Alix is a salesperson who receives an annual salary of $18,000 paid semimonthly plus commissions of 5% of the retail price of each unit he sells which is paid on the final pay date of the month. During his first month of employment, he sold four units for a total of $1,000 and requested a 5% draw against his $15,000 monthly minimum sales, in accordance with his employment agreement. How much
should Alix receive in his gross pay for the end of his first month?
A) $800.00
B) $1,250.00
C) $1,550.00
D) $1,750.00
C) $1,550.00
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Why have checks and balances been built into the U.S. Constitution?
A. to keep a check on the number and frequency of amendments made to the Constitution B. to ensure that the judiciary is not biased or corrupt C. to prevent any one of the three branches of the government from becoming too powerful D. to ensure that people of all races and ethnicities are uniformly represented
The expected frequencies perfectly embody the alternative hypothesis for chi-square analysis
Indicate whether the statement is true or false
According to Adam Smith’s writings, in which of the following ways would piece-rate incentives differ from excessive division of labor?
a. They would create a net outflow of workers instead of inflow. b. They would create less competition for skilled labor, not more. c. They would lower a worker’s income instead of raising it. d. They would hurt a worker’s physical health rather than mental health.
The Income Summary account
A) appears on the balance sheet. B) appears on the income statement. C) is closed to the cash account to properly state cash at the end of the period. D) does not appear in the financial statements.