expense Tax A tax on the sale of a product or service is called an excise tax. The excise tax creates a gap between consumers' and producers' prices, resulting in a reduction in transaction volume.
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Though these two types of estates can be broken down even further, what are the two basic types of
freehold estates?
fee simple estates and life estates
dower/curtesy estates and absolute estates
fee simple estates and dower/curtesy estates
absolute estates and life estates
The two basic types of freehold estates are fee simple estates and life estates.
The required details about freehold estates is mentioned in below paragraph.
Freehold estates are estates of indefinite period that may exist for an entire life or all the time. Some kinds of freehold estates are labeled as "estates of inheritance," in which the property keeps past the lifestyles of the holder and descends to their residing heirs upon dying as distinct through the desire or through law.A freehold property is possession in belongings. To be taken into consideration a freehold property, standards need to be met:
Immovable: The asset can not be moved; therefore, it's miles both land or a few form of hobby in that land.
No constant period of possession: The belongings may be exceeded on all the time if the proper standards are met. There isn't anyt any set timeline for possession withinside the belongings to expire.
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Suppose your salary in 2015 is 75,000 if the annual inflation rate is 6% what salary do you need to make in 2022 in order to keep it up with inflation round your answer to the nearest cent if necessary
The salary needed to be made in 2021 in order to keep up with the inflation is $112,772.27
What is an equation?Basically, an equation refers to an expression that shows the relationship between two or more variables and numbers. An inflation rate means the rate at which there is a rise in prices which can be translated as the decline of purchasing power over time. It means the rate at which purchasing power drops can be reflected in the average price increase of a basket of selected goods and services over some period of time.
Given that: Salary in 2015 is 75,000 if the annual inflation rate is 6%. Let y represent the money needed to keep up x years since 2015. Since the inflation is 6%, hence:
y = 75000(1.06)ˣ
in the year 2022, x = 7:
y = 75000(1.06)^7
y = 75000*1.50363025899
y = 112772.269424
y = $112,772.27
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a 5 year, zero-coupon bond has a maturity of $1000 and a present market price of $713. Its duration in years is
a. 4.7
b. 5
c. 4.2
d. 3.9
The duration in years of a 5-year zero-coupon bond with a maturity of $1,000 is B. 5.
What is the duration of a bond?
The duration of a bond refers to its maturity period starting from the issuance date.
The duration of a bond measures the likely price changes that may happen with interest rate changes, thereby measuring the interest rate risk inherent in the bond.
Calculating the duration of a bond enables investors to gauge how changes in the interest rate affect the bond's price.
At the end of the bond's duration, the face value is expected to be repaid to the bondholder.
However, within the intervening periods, the bond attracts periodic interest payments unless it is a zero-coup bond, whose market price is always less than the face value.
A 5-year bond does not have a duration of 4.7, 4.2, or 3.9 years.
Thus, the bond's duration is Option B, usually five years from the issuance date.
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Please help me with this question
The confidence interval excludes zero, there is evidence that the vacancy rates in the two cities differ.
The confidence level= 0.90
The significant level α = 0.10
City 1:
The sample proportion:
∧
P1= 27/175
= 0.1543
City 2:
The sample proportion:
∧
P2= 13/145
= 0.0897
Critical value of Z
Z critical= z0.05
≈±1.645
90% confidence interval:
∧ ∧
P1-P2= (P1-P2) ±z√ [ p1(1-p1)/n1+ p2(1-p2)/n2]
= (0.543- 0.0897) ± 1.645√ [ 0.1543× (1-0.1543) + 0.0897× (1-0.0897)]
= 0.0646±0.595
0.0051≤(p1-p2) ≤0.1241
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Helppp pleaseeeeeeeeeee
All Markup
All markup shows your changes with various text and line colors.
What is Markup?
A text or word processing file's markup is the sequence of letters or other symbols you insert at specific locations to specify how the file should appear when printed or displayed or to define the logical structure of the document. "Tags" are the markup indicators' common name.
How to start Markup?
From the Review tab, click the Display for Review command to the right of the Track Changes command. Select the desired option from the drop-down menu.To know more about Markups refer
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What is the relationship between interest rate, aggregate income, and price level?
The relationship is that A growth in aggregate demand increases total output, which then fuels a rise in the need for money. This further fuels an excessive demand for money, which raises the interest rate.
What is meant by the aggregate income?The sum of all incomes in an economy, unadjusted for taxes, inflation, or other sorts of double counting, is known as aggregate income. Consumption spending plus net profits equal aggregate income, a measure of GDP. In economics, "aggregate income" refers to a broad conceptual idea.
