Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 442 Weeks Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 26 May 2017 My Price 5.00

A stockbroker calls on potential clients from referrals

A stockbroker calls on potential clients from referrals. For each call, there is a 10% chance that the client will decide to invest with the firm. Fifty-five percent of those interested are found not to be qualified, based on the brokerage firm’s screening criteria. The remaining are qualified. Of these, half will invest an average of $5,000, 25% will invest an average of $20,000, 15% will invest an average of $50,000, and the remainder will invest $100,000. The commission schedule is as follows:

The broker keeps half the commission. Develop a spreadsheet to calculate the broker’s commission based on the number of calls per month made. What is the expected commission based on making 600 calls?

Answers

Alpha Geek
(8)
Status NEW Posted 26 May 2017 04:05 PM My Price 5.00

-----------

Attachments

file 1495815062-2209169_1_636313423702440743_Call-Commisiion-probability.xlsx preview (19 words )
Nu-----------mbe-----------r o-----------f c-----------all-----------sPr-----------oba-----------ble----------- In-----------ves-----------tor-----------sIn-----------ves-----------tor-----------s e-----------lig-----------ibl-----------e a-----------fte-----------r s-----------cre-----------eni-----------ngI-----------nve-----------sto-----------rs -----------upt-----------o $-----------500-----------0In-----------ves-----------tor-----------s u-----------pto----------- $2-----------000-----------0In-----------ves-----------tor-----------s u-----------pto----------- $5-----------000-----------0In-----------ves-----------tor-----------s u-----------pto----------- $1-----------000-----------00C-----------omm-----------iss-----------ion-----------sUp-----------to -----------$25-----------000-----------Upt-----------o $-----------500-----------00U-----------pto----------- $1-----------000-----------00T-----------ota-----------l C-----------omm-----------iss-----------ion----------- -----------
Not Rated(0)