8 $16,424.58 withheld as territory repayments in the following amounts: Month Base 5H5 Base 513 Base 5W1 December 1988 $1,074.58 -- -0- January 1989 1,950.00 -- -0- February 1989 2,200.00 -- -0- March 1989 0.00 -- -- April 1989 0.00 -- -- May 1989 1,400.00* -- -0- June 1989 1,400.00* -- -0- July 1989 1,400.00* -0- -- August 1989 1,400.00* -0- -0- September 1989 -- $1,500.00 -- October 1989 -- 1,500.00 -- November 1989 -- 1,200.00 -- Totals $10,824.58 $4,200.00 -0- * Created a deficit commission balance that was carried forward into subsequent month(s). