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3 years ago

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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.

1 answer:

antiseptic1488 [7]3 years ago

8 0

Answer:

The gross pay of Kenny is $750.
The gross pay of Charles is $525.
The gross pay of Laurie is $855.
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

The gross pay of Kenny is $750.
The gross pay of Charles is $525.
The gross pay of Laurie is $855.
The gross pay of Hylis is $480.

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Answer:

a. Average number of copiers in line is 0.275

b. Average number of copiers still in operation is 4.23

c. Average number being serviced is 0.496

d. No, the office should not do it

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N = number of copy machines = 5

U = average time between unit service requirements = 1 hour = 60 minutes

T = average service time = 7 minutes

M = number of servers = 1

Cost of copier downtime = $20

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(a) Service factor, X = T / (T+U) = 7 / (60+7) = 0.105

From the Finite Queuing Tables for a Population of N = 5,

For X = 0.105 and M=1, the efficiency factor, F = 0.945

So, The average number waiting in line, L = N × (1 - F) = 5 × (1 - 0.945) = 0.275

(b) Average number in operation, J = N×F×(1 - X) = 5×0.945×(1 - 0.105) = 4.23

(c) Average number being serviced, H = F×N×X = 0.945×5×0.105 = 0.496

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The average number of copier down = N - J = 5 - 4.23 = 0.77

So, cost of downtime per hour = $20×0.77 = $15.4

Also, the cost of the server per hour = $15×M = $15×1 = $15

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From the Finite Queuing Tables for a Population of N = 5, with X = 0.105 and M=2, the efficiency factor, F = 0.997

J = N×F×(1 - X) = 5×0.997×(1 - 0.105) = 4.46

The average number of copier down = N - J = 5 - 4.46 = 0.54

So, cost of downtime per hour = $20×0.54 = $10.8

Also, the cost of the server per hour = $15×M = $15×2 = $30

So, total cost = 10.8 + 30 = $40.8 per hour (ii)

Comparing (i) and (ii), we can say that having another attendant is not cost-effective.

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Journal entry is passed in the accounting books to record the financial transactions made by a company. It shows a dual effect on every transaction where one account is debited and another account is credited.

The charge from the accountant is an expense for the company, that is, $2,800, the issue of common stock for payment is the equity of the company, that is, $1,000 and the excess amount left should be treated as additional capital in excess of par, that is, $1,800.

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