Question: 1) If you deposit $3748 in your savings account each year for 3 years, starting today, how much will you have in your savings account in 4 years? Your savings account earns 4% compounded annually. Round your answer to the nearest dollar.
How many sales would a salaried rep need to make in order to cover his/her salary? (see the excerpt from the case below) In both types, of sales calls, if a sale was nude, the older was placed via Palm Pilot, and the following day, the rep confirmed the order and the product availability. If products were unavailable or the delivery time needed to be altered, the rep and customer would then adjust the order to suit the customer's needs the cost of sales for independent retail accounts was approximately 15 per cent, which included commissions and other costs to the company. A territory with a sales volume of $300,000 incurred sales costs of $45,000. assume the same 15% cost of sales calculate the sales across the range of salaries $30,000, $32, 500, and $35,000 and the range of expenses $5,000, $6,000, and $7,000.