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Use the following to answer the questions.
Jafrum,Inc.is a wholesale supplier of motorcycle accessories,clothing,and tools to various motorcycle retail stores around the country.Jafrum does not manufacture these items,but sells them to other retailers and also sells its merchandise through its website.Sean Thompson is one of the salespeople for Jafrum,and is responsible for obtaining new customers,increasing sales to current customers,and visiting the retail stores throughout the country.Recently,he has been given the sales objective from Jafrum's management to increase sales dollars by 15% in the coming year by adding new customers.Sean's current compensation is based on a $1,000 per month draw,plus 5% of all sales over $100,000.His salary last year totaled $42,000.Management has given Sean the choice of going to a compensation plan where he will earn 15% of all sales,but no draw.
-Refer to Scenario 18.1.Currently,Sean's compensation is based on the ____ plan,however he is considering changing to the ____ plan.
Partnership
A business structure where two or more individuals share ownership, as well as the profits or losses of the business.
Capital Balances
The amount of money or value of assets that a company or an individual has invested in a business.
Net Income
The profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.
Time Devoted
The amount of time that is spent on a particular activity or task.
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