I need a very detaling explaination on how to get the answers please 4.Karen Galactic, a sales representative for a large chemical company, gets paid a salescommission, that is, a percentage of her sales. However, she has decided to spend less timetraveling. She is going to spend only 160 hours per month with her customers. To do this shewill have to give up some of her clients. The following information is from her last full month'ssales activities.ProfessionalCorporateCustomers(CC)10SmallBusinesses (SB)50Partnerships (PP)80Number of customersAverage sale per customerCommission percentageAverage time per customerCost of traveling to site$1,000$500$2,0005%7%10%4 hours2 hours2.5 hours$10$10$10Required:To maximizesale commissions, how many customers of CC, SB anPPshould she retain?4.1ССSBPPKaren can hire an associate who can work up to 100 hours a month at $19 per hour (and doexactly the same job as Karen). Karen will have to reimburse the associate for travel costs.4.2 What is the expected incremental profit or loss if Karen hires the associate?

Introduction: A commission is a charge paid to a salesperson by a deal in return for his or her…

4. Karen Galactic, a sales representative for a large chemical company, gets paid a sales commission, that is, a percentage of her sales. However, she has decided to spend less time traveling. She is going to spend only 160 hours per month with her customers. To do this she will have to give up some of her clients. The following information is from her last full month's sales activities. Small Corporate Customers(CC) 10 Professional Businesses (SB) 50 Partnerships (PP) 80 Number of customers $1,000 7% Average sale per customer Commission percentage Average time per customer Cost of traveling to site $2,000 5% 4 hours $500 10% 2.5 hours 2 hours $10 $10 $10 To maximize her sale commissions, how many customers of CC, SB and PP should she retain? Required: 4.1 CC SB PP Karen can hire an associate who can work up to 100 hours a month at $19 per hour (and do exactly the same job as Karen). Karen will have to reimburse the associate for travel costs. 4.2 What is the expected incremental profit or loss if Karen hires the associate?

4. Karen Galactic, a sales representative for a large chemical company, gets paid a sales commission, that is, a percentage of her sales. However, she has decided to spend less time traveling. She is going to spend only 160 hours per month with her customers. To do this she will have to give up some of her clients. The following information is from her last full month's sales activities. Small Corporate Customers(CC) 10 Professional Businesses (SB) 50 Partnerships (PP) 80 Number of customers $1,000 7% Average sale per customer Commission percentage Average time per customer Cost of traveling to site $2,000 5% 4 hours $500 10% 2.5 hours 2 hours $10 $10 $10 To maximize her sale commissions, how many customers of CC, SB and PP should she retain? Required: 4.1 CC SB PP Karen can hire an associate who can work up to 100 hours a month at $19 per hour (and do exactly the same job as Karen). Karen will have to reimburse the associate for travel costs. 4.2 What is the expected incremental profit or loss if Karen hires the associate?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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