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Spencer Henderson. a financial planner. contacts and meets with local individuals to assist with financial planning and investments in Spencer?s employer?s investment services company Spencer
Spencer Henderson. a financial planner. contacts and meets with local individuals to assist with financial planning and investments in Spencer?s employer?s investment services company Spencer receives no fee for financial planning advice, but in addition to his salary. he receives commissions on client investments in the investment services company Commission rates vary across different investment products. Spencer?s employer pays office and phone costs and also reimburses Spencer for business-related travel Satisfied clients have recommended Spencer to their friends. and Spencer now finds himself with more clients than he can handle in the 45 hours per week he would like to work. To analyze where to most profitably spend his time, Spencer has classified his current set of customers into the three groups listed here The hours devoted per customer include direct contact time. travel time, and research and follow-up time for the clients. Spencer will introduce clients he is unable to serve to one of his colleagues (Click the icon to view the customer data) Read the requirements Requirement (a) Based on the data given, what client mix will maximize Spencer's monthly commissions, assuming he works 180 hours per month? Complete the analysis by computing the average commission per hour and then computing the hours that Spencer is currently devoting to each customer group and the hours that Spencer will devote assuming he works 180 hours per month
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