Gross income is what is referred to as aggregate income, and it typically refers to the combined incomes of a married couple filing a joint tax return. All
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An example of secondary research is
Answer: ''textbooks, encyclopedias, news articles, review articles, and meta analyses.''
Explanation:
Authors may use data from scholarly publications, official records, statistical databases, and historical documents when conducting secondary research.
International trade is fundamentally a ________________________.
a. win-lose situation
b. lose-lose situation
c. win-win situation
d. war which is won by the strongest
International trade, at its core, is a win-win arrangement. Hence, the right option is (c.) a win-win situation.
What is International trade?International trade is the exchange of commodities and services between countries. Because of global commerce, people and countries have access to commodities and services that are either unavailable or more expensive in their own countries.
Tariffs, quotas, and nontariff barriers are the most frequent forms of trade restrictions. In international trade, a tariff is a federal government-imposed import tax that boosts the price of an item for the customer. Tariffs, sometimes known as levies or import charges, often begin by imposing limits on certain items.
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what are puts stock?
Options of the type also known as "puts" gains value as stock declines. With a put, the owner of a particular stock is able to lock in a predetermined selling price, and put sellers agree to purchase the shares at that price.
What are stock puts? Explain.The buyer of a put option is granted the right, but not the responsibility, to sell the underlying securities at a predetermined price (often referred to as the strike price) before or on the predetermined expiration date. It is one of the two primary forms of options; a call option is the other type. On a variety of underlying assets, including stocks, currencies, and commodities, put options are traded. They safeguard against a decrease in such assets' value below a predetermined price.
If the option owner exercises their put option, the seller is obligated to buy the asset at the strike/offer price.
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Describe why teams may have an advantage over individuals in decision making and job performance.
Answer:
Because teams have specific shared goals, team members usually enjoy greater autonomy, variety, task identity, task significance, and feedback.
Explanation:
Teams often enjoy the social support for difficult tasks, improving morale and motivation. Another benefit of teams is to improve product and service quality.
On November 1, 20X1, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Gerakos sells the same software without technical support for $60,000. It sells technical support for $30,000. Gerakos allocates the transaction price based on relative stand-alone values.
Required:
What amount of revenue does Gerakos recognize in 20X1 and in 20X2? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
The amount of revenue does Gerakos recognize in 20X1 is $62,222 and in 20X2 $17,778
What is Transaction price?Transaction price is the pricing that is used when two products are sold together at a discounted price, the transaction price needs to be determined based on the stand alone prices of the products and then allocating the actual sales amount.
Transaction price determines the amount that needs to be recorded in a single period, and therefore is an important step to be performed in case of combo sales at discounted prices.
The calculation is as follows,
$60,000 + $30,000 = $90,000
Software $80,000 * ($60,000 / $90,000) = $53,333
Technical Support for 6 months $80,000 * ($30,000 / $90,000) =$26,667 * 2 / 6 = $8,889. (Multiplied with 2 months out of 6 months)
20X1
$53,333 + $8,889 = $62,222
20X2
$26,667 - $8,889 = $17,778
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defining the problem gathering information evaluating information selecting the best option taking action Part A You are trying to decide what you want to major in during your college years. How should you go about making this decision?
When trying to decide the major you want in your college years, you should go about the decision by selecting the best option.
Deciding your college major?To decide your college major, you need to apply the steps in the Decision - making process which are:
defining the problem gathering information evaluating information selecting the best option taking actionThe first step would be to define the problem which is that you need to pick a college major that fit into your plans for life and that you would actually be interested in.
Then, you need to gather information of the various majors available. This is an exhausting step because you'll have to talk to your family and friends, attend college preparation fairs, talk to your guidance counselor, do research online etc.
Once you find out different majors, you then need to evaluate the information that you have to see how they fit into your plans. From this evaluation, you then select the best major for you or at least have a shortlist of 3 courses. Then take action by applying to colleges with these majors in mind.
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If a firm wants to know why valuable employess are leaving the company, it will conduct
It will conduct exit interviews. This will assist you in determining why your staff are departing for alternative chances. A firm is a for-profit commercial organisation that provides professional services, such as a corporation, limited liability company (LLC), or partnership.
When you characterise someone as firm, you mean they act in a way that indicates they are not going to change their views or that they are in control. She needed to be tough with him. 'I don't want to see you anymore.' A firm is a business that sells services and products for profit, typically professional services. A firm, on the other hand, is a business that engages in any revenue-generating activity that involves the selling of goods and services.
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Just as blood pressure, weight, height, and cholesterol numbers can help a doctor determine the overall health of a person, the______ can help a business owner understand the health of the business.
