Last year, Reliable Securities established a sales achievement bonus fund of $10,000 to be distributed at the years 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 persons sales exceed the basic quota of $500,000 H...

Mr C did not reach the basic quota Cs bonus 0 The sales in excess of quota fo ...

Last year, Reliable Securities established a sales achievement bonus fund of $10,000 to be distributed at the

Question:

Last year, Reliable Securities established a sales achievement bonus fund of $10,000 to be distributed at the year’s end among its four-person mutual fund sales force. The is to be made in the same proportion as the amounts by which each person’s sales exceed the basic quota of $500,000. How much will each salesperson receive from the fund if the sales figures for the year were $910,000 for Mr. A, $755,000 for Ms. B, $460,000 for Mr. C, and $615,000 for Ms. D?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...