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Sales commissions:-
A second employee of the computer store in Problem 57 is paid a base salary of $3,000 a month plus a 5% commission on all sales during the month.
(A) How much must this employee sell in one month to earn a total of $4,000 for the month?
(B) Determine the sales level at which both employees receive the same monthly income.
(C) If employees can select either of these payment methods, how would you advise an employee to make this selection?
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Who are the companies that buy and store merchandise in large quantities from manufacturers and then resell the merchandise to retailers?
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The professional association of civil engineers has accepted a ‘Code of Ethics.' One endowment of the Code prohibits members of the association from discussing prices with a potential customer until after the customer had chosen an engineer.
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