A car salesman receives 12.5% commission on new car sales and 20% on accessories. How much commission will he receive for selling a car for $12,630 and accessories for $106.50? round to the nearest cent
Answers
The car salesman will receive a commission of $1,581.19 for selling the car and accessories.
Commission on car sale:
The car salesman receives a 12.5% commission on new car sales. Therefore, the commission on the car sale of $12,630 would be:
Commission on car sale = 12.5% of $12,630
= 0.125 * $12,630
= $1,578.75
Commission on accessories:
The car salesman receives a 20% commission on accessories. Therefore, the commission on the accessories sale of $106.50 would be:
Commission on accessories = 20% of $106.50
= 0.2 * $106.50
= $21.30
Total commission:
To find the total commission, we sum up the commissions on the car sale and the accessories:
Total commission = Commission on car sale + Commission on accessories
= $1,578.75 + $21.30
= $1,600.05
Therefore, the car salesman will receive a commission of $1,600.05 for selling the car and accessories.
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Related Questions
Question 5 of 10
Which of the following is included in a business case?
A. Hiring plans
B. Action plans
C. Scenario planning
D. Cost benefit analysis
Answers
Answer:
B
Explanation:
I just took the quiz.
Which of the following is one of the most common complaints about brokers from sellers ?A. poor communication from the brokerB. Conducting property showings at odd hoursC. Not securing a buyer quick enoughD. Over-pricing the Property
Answers
D. Over-pricing the Property.
One of the most common complaints from sellers about brokers is that they over-price the property. Sellers may feel that the broker has listed the property at a higher price than what it is realistically worth, which can lead to difficulties in attracting potential buyers and prolong the time it takes to sell the property. Overpricing can also result in the property remaining on the market for an extended period, leading to frustration for sellers who are eager to complete the sale.
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If a company is in new york city, and a qualified applicant lives across the country in california, what would be the most cost effective interview format to use? a. distance interview b. performance interview c. group interview d. behavioral interview please select the best answer from the choices provided a b c d
Answers
Answer:
Answer: Distance Interview
Explanation:
As the company is situated in New York city and the candidate for the interview lives in California the company can choose distance interview. Distance interviews can be telephone interviews or video interviews or screen sharing to know about the candidate's knowledge.
This is a cost saving method and quick method rather than inviting the candidate to New York office for which the company has to pay for the travelling expenses. So this would be the most effective way for the applicant as well as the company.
Explanation:
economists generally conclude that the government has generated large net benefits by deregulating which industries?
Answers
Most economists come to the conclusion that deregulating the railways, aviation, and trucking industries has produced significant net advantages for the government.
What advantages does deregulation offer?Deregulation brings down operating costs, opens a market to more enterprises, and decreases consumer prices. These elements may encourage productivity and boost economic growth. In an advanced industrial economy, deregulation refers to the act of eliminating current industry-specific restrictions. By getting rid of ineffective legislation, the government has less influence over certain industries, which gives companies greater freedom to operate on the global market. Deregulation is the reduction or abolition of government control in a certain industry, usually implemented to increase competition within the sector. Market circumstances have changed over time as a result of the conflict between advocates of regulation and those of government nonintervention. Historically, one of the American businesses that has been subject to the most scrutiny is finance.
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how the company handles its credit accounts. this includes methods of invoicing and collecting past-due accounts.
Answers
How the company handles its credit accounts. this includes methods of invoicing and collecting past-due accounts' cost of capital.
An invoice, invoice or tab is a business document issued via a vendor to a customer regarding a sale transaction and indicating the products, quantities, and agreed-upon expenses for products or services the vendor had supplied the purchaser. fee terms are normally said at the bill. these may also specify that the customer has a most number of days to pay and is every now and then supplied a reduction if paid before the due date. The consumer ought to have already paid for the goods or offerings listed at the invoice. To keep away from confusion and consequent pointless communications from consumer to supplier, a few dealers simply state in huge and capital letters on an bill whether or not it has already been paid. From a dealer's factor of view, an invoice is a sales invoice. From a client's factor of view, an bill is a buy invoice. The file indicates the consumer and seller, however the term bill indicates cash is owed or owing.
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During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.
Answers
The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.
What is a snow storm?When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.
These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.
Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.
Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.
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when conducting an appraisal, only one of three approaches should be selected to determine the property value.
Answers
When conducting an appraisal, there are three approaches that can be used to determine the property value: the sales comparison approach, the cost approach, and the income approach.
