Ask Question
17 July, 09:17

Suppose a firm manager has a base salary of $85,000 and earns 0.5 percent of all sales. Determine the manager's income if revenues are $2,000,000 and profits are $500,000. Multiple Choice $170,000 $50,000 $95,000 $87,500

+2
Answers (1)
  1. 17 July, 11:25
    0
    The manager's income if revenues are $2,000,000 and profits are $500,000: $95,000

    Explanation:

    The firm manager earns 0.5 percent of all sales. If revenues are $2,000,000 and profits are $500,000,

    The firm manager earns from sales = $2,000,000 x 0.5% = $10,000

    The manager has a base salary of $85,000

    The manager's income = manager 's base salary + earns from sales = $85,000 + $10,000 = $95,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose a firm manager has a base salary of $85,000 and earns 0.5 percent of all sales. Determine the manager's income if revenues are ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers