CASE 3 Al Kiyumi Electric and Trading Co. LLC, founded and established by Mr. Suleiman Hilal Al Kiyumi in the year 1973. Al Kiyumi Electric is one of Oman's leading electrical suppliers, specialized in the import of branded goods from around the world. Al Kiyumi Electric has gained a reputation as the leading electric supplier in Oman for reliability and customer service by providing quality products. The CEO was surprised to find out a high rate of employee turnover during the last few months. The HR manager stated in the report that the main reason why employees resign from the company is that they were not satisfied with their salary. Currently the company is following fixed salary of OMR 1, 200. The manager called for an emergency meeting to discuss the revision of its compensation plan for its workers. He believes that compensation is an important factor in attracting and retaining employees. Both workers and the company will benefit from a successful compensation package. The Company makes the following recommendations after extensive debate with effective financial professionals; A. Salary with commission. B. Straight Commission withdraw. C. Variable Commission based on the following scale; % on sales 3.5 Sales(OMR) Up to 40,000 40,001-50,000 Over 50,0X10 5.5 7.5 Question No-3 i) According to the variable commission scale what will be the earnings of the employee Mr. Anas, whose sales in the month of January 2020 are 45,000? Is it more than the fixed salary offered by the company? (2Marks) ii) As per the schedule if another employee Mr Yaqoob's sales arc 52,000 in the month of February 2020, how much more will be his monthly earnings compared to the current salary? (2 Marks) iii) If the company agrees to pay salary OMR 1000 and a 5% commission of sales over 45000, how much will be the earnings of Mr. Ahmed whose sales in the month of March 2020 are 45,000? (2 Marks) iv) If the company pays a straight commission of 7% on the net sales, and given OMR 500 as draw to the employees, how much will be the gross pay of Mr. Nasser whose sales are 40,000 in April 2020. (2 Marks) v) If you are getting a chance to select payment method, as an employee, what is your selection? Explain. (2 Marks)