Business, 10.11.2019 02:31 brittanysanders

Amanager pays $5,000 per month plus 2% of total monthly sales to the owner of the buiilding that houses the manager's restaurant. how much will the manager have to pay to her landlord in a month in which her operation's total sales were $80,000? a) $1,600b) $5,000c) $6,600d) $3,400e) $10,000

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Answer from: khohenfeld0

Option a) $6,600

Option b) $5,032

Option c) $5,100

Option d) $5,132

Option e) $5,068

Option f) $5,200

Explanation:

Monthly payment amount is computed as Fixed payment amount of $5,000 plus additional 2% of the monthly sales amount.

Calculations for all options are presented below:

Option a)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(80,000 x 2%) $1,600

Total Payment $6,600

Option b)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(1,600 x 2%) $32

Total Payment $5,032

Option c)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(5,000 x 2%) $100

Total Payment $5,100

Option d)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(6,600 x 2%) $132

Total Payment $5,132

Option e)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(3,400 x 2%) $68

Total Payment $5,068

Option f)

Fixed Payment Amount $5,000

Add: 2% of monthly sales(10,000 x 2%) $200

Total Payment $5,200

Answer from: Quest

Can you take a photo so i can see the table

Answer from: Quest

The correct answer is "b) net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

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