Solved

Last Year, Reliable Securities Established a Sales Achievement Bonus Fund

Question 147

Essay

Last year, Reliable Securities established a sales achievement bonus fund of $10,000 to be distributed at the year's end among its four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceed the basic quota of $500,000. How much will each salesperson receive from the fund if the sales figures for the year were $910,000 for Mr. A, $755,000 for Ms. B, $460,000 for Mr. C, and $615,000 for Ms. D?

Correct Answer:

verifed

Verified

A = $5,256...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents