Ann Riat - Salary Comparison The director of the company has asked you to confirm with Ann if she prefers to keep her annual salary of $64,000 and agrees to receive no commission on future applications she will settle, or if she would prefer to lower her annual base salary to $58,000 and receive a commission of .25% on her settlement volume. As a new mortgage broker of the company, Ann will be given one lead per week, averaging a potential mortgage size of $400,000 per lead application. Before organizing a meeting with Ann, complete the following salary comparison:

Please do not use commas in your answers only whole numbers e.g. 50000 NOT 50,000.00 Base Annual Salary Commission Number of leads per year Average mortgage size per year Average conversion rate from leads Current $64,000 No 0 Option with commission $58,000 Yes 1 X $ 400000 20% X