Business
Business, 11.10.2019 02:10, jaidencoolman7072

The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly commission basis. given the increased incentive, they expect net sales to increase by 15%. as a result, they estimate that gross profit will increase by $58,238 and expenses by $84,384. compute the expected new net income. then, compute the revised profit margin and gross profit rate. (ignore income tax effects.)

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