Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Smisor Storage Solutions sells single story storage shelters (say that fast five times). Smisor Storage Solutions uses salespeople to sell their product and over the
Smisor Storage Solutions sells single story storage shelters (say that fast five times). Smisor Storage Solutions uses salespeople to sell their product and over the years, the compensation system has changed. Units sell for $5,000 each. Compensation Plan #1: An annual salary of $48,000 is paid to all salespeople regardless of sales. Compensation Plan #2: An annual salary of $48,000 is paid to all salespeople. If sales for the month exceed 20 units, an additional $1,000 is paid to the salesperson. Compensation Plan #3: An annual salary of $24,000 plus 3% of the price of each unit sold is paid to each salesperson. Compensation Plan #4: Each salesperson is paid 5% of the price of each unit sold. Compensation Plan #5: Each salesperson is paid 5% of the price of each unit sold for 1 10 units. Each salesperson is paid 7% of the price of each unit sold for 11 20 units. Each salesperson is paid 10% of the price of each unit sold for 21 or more units. If Ryan worked at Smisor Storage Solutions when a Straight Commission plan was being used, how much would he have made for the following months? January - sold 12 units - Pay February - sold 10 units - Pay If Kayla worked at Smisor Storage Solutions when a Salary only plan was being used, how much would she have made for the following months? January - sold 15 units - Pay February - sold 5 units - Pay If Chloe worked at Smisor Storage Solutions when a Multiple-Tiered Commission plan was being used, how much would she have made for the following months? January - 15 units - Pay February - 26 units - Pay If Carson worked at Smisor Storage Solutions when a Salary-Plus-Bonus plan was being used, how much would he have made for the following months? January - 15 units - Pay February - 22 units - Pay If Jared worked at Smisor Storage Solutions when a Salary-Plus-Commission plan was being used, how much would he have made for the following months? January - 15 units - Pay February 18 units - Pay If Amber worked at Smisor Storage Solutions when a Graduated Commission plan was being used, how much would she have made for the following months? January 14 units Pay February - 26 units - Pay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started