The sales comparison approach involves comparing the property being appraised to similar properties that have recently sold in the area. This approach is often used for residential properties and relies on market data to estimate the value. 2. The cost approach determines the value of a property by considering the cost to replace or reproduce it. This approach is commonly used for new or unique properties and takes into account the cost of materials, labor, and depreciation. 3. The income approach is mainly used for commercial properties and estimates value based on the income it generates. This approach considers factors such as rental income, expenses, and market rents to determine the property's value.
It is important to note that the selection of the appropriate approach depends on the type of property being appraised and the available data. Appraisers may use one or a combination of these approaches to arrive at a reliable estimate of the property's value.
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The total cost (in dollars) for a company to manufacture and sell xx items per week is C=60x+60, whereas the revenue brought in by selling all x items is R=84x−0.3x2. How many items must be sold to obtain a weekly profit of $300?
Answers
To achieve a weekly profit of $300, the company must sell 60 items. This is determined by solving the profit equation, considering the cost and revenue functions provided in the problem statement.
To find the number of items that must be sold to obtain a weekly profit of $300, we need to calculate the profit function and then solve for the corresponding value of x.
The profit (P) is given by subtracting the cost (C) from the revenue (R)
P = R - C
Substituting the given expressions for revenue and cost
P = (84x - 0.3x²) - (60x + 60)
P = 84x - 0.3x² - 60x - 60
P = -0.3x² + 24x - 60
We want the profit to be $300, so we set P equal to 300:
-0.3x² + 24x - 60 = 300
Rearranging the equation and setting it equal to zero
-0.3x² + 24x - 360 = 0
Now, we can solve this quadratic equation using factoring, completing the square, or the quadratic formula. Let's use the quadratic formula:
x = (-b ± √(b² - 4ac)) / (2a)
For our equation, a = -0.3, b = 24, and c = -360. Plugging these values into the formula
x = (-(24) ± √((24)² - 4(-0.3)(-360))) / (2(-0.3))
Simplifying further
x = (-24 ± √(576 - 432)) / (-0.6)
x = (-24 ± √144) / (-0.6)
x = (-24 ± 12) / (-0.6)
This gives us two possible solutions
x = (-24 + 12) / (-0.6) = -12 / (-0.6) = 20
x = (-24 - 12) / (-0.6) = -36 / (-0.6) = 60
Since we are interested in the number of items sold, we take the positive value, x = 60.
Therefore, to obtain a weekly profit of $300, the company must sell 60 items.
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If the actual price were below the equilibrium price in the market for bread, then:
a) a surplus would develop and would get worse.
b) a shortage would develop but market forces would tend to correct the problem.
c) a surplus would develop but market forces would tend to correct the problem.
d) a surplus would develop and market forces would make it worse.
Answers
If the actual price were below the equilibrium price in the market for bread, then a surplus would develop but market forces would tend to correct the problem.
When the actual price is below the equilibrium price, it creates an incentive for buyers to demand more bread while suppliers may be less willing to supply at the lower price. This leads to a situation where the quantity demanded exceeds the quantity supplied, resulting in a surplus of bread in the market.
However, market forces come into play to correct the problem. The surplus prompts suppliers to reduce their production and lower their prices to attract more buyers. At the same time, buyers are incentivized to purchase more bread due to the lower prices. These adjustments in production and consumption eventually help bring the market back towards equilibrium, reducing the surplus.
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You are offered a court settlement in the following terms: you will receive 5 equal payments of $2,717 each every year, with the first payment being made 3 years from now. The current annual interest rate is 7%. Assume yearly compounding. What is this settlement worth in present value terms? Enter your answer in the form of dollars, rounded to the nearest cent, and without the dollar sign ('$').
Answers
The court settlement offered in the following terms is worth $10,214.95 in present value terms.
The present value of an annuity due formula can be used to determine the present value of this court settlement. The formula is as follows: PV = C × [(1 − (1 + r)^−n) / r] × (1 + r), where PV is the present value, C is the payment amount, r is the interest rate, and n is the number of payments. In this case, C is $2,717, r is 7%, and n is 5.
However, there is a slight variation in the formula because the first payment is being made 3 years from now. To account for this, we need to compound the present value of the first payment by 3 years. This means we multiply the present value of the annuity due by (1 + r)^3. Therefore, the present value of the court settlement can be calculated as follows:
PV = ($2,717 × [(1 − (1 + 0.07) ^−5) / 0.07] × (1 + 0.07)) × (1 + 0.07) ^3
PV = $10,214.95
Therefore, the court settlement offered is worth $10,214.95 in present value terms.
The consequence of a settlement understanding includes the party in question paying a specific add up to make up for the harms caused to the person in question. A settlement finishes the question off so you can put the grumbling behind you and continue on. Settlement is normally a lot quicker, with less strides than the meeting system. Talks about a settlement are kept private. If the complaint continues, no one can use what you said or the offers you make against you.
