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2. Spiffy Spectrals sells spectrum analyzers to acoustics laboratories and industrial customers. The company employs a sales force that works on straight commission. Sales in
2. Spiffy Spectrals sells spectrum analyzers to acoustics laboratories and industrial customers. The company employs a sales force that works on straight commission. Sales in 2020 were $20,000,000, which were expected to exhibit annual growth of 8.00% in 2021 and 10.0% in 2022. The sales commission rate was 5.50% in 2020, 5.50% in 2021, but was expected to grow to 6.00% in 2022. How much will Spiffy Spectrals expect to pay in sales commissions in 2022?
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