Solve the Problem. -Mr. Alexander Earns a Weekly Salary Plus a Commission from a Commission

question 64

Multiple Choice

Solve the problem.
-Mr. Alexander earns a weekly salary plus a commission from his position as a salesman. One week his total compensation on sales of $5000 was $1000. The next week his total compensation on sales of $7000 was $1160.
Find Mr. Alexander's weekly salary and his commission rate.

• A) weekly salary: $610
• B) weekly salary: $600 commission rate: 7% commission rate: 8%
• C) weekly salary: $590
• D) weekly salary: $800 commission rate: 9% commission rate: 6%

Recognize the differing emotional investments between parents and their children.

Analyze factors leading to young adults returning to live with their parents.

Identify the prevalence of lesbian or gay parents in the United States.

Understand the changes in power dynamics between parents and children by the end of adolescence.

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Definitions:

Other Comprehensive Income

Components of comprehensive income that are not part of net income, including items that have not yet been realized as cash, such as unrealized gains or losses on investments.

Amortized Cost

Amortized cost refers to the accounting practice of gradually writing off the initial cost of an asset over its useful life or the repayment period of a loan.

Equity Securities

Equity securities are financial instruments that signify an ownership interest in a company or entity and may provide income through dividends or the potential for capital gains.