the manager of a publishing company plans to give a $24,000 bonus to the top 11 percent, $13,000 to the next 35 percent, and $6,000 to the next 12 percent of sales representatives. if the publishing company has a total of 280 sales representatives, what is the expected bonus that the company will pay?

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14-10-2022
Business

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the manager of a publishing company plans to give a $24,000 bonus to the top 11 percent, $13,000 to the next 35 percent, and $6,000 to the next 12 percent of sales representatives. if the publishing company has a total of 280 sales representatives, what is the expected bonus that the company will pay?

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abhinavjh321 abhinavjh321 · Answer 1 · 2022-10-18T20:48:51+02:00

The expected bonus that the company will pay the expected bonus company pays= 2214800.

A bonus is a financial payment that exceeds the recipient's typical payment expectations. Companies may give bonuses to senior executives as well as entry-level workers. While incentives are typically given to great employees, businesses occasionally distribute bonuses to the entire workforce to quell employee resentment.

Bonuses can be offered as incentives to potential hires and can be paid to current employees to recognise their efforts and boost retention. A bonus issue, which is an offer of free additional shares of the company's stock, is one way for companies to give bonuses to its current shareholders. A bonus is a financial payment that exceeds the recipient's typical payment expectations.

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