Question

In: Operations Management

Most brokers will set a minimum level of commissions that must be earned by a sales...

Most brokers will set a minimum level of commissions that must be earned by a sales associate becoase of

a)

association fees

b)

insurance fees

c)

secretarial costs

d)

desk costs

Solutions

Expert Solution

Answer: (A) Association Fees

Explanation:

Brokers have the right to set commissions within their own firm. This is not an antitrust violation. Sales associates who wish to associate with that broker can be required to comply.


Related Solutions

How to solve this question on Microsoft Excel The annual commissions earned by sales representatives of...
How to solve this question on Microsoft Excel The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5000. a. What percentage of sales representatives earn between $32,000 and $42,000 per year? b. What percentage of sales representatives earn more than $42,000 per year? c. The sales manager wants to award the sales representatives who earn the largest...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery,...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal probability distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. a. What percent of the sales representatives earn more than $42,000 per year? b. What percent of the sales earn less than 28,000 per year? c. The sales manager wants to award the sales representatives who earn the largest commissions a bonus of $1,000. He can...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery,...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5000. a. What percentage of sales representatives earn between $32,000 and $42,000 per year? b. What percentage of sales representatives earn more than $42,000 per year? c. The sales manager wants to award the sales representatives who earn the largest commissions a bonus of $1000. He can award...
The annual commissions earned by sales representatives of Machine Products Inc. a manufacturer of light machinery,...
The annual commissions earned by sales representatives of Machine Products Inc. a manufacturer of light machinery, follow the normal probability distribution. The mean yearly amount earned is $42,000 and the standard deviation is $4000. a. What percent of representatives earn less than $45,000? b. What percent of representatives earn between $32,000 and $45,000? c. How much is the annual commission for the top 15% of the sales representatives?
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives...
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $ 4.2 $ 6.0 $ 8.0 $ 11.3 $ 12.5 $ 13.6 $ 14.6 $ 16.4 $ 17.1 $ 17.4 $ 18.2 $ 22.3 $ 36.8 $ 43.2 $ 78.8 Determine the mean, median, and the standard deviation. (Round your answers to 2 decimal places.) Determine the coefficient of skewness using Pearson’s method. (Round your answer to 3 decimal places.)...
The commissions in dollars earned for the first quarter of last year by the 11 members...
The commissions in dollars earned for the first quarter of last year by the 11 members of the sales staff at Master Chemical Company are: 1650, 1475, 1510, 1670, 1595, 1760, 1540, 1495, 1590, 1625, 1510. • Calculate the mean and the standard deviation of the commissions earned. • Calculate the second quartile and the sixth decile.
For February, sales revenue is $597,000, sales commissions are 6% of sales, the sales manager's salary...
For February, sales revenue is $597,000, sales commissions are 6% of sales, the sales manager's salary is $81,100, advertising expenses are $92,500, shipping expenses total 4% of sale, and miscellaneous selling expenses are $2,400 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$235,700 b.$238,685 c.$176,000 d.$211,820
Here’s an example of how breakpoint discounts on sales commissions for mutual fund investors work: Sales...
Here’s an example of how breakpoint discounts on sales commissions for mutual fund investors work: Sales charge Less than $25,000, 5.75% $25,000 to $49,999, 5.5% $50,000 to 99,999, 4.75% $100,000 to $249,999, 3.75% Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.15. a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.5%? (Round up to the nearest share even if it is less than 5.) Minimum...
Do you think each state should set up a different level of minimum wage and different...
Do you think each state should set up a different level of minimum wage and different renewal periods? Or do you think each state should have a unilateral agreement on the issues?
Which of the following costs should not be recorded as an expense? Multiple Choice Sales commissions...
Which of the following costs should not be recorded as an expense? Multiple Choice Sales commissions Insurance on factory building Product shipping costs Product advertising
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT