Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the owner of a business and you must hire a new salesperson. You need to advertise the salary you will offer for the

image text in transcribed
image text in transcribed
You are the owner of a business and you must hire a new salesperson. You need to advertise the salary you will offer for the position. To determine the pay package, use the equation P = a + rs where P is the pay, a is the annual salary, r is the commission rate (written as a decimal) earned on sales, and s is sales for the year. Choose an annual salary, a, between $40,000 and $70,000. Choose a commission rate, r, between 2% and 10%. Choose annual sales, s, between $100,000 and $1,000,000. Calculate the pay package making sure to show the original equation and all steps to solve the equation. Write a few sentences advertising the sales position at your company. Review an example of an initial response for this Discussion. As the business owner of America's First Apparel I am putting this advertisement out in order to hire a new salesperson. I am in need of someone trustworthy, reliable, knowledgeable, and quick on their feet when it comes to any opportunity that may come their way. When it comes to the right person for the job, I am offering a base salary position plus commission on all annual sales. I will offer the following: A (annual salary) = $65,000 R (commission rate) = 4.5% So, to give you an example of what your earnings may be for the entire year I will tell you that as of right now annual sales average around $450,000 annually. S (annual sales) =$450,000 P = A + RS P = 65,000 + .045 * $450,000 P = 65,000 + 20,250 P = 85,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

10th Canadian edition

1259261018, 1259261015, 978-1259024979

More Books

Students also viewed these Finance questions