The Excelsior Company has three salespersons.Average sales price per unit sold,average variable manufacturing costs per unit,and number of units sold for each salesperson are shown below.
Commissions are earned according to the following schedule:
Prepare a contribution by salesperson report.
Definitions:
Unconditional Promise
A pledge or commitment that is absolute and not subject to any conditions or contingencies.
Sum Certain
A specified amount agreed upon within a contract that is clear and not subject to change.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on-demand or at a set time.
Payable on Demand
A financial term indicating that a debt or other financial obligation is due for payment immediately or whenever the creditor requests it.
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