Answer the following problem Ada Church is a Sales Manager for a…
Question Answered step-by-step Answer the following problem Ada Church is a Sales Manager for a… Answer the following problem Ada Church is a Sales Manager for a Lungmen Real Estate Corporation. She is paid P25,000.00 monthly salary. She also earns 4% commission and 1% override. 11. If she was able to sell a house and lot worth P2,350,000.00 paid with a down payment of 10%, APR of 4% and loan term of 3 years. How much would be her initial commission be if the first monthly amortization is also paid along with the down payment?A. P11,897.73B. P6,424.24C. P13,874.23D. P3,687.50 12. Based on question #11, how much is the monthly amortization?A. P68,687.55B. P62,443.23C. P66,606.11D. P111,855.75 13. Based on question #11, how much would be the principal amount of the mortgage loan?A. P2,326,500.00B. P1,880,000.00C. P2,115,000.00D. P2,256,000.00 14. Based on question #11, how much would be the down payment?A. P94,000.00B. P470,000.00C. P23,500.00D. P235,000.00 15. Based on question #11, how much would be Ada Church’s gross earnings for the month if the people she manage was able to generate sales amounting to P743,345.00 and she was paid a transportation allowance worth P4,550.00?A. P40,670.95B. P48,881.18C. P43,407.69D. P50,857.68 Business Accounting Share QuestionEmailCopy link Comments (0)
