Question: please solve this for my assignment work 3) Create different compensation models for your furniture store. Assume that you have a budget of $500,000 per
3) Create different compensation models for your furniture store. Assume that you have a budget of $500,000 per month. You have 4 employees, who all have different commission rates. Assume the following: (50 marks) a) Employee 1 gets paid $50 hour, works 8 hours per day, and 2 days a week, at a commission rate of 4.00 b) Employee 2 gets paid $500 hour, works 4 hours per day, and 3 days a week, at a commission rate of 10.00 c) Employee 3 gets paid $15 hour, works 8 hours per day, and 5 days a week, at a commission rate of 2.00 d) Employee 4 gets paid $25 hour, works 8 hours per day, and 4 days a week, at a commission rate of 3.00 Assume that each employee has the potential to make the following number of sales: Scenario \#1: Employee 1 makes 5 sales, Employee 2 makes 0 sales, Employee 3 makes 15 sales, Employee 4 makes 3 sales Scenario \#2: Employee 1 makes 15 sales, Employee 2 makes 10 sales, Employee 3 makes 0 sales, Employee 4 makes 13 sales Can you afford to pay your employees in each scenario? Use budgeting techniques and mixed cost methods to compute your costs and revenues for your company. Are you in a surplus or deficit in each scenario
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