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Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar.
What is the closing balance of the accumulated depreciation account?
Accumulated Depreciation Account
Date Item $ Date Item $
Jan 1, 2012 Balance b/f 1,000
Dec 31, 2012 Depreciation Account 2,000
3,000 3,000
The closing balance of the Accumulated depreciation account is $
ANSWERRR IS 3000
Answers
in which situation is a country most likely to choose a fixed exchange rate for its currency
Answers
During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
Which of the following is the best example of a law?
A. Teachers must retire at age 65.
B. You may not ask an interviewee if he or she is married or has
children.
C. You can't spend more money that you earn.
1
D. You should not make promises you cant keep.
Need help
Answers
Teachers must retire at age 65. This is a specific requirement that has been passed by legislation and applies to all teachers who meet the criteria. It is enforceable by legal means and failure to comply may result in penalties or consequences.
Option B is an example of a guideline or policy rather than a law. While it is important to avoid discrimination during the hiring process, this is not a legal requirement in the same way that A is.
Option C is a principle of personal finance rather than a law. It is a basic concept of budgeting and managing money, but it is not a specific legal requirement that is enforced by the government.
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PLEASE HELP! IN A TEST! A salesperson may sell from a distance except when it involves _____.
A. contacting people through email messages
B. contacting people who have opted
out of receiving sales messages
C. letting customers place orders on a company's website
D. contacting people through telemarketing
Answers
Answer:
b
Explanation:
A salesperson may sell from a distance except when it involves contacting people who have opted out of receiving sales messages. Thus option (b) is correct.
Who is a salesperson?A salesperson is a person who is employed by a company or organization to sell products or services to customers. The primary role of a salesperson is to identify potential customers, establish relationships with them, and persuade them to purchase the company's products or services.
They may use a range of techniques to sell, including advertising, direct marketing, and personal selling. Successful salespeople typically have strong communication, interpersonal, and negotiation skills, and are able to build trust and rapport with customers.
If a person has opted out of receiving sales messages, the salesperson is not allowed to contact them for marketing purposes. Therefore, option (b) is correct.
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The government is concerned that the high inflation rate is threatening the sustainability of recent economic growth. What is the best way for the government to reduce the inflation rate?
Answers
Answer:
both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices
Explanation:
Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.
The government can take various measures to control price increase during an inflation.
If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.
Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices
a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.
Answers
Answer:
£2,744.20
Explanation:
savings amounts after 3 years can be calculated using the formula below.
A = P x ( 1 + r) ^ n
Where A is the amount after three years
P = principal amounts: £2337
r: interest rate: 5.5% or 0.055
n is the number of periods: 3 years
A =£2337 x( 1 + 0.055)^3
A =£2337 x(1.055) ^3
A=£2337 x 1.174241
£2,744.20
Amount after 3 years will be £2744.20
which former cable television company had ceos who committed illegal accounting actions such as concealing self-dealing to their family?
Answers
Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)
Answers
The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.
Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
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lifestyle firms basically provide their owner a similar level of income to what they would be able to earn in a conventional job.
t
f
Answers
It is true, that lifestyle firms basically provide their owner a similar level of income to what they would be able to earn in a conventional job
Lifestyle firms are typically small businesses or ventures that are created with the purpose of supporting the owner's desired lifestyle, rather than aiming for substantial growth or maximizing profits. The primary objective of a lifestyle firm is to provide the owner with a sustainable income and work-life balance that aligns with their personal goals and preferences. In this sense, the income generated from a lifestyle firm is often comparable to what the owner could earn in a conventional job.
Lifestyle firms can offer individuals the opportunity to create a business that supports their desired lifestyle while earning a similar level of income to what they would earn in a traditional job. This allows for more flexibility, autonomy, and control over one's work-life balance. However, it's important to note that the income potential of a lifestyle firm may vary depending on the specific industry, market conditions, and individual factors.
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Question 3 of 10
Which of the following is a hard skill that a marketing manager might use on
a regular basis?
A. Using listening skills to understand employee concerns
B. Using spreadsheets to plan budgets
C. Using leadership skills to motivate a project team
D. Using coding skills to create websites for clients
SUBMIT
Answers
Answer: B. Using spreadsheets to plan budgets
Explanation: yes
How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
Answers
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
Hope that this gives some insight on the topic :)
7. Problems and Applications Q7A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.28 per hour in December 2000 and $22.31 in December 2017.By what percentage did the price of a dozen eggs rise?47%86%90%By what percentage did the wage rise?16%56%128%In order to earn enough to buy a dozen eggs, a worker had to work minutes in December 2000 and minutes in December 2017. (Note: Select the answers closest to the values you compute.)Workers' purchasing power in terms of eggs between 2000 and 2017.
