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mr_godi [17]
2 years ago
7

Telemarketers receive $15 commission on all new customers they sign up for cell phone service through Movill Networks. Each tele

marketer works 40 hours. The company ran a competition this week to see who could sign up the most new people and the winner would get a bonus of $75. Because these employees are paid solely on commission, the employer must ensure that they earn the federal minimum wage for 40 hours each week. Required: Compute the gross pay for each of the following outbound sales representatives.

Business
1 answer:
antiseptic1488 [7]2 years ago
8 0

Answer:

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

Explanation:

As the data of the employers is not given here, a similar question is found , for which the data is attached herewith.

Now the minimum wage per week for $8 an hour is given as

Minimum Wage=40*$8=$240.

The gross pay of Kenny with 50 new customers is given as

Gross Pay_{Kenny}=n*\$15\\Gross Pay_{Kenny}=50*\$15\\Gross Pay_{Kenny}=\$750

So the gross pay of Kenny is $750.

The gross pay of Charles with 35 new customers is given as

Gross Pay_{Charles}=n*\$15\\Gross Pay_{Charles}=35*\$15\\Gross Pay_{Charles}=\$525

So the gross pay of Charles is $525.

The gross pay of Laurie with 52 new customers is given as

Gross Pay_{Laurie}=n*\$15\\Gross Pay_{Laurie}=52*\$15\\Gross Pay_{Laurie}=\$780

So the gross pay of Laurie is $780.

The gross pay of Hylis with 32 new customers is given as

Gross Pay_{Hylis}=n*\$15\\Gross Pay_{Hylis}=32*\$15\\Gross Pay_{Hylis}=\$480

So the gross pay of Hylis is $480.

As Laurie has the highest number of new customers, so she will receive a bonus of $75.

So the gross pay of Laurie is $780+$75=$855.

So the gross pays are given as

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

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The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.

Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.

So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.

6 0
2 years ago
. Ashley has an individual medical expense insurance policy with a $1,000 calendar-year deductible and a 80–20 percent coinsuran
tia_tia [17]

Answer:

Amount insurer pays = $7000

Amount Ashley pays = $3000

Explanation:

Given that

Deductible = 1000

Incured medical Bill's = 10,000

On a 80-20 coinsurance clause

The insurer pays 80% of incured cost minus deductible and Ashley pays 20% of incured cost plus deductibles.

Therefore

Amount insurer pays = (10000 × 0.8) - 1000

= 8000 - 1000

= $7000

Amount Ashley Pays = (10000 × 0.2) + 1000

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7 0
2 years ago
Read 2 more answers
10 percent partner in a partnership that incurred a $4 million business loss this year. Jahlil has no other business activities.
sashaice [31]

Answer:

$250,000 and $500,000

Explanation:

According to the tax laws there is annual limit on Loss deductions  relating the amount of business loss that can be deducted in a year.

The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.

Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000

6 0
2 years ago
Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and
Savatey [412]

Answer:

a) Net income lost from discontinuation $235,000

b) Canoe should not be discontinued because a sum worth $235,000  generated by canoe would be lost if it is discontinued.

Explanation:

If canoe is discontinued the net income lost will be calculated as follows:

                                                                                 $

Sales revenue                                                  2,600,000

Variable cost                                                    <u> (1,870,000)</u>

Contribution                                                        730,000

Direct fixed cost                                                 <u>(495,000)</u>

Net income lost                                                    <u>235,000 </u>

a) Net income lost from discontinuation $235,000

b) Canoe should not be discontinued because a sum worth $235,000  generated by canoe would be lost if it is discontinued.

Note that the indirect  fixed cost is not associated with the production of canoe , therefore whether or not canoe is produced it will still be incurred either way.

The direct fixed costs are associated with production of canoe hence, they are subtracted.

8 0
2 years ago
The municipality of Smallville has arranged to borrow​ $30 million in order to implement several public projects​ (flood control
sergeinik [125]

Answer:

The correct response is "6.71 years".

Explanation:

The given values are:

Loan amount

= $30 Million

Loan payment per year

= $5 Million

Interest rate

R = 3%

Let,

The take number of years will be "n".

⇒  30=5\times (\frac{\frac{1-1}{(1+3 \ percent)^n}}{3 \ percent} )

⇒  30\times \frac{3 \ percent}{5}=(\frac{1-1}{1.03^n} )

⇒  .18=\frac{1-1}{1.03^n}

⇒  \frac{1}{1.03^n} =1-.18

⇒  1.03^n=\frac{1}{.82}=1.2195

On taking log both sides, we get

⇒  n=\frac{log (1.2195)}{log(1.03)}

⇒  n=6.71 \ years

8 0
2 years ago
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