Prairie Insurance sells life insurance, disability insurance, vehicle insurance, crop insurance, and homeowners' insurance. You are employed
Question:
Prairie Insurance sells life insurance, disability insurance, vehicle insurance, crop insurance, and homeowners' insurance. You are employed by Prairie Insurance and have been promoted to sales division manager for the Western Canadian division. You will be supervising approximately 25 salespeople, along with five administrative assistants at various locations. The salespeople travel extensively and submit expense reports along with sales information monthly. A sample expense report for September shows:
Prairie Insurance-Western Canadian
Division Sales Report: John Bishop
Month Ended September 30, 2014
Sales revenue* .................................... $56,000
Expenses** ....................................... 34,000
*Sales invoices attached
**Receipts attached
The former manager was dismissed because division results have been deteriorating. The consolidated sales report for the past three months shows the following:
Required
Using the elements of critical thinking described on the inside front cover, respond.
Step by Step Answer:
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen