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For you to understand the lesson well, do the following activities. Have fun and good luck! Activity 1. TRUE/ FALSE. Directions: Read each statement below carefully. Write "T" if the statements are true, and "F" if the statements are false. Write your answers in a separate sheet of paper. 1. If an employee only receives a percentage of the sales made with no additional compensation given then, he is receiving a straight commission. 2. If an employee receives a guaranteed base salary amount and earn an undefined amount of commission based on the amount of sales he makes, then he is receiving a graduated commission. 3. Salary plus commission is earned as a percentage of sales that as volume of sales increases, the amount of commission also increases. 4. The price of a house for sale is P5,000,000. The bank requires 15% down payment. If a buyer wants to buy the house, then he needs to pay P1,125,000 as down payment. 5. A car is valued at P2,000,000 and the required down payment is P500,000. The down payment in percentage form is 25%. 6. A salesperson is receiving a commission of 12% on all of his sales. If he was able sell goods amounting to P50,000, his total commission is P6,000? 7. A salesperson is paid in installment basis. Assuming that he was able to sell a total cost of P320,000 which will be paid in installments of P5,000 monthly with a commission of 5%. At the end of the payment term, he will be able to receive a total commission of P14,000. 8. Charlie is a sales engineer receiving a basic monthly compensation of P13,500 and 1% commission on all sales. He will receive P14,745.8 gross earnings for the month if he will be able to sell P124,580. 9. A golden bejeweled necklace was sold at P650,000 and will be paid in monthly installments of P65,000. If the salesperson gets a 3% monthly commission, then he will receive P1,950.​

Respuesta :

In a situation where an employee only receives a percentage of the sales made with no additional compensation given then, he is receiving a straight commission. This is true.

If an employee receives a guaranteed base salary amount and earn an undefined amount of commission based on the amount of sales he makes, then he is receiving a graduated commission. This is true.

Salary plus commission is earned as a percentage of sales that as volume of sales increases, the amount of commission also increases. This is true.

The price of a house for sale is P5,000,000. The bank requires 15% down payment. If a buyer wants to buy the house, then he needs to pay P1,125,000 as down payment is false. The amount needed to be paid will be 15% × P5,000,000 = P750,000.

A car is valued at P2,000,000 and the required down payment is P500,000. The down payment in percentage form is 25%. This is true.

A salesperson is receiving a commission of 12% on all of his sales. If he was able sell goods amounting to P50,000, his total commission is P6,000. This is true.

A salesperson is paid in installment basis. Assuming that he was able to sell a total cost of P320,000 which will be paid in installments of P5,000 monthly with a commission of 5%. At the end of the payment term, he will be able to receive a total commission of P14,000. This is false. The total commission will be:

= 5% × P5000 × (320000/5000) = P16000

Charlie is a sales engineer receiving a basic monthly compensation of P13,500 and 1% commission on all sales. He will receive P14,745.8 gross earnings for the month if he will be able to sell P124,580. This is true.

A golden bejeweled necklace was sold at P650,000 and will be paid in monthly installments of P65,000. If the salesperson gets a 3% monthly commission, then he will receive P1,950. This is true.

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