A Salesperson Gets Paid a Salary of $2,150 Per Month

question 15

Short Answer

A salesperson gets paid a salary of $2,150 per month, with a graduated commission plan that pays 2.5% on sales up to $40,000, 3% on sales between $40,000 and $80,000, and 3.5% on sales over $80,000. Compute the total pay for the salesperson during a month when sales were $106,500.​

Interpret the recording of transactions not previously billed or recorded in revenue collections.

Recognize the treatment of accounts payable and receivable in various transactions.

Understand the recording and impact of owner's investments and withdrawals on capital.

Determine the source of information for transaction explanations and account credits in journal entries.

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Definitions:

Four Horsemen

In psychology, a term referring to four negative communication styles identified by John Gottman that can predict the end of a relationship: criticism, contempt, defensiveness, and stonewalling.

Relational Apocalypse

A dramatic and significant disruption or end to a relationship, often characterized by intense emotional distress.

Securely Attached

Refers to individuals who have formed healthy and resilient emotional bonds with significant others, often characterized by trust and a sense of safety in relationships.

Psychological Needs

Psychological needs refer to the intrinsic, essential desires that motivate behavior and contribute to mental health, such as the need for belonging, esteem, and self-actualization.