Mathematics A telemarketing firm has a complex pay structure for its salespeople. Each person is given a
Question:
Mathematics A telemarketing firm has a complex pay structure for its salespeople. Each person is given a base salary and a quota (minimum expected sales). In addition to the base salary, the company pays the following commissions on sales:
4 percent for all sales up to $75,000 5 percent for sales of $75,001 to $150,000 6 percent for any sales above $150,000 Any salesperson who exceeds the assigned quota is paid a bonus of
$5,000. Complete the following table using the information given.
Salesperson Base Salary Commission Bonus Total Salary Egan __________ __________ _________ __________ Ranelle __________ __________ _________ __________ Chen __________ __________ _________ __________ Egan has a base salary of $20,000, sales of $80,000, and a quota of
$75,000.
Ranelle has a base salary of $28,000, sales of $140,000, and a quota of $150,000.
Chen has a base salary of $31,000, sales of $220,000, and a quota of
$200,000.
Step by Step Answer:
Business Principles And Management
ISBN: 9781111571726
12th Edition
Authors: James L. Burrow, Kenneth E. Everard, Brad Kleindl