Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4% of sales up to $120,000 and 2.8% on sales over $120,000. What was Ornell's total gross pay for last month if his sales volume was $194,500?
$3,766
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Which method of evaluating capital projects assumes that cash inflows can be reinvested at the discount rate?
a. internal rate of return b. payback period c. profitability index d. accounting rate of return
Derivatives include
a. an option to purchase a share of stock. b. a commitment to purchase a certain amount of foreign currency in the future. c. interest rate, foreign exchange rate, and commodity price hedges. d. all of the above e. none of the above
The direct write-off method of accounting for bad debts records the loss from an uncollectible account receivable when it is determined to be uncollectible.
Answer the following statement true (T) or false (F)
All of the following sentences are correct except ____
A) Any one of the team members is able to add comments to the report B) Either of the proposals are acceptable to the work team. C) Some of our customers feel that the prices are too high.