Example 2-25 Kate Kline receives an annual $35,000 base salary for working a certain territory....
60.1K
Verified Solution
Link Copied!
Question
Accounting
Example 2-25 Kate Kline receives an annual $35,000 base salary for working a certain territory. A sales quota of $800,000 has been set for that territo current year. Kline will receive a 6 percent commission on all sales in excess of $800,000. For the current year, the sales in the territory $1,030,000. The bonus paid Kline would be: Kline's total earnings for the year would be: $13,800 (6% of $230,000) $48,800 ($35,000-$13,800) Wendy Epstein, a sales representative, earns an annual salary of $31,000 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 9.0% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10.5%. Her total sales for the past year were $285,000. Compute the following amounts: a. The regular annual salary b. The commission c. The total annual earnings
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
