QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > HR Management Posted 29 Sep 2017 My Price 7.00

Julie, a sales representative, is paid a basic salary of 315 per week.

Julie, a sales representative, is paid a basic salary of £315 per week.

(a) Calculate Julie’s annual basic salary, based on a 365-day year.

 

In addition, commission is paid on 4-weekly sales, according to the following table:

Sales (£)                       Range (£)                     Rate of commission

First 100,000                 0 - 100,000                   0.05%

Next 250,000                100,001 - 350,000         0.1%

Over 350,000                350,001 upward           0.5%

In a particular 4-week period, Period A, Julie sells £160,000 worth of goods.

She earns commission as follows:

0.05% on the first £100,000 of sales = 0.05% x £100,000

0.1% on the remaining sales of £60,000 = 0.1% x £60,000

(b) Calculate Julie’s total earnings, before deductions, for Period A.

In another 4-week period, Period B, Julie sells £395,000 worth of goods.

(c) Calculate:

(i) Julie’s average sales per day for Period B

(ii) Julie’s total commission for Period B.

Answers

QuickHelper
(10)
Status NEW Posted 29 Sep 2017 02:09 PM My Price 7.00

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