Zach Corp. pays commissions to its sales staff at the rate of 3% of net sales. Sales staff are not paid salaries but are given monthly advances of $15,000. Advances are charged to commission expense, and reconciliations against commissions are prepared quarterly. Net sales for the year ended March 31 were $15,000,000. The unadjusted balance in the commissions expense account on March 31 was $400,000. March advances were paid on April 3. In its income statement for the year ended March 31, what amount should Zach report as commission expense?

Answers

Answer 1
Answer:

Based on the information given the amount that Zach should  report as commission expense is $450,000.

Using this formula

Commission expense=Percentage of net sales× Net sales

Where:

Percentage of net sales=3%

Net sales=$15,000,000

Let plug in the formula

Commission expense=3%×$15,000,000

Commission expense=$450,000

Inconclusion the amount that Zach should  report as commission expense is $450,000.

Learn more about commission expense here:brainly.com/question/25169847


Related Questions

Some Eukaryotic cells have internal structures that are able to use photosynthesis to convert light energy into chemical energy (as bonds in sugars). Why is this capability not found in all Eukaryotes?
In the practice of ________, scabs from smallpox victims were used to immunize susceptible individuals against smallpox.
Which phrase describes organisms that formed index fossils?
Use the template of a replication fork to draw arrows that represent both continuous and discontinuous DNA synthesis. Draw one long arrow to show continuous DNA synthesis and three arrows to show discontinuous DNA synthesis. The arrows should point in the direction of nucleotide addition, and the three arrows showing discontinuous synthesis should be numbered 1, 2, and 3, in the order of fragment synthesis.
How do antibiotics help your immune system deal with infectious agents?

We find DNA on the ___, In every living cell that an organism ownsa. chromosomes
b. reproduction
c. mitosis

Answers

We find DNA on the chromosomes, in every living cell that an organism owns. So, the correct option is A.

What is Chromosome?

The word chromosome comes from the Greek words for color (chroma) and body (soma). Chromosomes are so named because they are cell structures, or bodies, that are strongly stained by certain color dyes used in research.

Chromosomes are defined as structures found inside the nucleus of a cell that are organized into genes from proteins and DNA. Each cell normally has 23 pairs of chromosomes.

These are threadlike structures which are made of protein and a single molecule of DNA that serve to carry the genomic information from cell to cell.

Therefore, the correct option is A.

Learn more about Chromosomes, here:

brainly.com/question/10234301

#SPJ6

Answer:

A. Chromosomes

Explanation:

A Chromosome is some thing carrying genetic information in the form of genes.

Discuss with your classmates your conclusion about the effect of temperature on the rate of photosynthesis. Explain how you reached this conclusion.

Answers

Even though the light dependent reactions of photosynthesis are not affected by a change in temperature, the light independent reactions of photosynthesis can be dependent on temperature. They are reactions of enzymes. As the enzymes approach their optimum temperatures the rate increases.


Based on your knowledge of ocean chemistry, predict the feeding mode and size of organisms found in the deep layers of the ocean, and select the best explanation.

Answers

In the deep layers of the ocean, various distinct kinds of species are found like fangtooth fish and vampire squid, to sea urchins and coffinfish.  

One of the probable adaptation, which is not fully understood in the deep sea is gigantism. This refers to the ability of animals to become highly enormous in size. A well-known illustration is a giant squid, and others, like giant isopod, the kings of herrings selfish, and the colossal squid.  

One of the possible reason of gigantism is the tendency of the species in the deep sea to live for long years, that is, for decades or for even centuries. As food is not abundant in the deep zones, thus deep sea creatures have evolved some interesting mechanisms of feeding.  

In the non-existence of photosynthesis, the majority of food comprises of detritus, that is, the decaying leftovers of algae, microbes, animals, and plants from the upper layers of the ocean. Apart from that, the corpses of large animals, like whales that sink to the bottom give irregular but huge feasts for deep-sea animals.  


The spiral ganglion cells of the inner ear are unipolar.
a. True
b. False

Answers

Answer:

b. False

Explanation:

The spiral ganglion, formed from the primitive otocyst, is located on the cochlea's modulus (axis) and is made up of approximately 35,000 neurons in man. These bipolar neurons are of two types: type I and type II. Its peripheral extensions (dendrites) end in the spiral organ, in contact with the hair cells of which they receive information. Its central extension (axon) ends at the cochlear nuclei of the brainstem.

How does natural selection or human evolution affect disease susceptbility

Answers

Investigations of the legacy of natural selection in the human genome have proved particularly informative, pinpointing functionally important regions that have participated in our genetic adaptation to the environment. Furthermore, genetic dissection of the intensity and type of selection acting on human genes can be used to predict involvement in different forms and severities of human diseases.

How many kinds of mosquito are common in Nepal l​

Answers

there are 130 kinds of mosquito are common in Nepal l