Answer:
Financial Statements.
Just as blood pressure, weight, height, and cholesterol numbers can help a doctor determine the overall health of a person, the financial statements can help a business owner understand the health of the business.
The Financial Statements help a business owner understand the health of the business. Correct answer is financial statement.
What is Health?Health is "a condition of total physical, mental, and social wellness and not only the absence of disease or disability," according to the World Health Organization (WHO).
A financial statement is a document that details the operations and performance of a company's finances. Lenders and investors use it to evaluate a company's financial stability and earnings potential. Although they can be generated for any time period, financial statements are most frequently created at the end of a month, a quarter, or a year.
As a result, Just as blood pressure, weight, height, and cholesterol numbers can help a doctor determine the overall health of a person, the Financial statements can help a business owner understand the health of the business.
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Integrated Potato Chips just paid a $1 per share dividend. You expect the dividend to grow steadily at a rate of 4% per year.
If you buy the stock and plan to sell it three years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3?
1st yr - 1.04, 2nd yr - 1.08, 3rd yr - 1.12.
The entire quantity of money that enters and exits a business would be known as the cash flow. It serves as a crucial sign of how financially sound your company is. You could invest in new prospects, pay expenditures, and expand your firm with a steady, positive cash flow.
The expected cash flows is the dividend payable at a certain date in the future. To determine the value, we multiply the dividend at a certain time by the expected growth rate.
Year Workings Expected cash flows
1 1 × 1.04 = 1.04
2 1.04 × 1.04 = 1.08
3 1.08 × 1.04 = 1.12
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What steps can you use to unprotect a form so you can make changes to it?
1. In the Restrict Editing pane, click
.
2. Type the
, and click OK.
3. Under
, remove the check mark to unprotect the form.
The necessary steps to use to unprotect a form so you can make changes to it are:
1. In the Restrict Editing pane, click the Protect group.
2. Type the Protect Document and click OK.
3. Under Protect Document, remove the check mark to unprotect the form.
What is a form protection?It is a form of tiny, simple and non-invasive spam protection for online forms. The protection, is most based on the assumption that spam bots are not running JavaScript when loading targeted forms.
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Answer:
1. In the Restrict Editing pane, click ✔ Stop Protection
2. Type the ✔ password and click OK.
3. Under ✔ Editing restrictions, remove the check mark to unprotect the form.
Explain product life cycle
A product life cycle is the leng-th of time from a product first being intro-duced to consumers until it is removed from the mar-ket . A product’s life cycle is usual-ly broken down into 4 stages ; intro-duction, growth, maturity, and decline.
Product life cycles are used by manage-ment and marketing profes-sionals to help determine advert-ising schedules, price points, expans-ion to new product markets, packaging re-designs, and more. These strategic methods of support-ing a product are kno-wn as product life cycle manage-ment . They can also help deter-mine when newer products are ready to push old-er ones from the mark-et.
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Which of the following statements is true of investments in training?
Answer: Option A
Explanation:
Instructors, both full-time staff members and individuals hired on a contract basis, typically represent the biggest cost of training
A silver mine can yield 10,000 ounces of silver at a variable cost of $32 per ounce. The fixed costs of operating the mine are $40,000 per year. In half the years, silver can be sold for $48 per ounce; in the other years, silver can be sold for only $24 per ounce. Ignore taxes. a)What is the average cash flow you will receive from the mine if it is always kept in operation and the silver is always sold in the year it is mined? b)Now suppose you can costlessly shut down the mine in years of low silver prices. What happens to the average cash flow from the mine?
The Average cash flow for Question A is $314,000.
The Average cash flow for Question B is $100,000.
What is an Average cash flow?This refers to the average amount of cash or cash-equivalent which a company receives or gives out by the way of payments to creditors.
The average cash flow to receive from the mine if it is always kept in operation and the silver is always sold in the year it is mined is computed as follows:
Average cash flow:
= (Best-case cash flow × % of time) + (Worst-case cash flow × % of time) - Variable costs - Fixed costs
= ($48 * 10,000 * 0.50) + ($24 * 10,000 * 0.50) - ($12,000 * 0.50) - $40,000
= $314,000
Supposing we can costlessly shut down the mine in years of low silver prices. What happens to the average cash flow from the mine is as computed as follows:
Average cash flow:
= (Best-case cash flow × % of time) + (Worst-case cash flow × % of time) - Variable costs - Fixed costs
= ($48 * 10,000 * 0.50) + $0 - ($24 * 10,000 * 0.50) - ($40,000 * 0.50)
= $100,000
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An extended recessionary period is indicative of. A) a depression. B) the start of a recovery. C) a growing economy. D) the end of a recession.
