Business, 03.12.2021 02:10 UnusualKc5117
Fay Corp. pays its outside salespersons fixed monthly salaries and commissions on net sales. Sales commissions are computed and paid on a monthly basis (in the month following the month of sale), and the fixed salaries are treated as advances against commissions. However, if the fixed salaries for salespersons exceed their sales commissions earned for a month, such excess is not charged back to them. Pertinent data for the month of March for the three salespersons are as follows: Fixed Net Commission Salesperson Salary Sales Rate A $10,000 $ 200,000 4% B 14,000 400,000 6% Cc 18,000 600,000 6% Totals $42,000 $1,200,000 What amount should Fay accrue for sales commissions payable at March 31?
Answers: 3
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Business, 22.06.2019 20:30
Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets.b. an increase in accrued liabilities.c. an increase in notes payable.d. an increase in accounts receivable.e. an increase in accounts payable.
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Fay Corp. pays its outside salespersons fixed monthly salaries and commissions on net sales. Sales c...
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