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Last year, Reliable Securities established a sales achievement bonus fund of $16,000 to be distributed at the year's end among its four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceeds the basic quota of $500,000 (with no bonus if the quota is not met). How much bonus will each salesperson receive from the fund if the sales figures for the year were $990,000 for Alicia, $760,000 for Bob, $430,000 for Charles, and $620,000 for Diana?

Last year, Reliable Securities established a sales achievement bonus fund of $16,000 to be distributed at the year's end among its four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceeds the basic quota of $500,000 (with no bonus if the quota is not met). How much bonus will each salesperson receive from the fund if the sales figures for the year were $990,000 for Alicia, $760,000 for Bob, $430,000 for Charles, and $620,000 for Diana?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Kanish Bha Topic 3 Homework Close Date: Thu, Sep 23, 2021, 11:59 PM Question 7 of 8 Last year, Reliable Securities established a sales achievement bonus fund of $16,000 to be distributed at the year's end among its four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceeds the basic quota of $500,000 (with no bonus if the quota is not met). How much bonus will each salesperson receive from the fund if the sales figures for the year were $990,000 for Alicia, $760,000 for Bob, $430,000 for Charles, and $620,000 for Diana?
Transcribed Image Text:Kanish Bha Topic 3 Homework Close Date: Thu, Sep 23, 2021, 11:59 PM Question 7 of 8 Last year, Reliable Securities established a sales achievement bonus fund of $16,000 to be distributed at the year's end among its four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceeds the basic quota of $500,000 (with no bonus if the quota is not met). How much bonus will each salesperson receive from the fund if the sales figures for the year were $990,000 for Alicia, $760,000 for Bob, $430,000 for Charles, and $620,000 for Diana?
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