I was speaking with Rich earlier this week and he told me that we intend...

70.2K

Verified Solution

Question

Accounting

image I was speaking with Rich earlier this week and he told me that we intend to continue our push for more stability in the way we compensate our salesforce. I firmly believe that this gives us a unique competitive edge in the industry. In line with this compensation strategy, we will retain the current commission rate structure to incentivize performance but also plan to increase the average base pay for all salespeople by 20%. Last year the average base pay was $30,300 across our 91 salespeople. Given that we plan to grow our salesforce by 12.54% next year, what is the estimated total cost associated with the 20% increase in average base pay? Sincerely, Linda Linda Lopez Board Member, Marketing | Andrews Corporation $551,460 $310,307 $827,190 $620,613

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students