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ohaa [14]
3 years ago
14

Sales have decreased for two consecutive quarters at your business. You have been instructed to inform your sales team that thei

r hours, and base pay, will be reduced by 20 percent. While you may have a few members of your sales team that are under performing, you want to retain the entire team.
Write a negative news message in a direct or indirect approach informing your sales team of the news.

Write this document in the form of a memo.
Business
1 answer:
Ira Lisetskai [31]3 years ago
4 0

Answer:

To: The Sales Team

From: Henry Cavill, Vice President, Employee Relations

Date: 13 July 2021

Subject: Revisions in Compensation Structure of Sales Department

Dear All,

As you all are going to be knowing, the sales of the corporate have been decreasing since the last 2 quarters. The performance of the half-moon was rock bottom sales achieved by the corporate, within the last 5 years. As a result of this, the corporate and management have decided to require certain strict decisions.

The management has decided to scale back the bottom pay also because of the work hours of the sales team by 20%. This reduction is going to be applicable to all or any levels of the sales division. This decision has been taken in an attempt to form up for the losses, faced by the corporate, thanks to the negative overall performance of the sales team. The new compensation structure is going to be applicable from May 1st, 2019, and can be in practice till the general performance of the sales team bounces back.

In this duration, the corporate also will be observing the performance of the members of the sales team. The compensation of sales employees, who will display extra-ordinary performance, are going to be rewarded by the corporate within the corresponding quarter. Hence, all employees must be motivated to perform their best during this critical time, faced by the corporate.

The management hopes that the workers will understand the company’s perspective during this hard time. We hope things will become better and brighter quite soon. don't hesitate to follow up with me just in case of any doubts or clarifications.

Regards,

Henry Cavill

Vice President, Employee Relations

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goblinko [34]

Answer:

Retail Division  = $480,000

Commercial Division = $125,000

Explanation:

<u>Divisional income from operations for the Retail Division and the Commercial Division</u>

                                                    Retail Division     Commercial Division

Sales                                               $2,150,000              $1,200,000

Cost of goods sold                        ($1,300,000)             ($800,000)

Controllable Contribution                $850,000                 $400,000

Less Expenses

Selling expenses                            ($150,000)                 ($175,000)

Allocated Central Costs                 ($220,000)                ($100,000)

Net Income before tax                    $480,000                  $125,000

Calculations :

Allocation of Central Costs :

Retail Division (2,750/ 4,000 ×  $320,000) = $220,000

Retail Division (1,250/ 4,000 ×  $320,000) = $100,000

4 0
3 years ago
To achieve its goal of increased market share, restaurant y launched a program that awards grade-school students a free cupcake
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<span>Actually here to achieve the goal of increased market share the restaurant y followed the risk reward management function, which covers the bulk sales with clear cut super marketing strategy for their restaurants products along with word of mouth or mouth publicity, which works most of the time in any of the bussinesses.</span>
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Why do you think banks and companies want to know if you have opened up any new credit accounts recently?
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Matty Kaminsky owns a new Volvo. His June monthly interest is $400. The rate is 8 ½%. Matty's principal balance at the beginning
Nesterboy [21]

Answer:

$56,470.59

Explanation:

We need to calculate the principal amount  at the beginning of June

Data:

Interest (I) = $400

Rate(r) = 8.5%

Time(t) = 360 days

Solution:

We can calculate the principal amount by rearranging the Interest calculation formula

Formula: I = Prt

Note; Where P in the formula is the principal amount

Now rearrange the formula in order to find principal

P = I/rt

P = $400/(0.085)x(30/360)

P = $400/(0.085)x(0.08333333333333)

P = $400/(0.00708333333333

P = $56,470.59

Note: we only need to find the principal balance of June so we will consider only 30 days of June out of 360 days.

5 0
3 years ago
Which one of the following statements is true?A) The current yield on a par value bond will exceed the bond's yield to maturityB
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Answer:

E) A discount bond has a coupon rate that is less than the bond's yield to maturity

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A discount bond has a coupon rate that is below the bond's YTM this means that the bonds coupons or payments are lower than the Interest rate.

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