Mohammad Is Paid a Weekly Commission of 2% on Net

question 107

Essay

Mohammad is paid a weekly commission of 2% on net sales of $6000.00, 4% on the next $3 000.00 and 6.25% on all further sales. His gross sales for a week were 11 160.00 and sales returns and allowances were $120.00.
a) Calculate his gross earnings for the week.
b) Calculate the average hourly rate of pay for the week if he worked 40 hours.

Grasp the concept that correlation does not imply causation.

Critically evaluate conclusions drawn from research data in psychology.

Understand the influence of psychologists' personal values and biases in conducting and interpreting research.

Recognize the importance of critical thinking in evaluating psychological research and claims.

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Definitions:

Points of Light Foundation

A non-profit organization dedicated to engaging more people and resources in solving serious social problems through voluntary service.

Quarterly and Annual Reports

Quarterly and Annual Reports are financial documents that companies publish to provide shareholders and stakeholders information on their performance during the period.

Corporate Responsibility Reports

Publications by businesses that detail their efforts and commitment to various social, environmental, and economic responsibilities.

Financial Communications

The practice of managing and disseminating a company’s financial information and narrative to its stakeholders, including investors and analysts.