hi expert please help me A department needs to operate with a minimum selling costof 8.2%. How much would a salesperson need to sell tojustify earnings of $16,000 a year?

To determine the minimum sales amount a salesperson needs to generate to justify $16,000 in earnings…

Answered: A department needs to operate with a…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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A department needs to operate with a minimum selling cost of 8.2%. How much would a salesperson need to sell to justify earnings of $16,000 a year?