the marketing manager would like to introduce sales - id15385227 от willjean6978 22.02.2021 02:56

Question

Business: the marketing manager would like to introduce sales commissions as an incentive for the sales staff. the marketing manager has proposed a commission of $11 per unit. in exchange, the sales staff would accept a decrease in their salaries of $65,000 per month. (this is the company s savings for the entire sales staff.) the marketing manager predicts that introducing this sales incentive would increase monthly sales by 300 units. what should be the overall effect on the company s monthly net operating

willjean6978 · Accepted Answer

Value of investment after 15 years will be $159,405.62

(or) $159,405 (rounded off)

Explanation:

value of retirement account after 15 years

Given information's are

His monthly savings = $500

Interest rate = 7%

Period = 15 years

Value of investment = ((P×(1+i)^n) + P),

where P is the principal,

i is the annual interest rate, and

n is the number of periods

Total investment = $500×12×15 = 90,000

Interest earned

= ((P×(1+i)^n) + P) = (6000 × (1-0.07)15) - 6000) = $69,405.62

Value of investment = (6000 × (1-0.07)15) + 6000) = $159,405.62

the marketing manager would like to introduce sales commissions as an incentive

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