Answers
While the average salary increased by 56%, the cost of a dozen eggs increased by 90%. Although it took 4 minutes in December 2000 for a worker to purchase a dozen eggs, it took 5 minutes and 42 seconds in December 2017.
According to the information presented, the cost of a dozen eggs rose by 90% between December 2000 and December 2017. The cost of living has increased due to this huge increase. At the same time period, the average salary for workers in private industries rose by 56%. This demonstrates that growing prices for items like eggs have outpaced salaries. Also, it took a worker 4 minutes in December 2000 to earn enough money to purchase a dozen eggs, but it took 5 minutes and 42 seconds in December 2017. This implies that the purchasing power of employees in terms of eggs declined over time.
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Which best describes the Rottenberg invariance principle?
Answers
The Rottenberg invariance principle is a concept in economics that states that the distribution of income in a society is unaffected by changes in aggregate income.
In other words, the principle suggests that while the absolute income levels of individuals may change as a result of changes in the overall income of society, the distribution of income remains the same as long as the relative income levels of individuals remain constant.
For example, if everyone in a society receives a 10% increase in income, the relative income levels of individuals would remain the same, and thus, the distribution of income would be unaffected.
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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
When doing career research online, you always want to make sure you are viewing a reliable source, what factors about the website do you want to consider?
Answers
Answer:
The factors about the website that you want to consider to make sure you are viewing a reliable source are:
-Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
Explanation: Edit: Thank you for brainliest!
Questions 1. Other than the size of the $15.7 billion purchase, what other organizational buying characteristics does the Government of Canada display in this example?
Answers
The procurement of military hardware must follow the PSPC's regulations and policy.
Apart from the size of the $15.7 billion purchase, the Government of Canada displays the following organizational buying characteristics in the given example: Business-to-business marketing Business-to-business marketing refers to the business-to-business marketing process that involves the sale of products and services from one business to another. The Government of Canada's $15.7 billion purchase is a business-to-business transaction that involved purchasing military hardware from General Dynamics Land Systems.
2. Centralized purchasing. Centralized purchasing refers to the process where a single department within an organization is responsible for the procurement of goods and services on behalf of the whole organization. In the given example, the Government of Canada is the single department responsible for the purchase of the military hardware.
3. Government procurement regulations. The procurement of goods and services by the Government of Canada is regulated by the Public Services and Procurement Canada (PSPC). The PSPC is responsible for ensuring that procurement policies and regulations are followed, as well as ensuring that the Government of Canada gets the best value for its money. In the given example, the procurement of military hardware must follow the PSPC's regulations and policies.
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When a product mix has more product lines, it is has greater a.
lines. b. consistency. c. breadth. d. depth.
Answers
When a product mix has more product lines, it has greater C. breadth.
This is because breadth refers to the number of product lines that a company offers. A product line is a group of products that are closely related and marketed under a single brand name. The breadth of a product mix refers to the variety of different product lines that a company offers.
Breadth is one of the two dimensions of a product mix. The other dimension is depth, which refers to the number of products within each product line. In other words, depth refers to the number of different variations of a product that a company offers.
For example, a company that sells shoes may have a product line of running shoes with different styles and colors. The depth of this product line would depend on how many different styles and colors of running shoes are offered.
Another way to think about product mix is that it is the total range of products that a company offers. Companies with a wide product mix have a greater number of product lines and a greater depth within those product lines.
This allows them to appeal to a wider range of customers with different needs and preferences.
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which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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True or False: In most large organizations, buying decisions are made exclusively by members of the purchasing or procurement department, with limited or no input from other employees. True false question. True False
Answers
It is FALSE to claim that buying decisions are made exclusively by the purchasing or procurement department because there is always the required input from other employees from the production or sales department.
The input of the production or the sales department is crucial in any buying decision. Where there is a separate marketing department, the marketing employees also make their input into the buying decisions.
Thus, it is FALSE, claiming that buying decisions are exclusive to the purchasing or procurement department in large organizations.
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The type of unemployment that occurs because of a recession is called:.
Answers
Answer:
untimely or unaccurate unemployment
The type of unemployment that occurs because of a recession is called Cyclical unemployment.
What is meant by cyclical unemployment?
Unemployment that is cyclically influenced by economic cycles or industry trends is known as cyclical unemployment. Cyclical unemployment will be at its lowest while an economy is doing well and at its highest when the growth of the economy starts to slow down.Cyclical unemployment is connected to an industry's business cycle. It is a direct effect of a decline in consumer demand that caused a drop in the demand for labor.More about Cyclical unemployment:
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