The rate of commission is 38.00%. you can calculate it by following formulae: (amount of commission * 100)/ Total sales. Njoy, regards, nilesh e-mail: nilesh_nilesh40@yahoo.com
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
if Commission is received then it is revenue but if commission is paid then it is expense, if commission is receivable then it is asset while if it is payable then it is liability.
Accrued commission is commission that builds up over time. Commission is what you earn, usually a percentage, from a sale of something.
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
Rachel's monthly commission would be $95.50. This is calculated by multiplying 9.550 by 10%.
Imediately after the close of escrow
The rate of commission is 38.00%. you can calculate it by following formulae: (amount of commission * 100)/ Total sales. Njoy, regards, nilesh e-mail: nilesh_nilesh40@yahoo.com
10% of 8500 = 8500*10/100 = 850
multiply the money by the percent and divide the sum by the amount of people working on the deal
That is a very open ended and very deep question. The reason I say that is because most people take a percentage of the sale and call that commission. Sales of $10,000 commission times 10% = $1000.00 commission. Nothing could be further from the truth. That is commission of gross sales..How about commission from net sales...How about a performance based commission. There are so many ways to devise a comp plan. Just make sure you know what you are actually paying in commission.
I am considering a lease-purchase agreement now to a prospective tenant, and the real estate agency's contract says that the commission is due when title is transferred. This would normally be at closing. Tim
Commission(C) = % Fee * Sale Price Fee= 5%, Sale Price = 3,000,000 5% = .05 C = .05 * 3,000,000 C = $150,000
You would multiply (or 'times') to calculate the commission. For example, if a sales clerk makes 10% commission on all sales, and makes a sale of $250, you would multiply $250 by .10 (.10 represents the 10 percent), which would be $25.
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