Answer:
A) a depression.
Explanation:
The correct option A) a depression; defines the extended recessionary period.
Define the term extended recessionary period?According to the NBER, a recession is a time between a business cycle's peak and its bottom when there is a considerable drop in economic activity across the board and it can endure for a few years.
It is unfavorable and is characterized by an increase in unemployment, a wave of corporate bankruptcies, frequent bank failures, and subpar or negative economic growth.Recession-related economic hardship can have far-reaching effects, change an economy, and trigger despair.A depression is a protracted, severe recession marked by high unemployment rates and a drop in output of above 10%.Due to the long-lasting effects that declining asset prices including bank losses have on economic activity, a balance sheet recession is now more likely to result in a depression.To know more about the extended recessionary period, here
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Which statement best describes a basic concept that applies to the AICPA independence rules? The code requires members to be independent of certain affiliates of financial statement attest clients. A violation of the “Confidential Client Information Rule” would be considered to impair independence. The Conceptual Framework for Independence applies even when a specific independence rule addresses a threat. The “Independence Rule” applies to attest, tax, and advisory engagements equally
The code requires members to be independent of certain affiliates of financial statement attest clients.
To be recognized as independent, the auditor must be intellectually honest and free of any obligation to or interest in the client, its management, or its owners, under the AICPA rules.
According to AICPA regulations, an advertisement cannot be deceptive or false so that consumers are misled and end up making unsatisfactory decisions.
As opposed to the AICPA's covered person, the DOL characterizes a member far more liberally.
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How did they get they find $200,000 loss?
Hi the answer to that would be $26,000,000
A parallel interface standard that allows you to connect multiple devices to
a single interface adapter in a daisy chain configuration.
A multiline channel that has multiple lines capable of simultaneously sending data is referred to as a parallel interface. Most personal computers (PCs) have at least one parallel interface for attaching a printer using a parallel connection until USB ports became widely used.
Parallel interface Standard:
A serial port is an interface that enables a personal computer (PC) to send and receive data via a network of connected peripheral devices, such as a printer, using numerous cables. The Centronics port, used mostly for printers, is the most popular parallel port.
A wiring design known as a "daisy chain" in electrical and electronic engineering is one in which several devices are connected in a row or ring, resembling a garland of daisy blossoms. Power, analog signals, digital data, or any mix of the three may be transmitted using daisy chains.
A daisy chain is a sort of network topology that governs the connections between network nodes, which are usually computers. Different network topologies enable goals including fault tolerance, persistence, and simplicity of use.
The Centronics parallel interface, created and used in the Centronics 101 model printer in 1970, was the first parallel interface. This became the norm, although several types of wires were needed. Up to 50-pin connectors were produced by businesses including Dataproducts.
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Why is the office critical to business success
In summary, business service professionals may play three roles: customer satisfaction, productivity, and sales generation, which frequently leads to office role conflict and stress.
The primary function of an office setting is to assist its occupants in carrying out their duties. In an office, the work spaces are often used for traditional office tasks such as reading, writing, and the computer work. There are nine different sorts of work spaces, each of which supports a different business activity. Offices play an important role in the cooperation by providing a space for collective. As a group, ideas can be shared and developed more easily.
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Jose makes a base monthly salary of RM2700. He gets a 10% commission on all sales
for every month. There is also an additional 10% bonus on top of the normal commission
rate for any sales over RM39000. If Jose sold RM42000 worth of items this month, what
is his total salary for the month?
If Jose sold RM42000 worth of items this month, his total salary for the month is $4200.
How to find the total salary?Amount past quota sold = Amount eligible for normal commission rate
Amount past quota sold = Amount sold - Monthly quota
Amount past quota sold = $42000 - $30000
Amount past quota sold = $12000
Amount past required quota for bonus commission rate = $42000 - $39000
Amount past required quota for bonus commission rate= $3000
Amount made from normal commission= 10%× $12000
Amount made from normal commission = $1200
Amount made from bonus commission =10% × $3000
Amount made from bonus commission= $300
Total amount made=$2700 + $1200 + $300
Total amount made= $4200
Therefore $4200 is the total salary.
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The complete question is:
Jose makes a base monthly salary of $2700. As a vendor, he must sell $30000 worth of items per month. He also makes a 10% commission on all sales beyond the monthly quota. There is also an additional 10% bonus on top of the normal commission rate for any sales beyond $39000. If Jose sold $42000 worth of items this month, what is his total salary for the month including base salary and commission to the nearest dollar?