A Salesperson Gets a Commission of $800 for the First

question 258

Multiple Choice

A salesperson gets a commission of $800 for the first $10,000 of sales, and then $400 for each additional $10,000 or partial of sales. Let S(x) represent the commission on x dollars of sales. Find the value of S(95,000) .

• A) $4200
• B) $4400
• C) $4600
• D) $3800

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Definitions:

Withdrawing Partner

An individual partner who exits a partnership, thereby receiving their share of the partnership's assets after settling any liabilities.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for, recorded as an asset on the balance sheet.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the amount of receivables that may not be collectible.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.