Question

You are offered two different sales jobs. The first company offers a straight commission of 8%...

You are offered two different sales jobs. The first company offers a straight commission of 8% of the sales. The second company offers a salary of $ 320 per week plus 3% of the sales. How much would you have to sell in a week in order for the straight commission offer to be at least as good?

Homework Answers

Answer #1

0.08 * x = 320 + 0.03 * x

or, 0.05 * x = 320

or, x = 6400 (ans)

                                                                                               

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Salary Offers You are applying for jobs at two companies. Company A offers starting salaries with...
Salary Offers You are applying for jobs at two companies. Company A offers starting salaries with m = $31,000 and s = $1000. Company B offers starting salaries with m = $31,000 and s = $5000. From which company are you more likely to get an offer of $33,000 or more? Explain your reasoning. please explain show work
When hired at a new job selling jewelry, you are given two pay options: Option A:...
When hired at a new job selling jewelry, you are given two pay options: Option A: Base salary of $16,000 a year, with a commission of 6% of your sales Option B: Base salary of $23,000 a year, with a commission of 2% of your sales In order for option A to produce a larger income, you would need sell at least $ of jewelry each year.
Your company is considering paying a commission to the sales force to expand sales. You are...
Your company is considering paying a commission to the sales force to expand sales. You are charged by the Chief Financial Officer with 1) computing a new breakeven point, and 2) the operating profit increase by 20% with the new sales commission plan. You spend the next week gathering information, analyzing the information, and performing various cost-volume-profit analysis. You generate a report showing the new plan should lead to a substantial increase in sales with a minimum increase in breakeven...
You are choosing between two different cell phone plans. The first plan charges a rate of...
You are choosing between two different cell phone plans. The first plan charges a rate of 24 cents per minute. The second plan charges a monthly fee of $29.95 plus 9 cents per minute. How many minutes would you have to use in a month in order for the second plan to be preferable? Round up to the nearest whole minute.
You receive two job offers in the same big city. The first job is close to...
You receive two job offers in the same big city. The first job is close to your​ parents' house, and they have offered to let you live at home for a year so you​ won't have to incur expenses for​ housing, food, or cable and Internet. This job pays $45,000 per year. The second job is far away from your​ parents' house, so​ you'll have to rent an apartment with parking ​($12,500 per​ year), buy your own food ​($2,250 per​...
A new company has moved into town. The hiring manager has offered you one of the...
A new company has moved into town. The hiring manager has offered you one of the following three jobs. Which position pays the best? Job 1 This job pays $12.30 per hour with a regular 40-hour work week and time-and-one-half for overtime.The position is paid for 50 weeks, with 2 weeks of unpaid vacation. Job 2 This position is a salaried, entry-level management position that pays $27,830. Job 3 This opportunity is a commission-based sales position with the firm’s marketing
You have just joined the investment banking firm of Vancouver, BC. They have offered you three...
You have just joined the investment banking firm of Vancouver, BC. They have offered you three different salary arrangements. You can have $ 90,000 per year for the next six years, or you can have $ 70,000 per year for the next six years, along with $ 50,000 signing bonus today, or you can have 100,000 in one year and 230,000 in two years and 220,000 in three years from now. The bonus is paid immediately, and the salary is...
You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two...
You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $7,400 per month for the next two years, or you can have $6,100 per month for the next two years, along with a $33,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly. If you take the first option, $7,400 per month for two years, what is the present value? What is the present value...
You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two...
You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $145,000 per year for the next two years, or you can have $55,000 per year for the next two years, along with a $30,000 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year. Required: (a) If the interest rate is 9 percent compounded monthly, what is the present...
You are considering two home security companies for your new house. The first company offers free...
You are considering two home security companies for your new house. The first company offers free installation and equipment, but will charge you $490.00 per year for the next five years. The second company charges $709.00 for installation, but will charge you $216.00 per year for the next five years. Assume that payments are at the END of the year. Your personal interest rate is 5.00%. What is the PV of the free installation option? What is the PV of...