A sales position is offered at a pharmaceutical company with two salary options. Option A would pay an annual base salary of $15,000 plus a commission of 7% on sales. Option B would pay an annual base salary of $30,000 plus a commission of 6% on sales. The equation y 15,000+ 0.07x models salary Option A and the equation y 30,000+0.06x models salary Option B, where x represents the amount of annual sales and y represents the annual salary in both equations. Determine the annual sales required for the options to result in the same annual salary The annual sales required would be $ (Type an integer or a decimal.)
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- A young software engineer is selling the rights to a new video game he has developed. Two companies have offered him contracts. The first contract offers $10,000 at the end of each year for the next five years, and then $20,000 per year for the following 10 years. The second offers 10 payments, starting with $10,000 at the end of the first year,$13,000 at the end of the second, and so forth, increasing by $3,000 each year(i.e.the tenth payment will be $10,000+(9×$3,000). Assume the engineer uses an i of 9%. Which contract should he choose? First Company or Second Company.The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that she will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 60% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary she receives at $150,000 profit plus 10% of company profits in excess of $150,000. On the following graph, use the purple points (diamond symbols) to plot the vice president's salary as a function of annual profit, for the profits levels of $0, $50,000, $100,000, $150,000, $200,000, $250,000, and $300,000. Total VP Salary0501001502002503002502252001751501251007550250MANAGER SALARY (Thousands of dollars)ANNUAL COMPANY PROFIT (Thousands of Dollars)300, 210The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that she will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 60% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary she receives at $150,000 profit plus 10% of company profits in excess of $150,000. On the following graph, use the purple points (diamond symbols) to plot the vice president's salary as a function of annual profit, for the profits levels of $0, $50,000, $100,000, $150,000, $200,000, $250,000, and $300,000
- A young software genius is selling the rights to a new video game he has developed. Two companies have offered him contracts. The first contract offers 8,000 at the end of each year for the next five years, and then 18,500 dollars per year for the following 10 years. The second offers 10 payments, starting with 9,500 at the end of the first year, 12,500 dollars at the end of the second year, and sof forth, increasing by G dollars each year (i.e., the tenth payment will be (9,500 dollars +9 x G dollars). Assume the genius uses a MARR of 9%. Which contract should the young genius choose? Use a present worth comparison and least common multiple of repeated lives {Perform all calculations using 5 significant figures and round any monetary answers to the nearest dollar). For one life of project one, the present worth is: Number For repeated lives of project one, the present worth is: For one life of project two the present worth is: Number For repeated lives of project two, the present…The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 90% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 10% of company profits in excess of $150,000.How do you plot the annual compensation of the vice president as a function of annual profit?The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 90% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 10% of company profits in excess of $150,000. How do you plot the profit of buying the company as a function of annual profit when you assume the company will be worth 10 million in five years?
- Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general practitioner will be $8563 per month. What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of money. Answer as a positive number to the nearest whole value (with no decimal places, $or - signs, spaces or commas).HomeGrown is a small restaurant that specializes in serving local fruits, vegetables, and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a long-term contract, where Family Farms will supply produce to HomeGrown at specified prices and volume each year. Before signing a contract, HomeGrown is trying to decide how long the contract should be. It estimates that each year the contract covers saves the restaurant $1,000 in bargaining and opportunism costs. However, each year the contract covers also requires more legal fees. HomeGrown estimates that the number of hours required from lawyers, L, has a quadratic relationship with the number of years on the contract, so that L = Y2, where Y is the number of years for the contract. If HomeGrown’s lawyers charge $100 per hour, how long should the contract be?Suppose Devon is an avid reader and buys only reusable tote bagses. Devon deposits $2,000 into a savings account that pays an annual nominal interest rate of 20%. Assume this interest rate is fixed, and so it will not change over time. On the day she makes her deposit, suppose that a reusable tote bags has a price of $20.00. Initially, Devon's $2,000 deposit has a purchasing power of reusable tote bagses. For each of the annual inflation rates given in the following table, first determine the new price of a reusable tote bags, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Devon's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest reusable tote bags. For example, if you find that the deposit will cover 20.7 reusable tote bagses, you would round the purchasing power…
- Red Velvet's latest album is being sold in three different versions. A Kpop merchandise seller determined that the profit (in pesos) for selling Red Velvet's latest album is given by P = 30,000 - 0.1x² - y² - 2² +80y + 100%, where x, y, and z are the number of albums sold for the special version, case version, and photobook version, respectively. If the seller plans to sell a total of 210 albums, use the method of Lagrange multipliers to find the number of albums for each version that will yield the maximum profit.You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the accompanying table. Recession (50%) -$ 10 $ 20 -$ 30 $ 50 Boom (50%) $ 20 Project A B -$ 10 $ 30 $ 50 If a manager adopted both projects A and B simultaneously, the varlance in returns assoclated with this joint project would be Multiple Choice 0. 10. 30. 50.Managerial Economics Suppose that a sales force has found 20 qualified buyers and has begun the sales process. The sales manager estimates that 10% eventually proceeds to make a purchase. Assume that a professional company offers three services, priced at $2,000, $7,000 and $20,000, respectively. Based on past results or the sales manager’s estimates, you project that 60% of first-time buyers will choose the cheapest option, 30% will choose the middle option and 10% will choose the most expensive option. a. Calculate the size of a likely sale for any prospect that makes a purchase.