Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during a typical year, mark's monthly sales compen

During a typical year, Mark's monthly sales compensation has ranged between $17,500 and $23,700 per...

90.2K

Verified Solution

Question

Accounting

image
During a typical year, Mark's monthly sales compensation has ranged between $17,500 and $23,700 per month and units sold ranged between 1,000 and 1,800 units for those same months. Required: Use the high-low method to determine Mark's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Mark's total compensation amounted to \$233,250. Note: Round your "Commission rate" to 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Consider the data in the file Growth.csvwhich contains data on average growth rates over 1960-1995 for...

Accounting
1.2K views

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa...

Physics
1.2K views

A uniform cylindrical rod of mass m and length 17 L is rotating with an...

Basic Math
1.2K views

Prorate the given expenses to find the monthly cost Keiko pays 340 per month for...

Basic Math
1.2K views

Use the following information for the Exercises below Algo The following information applies to the...

Calculus
1.2K views

2x 4 Consider the function f x 52 2 A where the function is not...

Calculus
1.2K views

Find the absolute extrema of the function f(x) = 12+x / 12-x on the interval...

Calculus
1.2K views

Suppose that f 5 1 f 5 4 g 5 6 and g 5 9...

Algebra
1.2K views

has determined that the number of fir trees in a forest is decreasing by 3...

Accounting
1.2K views

A completed Personnel Budget (Table 6-33) Follow the instructions on page 353 to calculate...

Accounting
1.2K views

Using the lower of cost or market, what should the total inventory value be for...

Accounting
1.2K views

Presented below are data on three promissory notes. Determine the missing amounts. (Use 360...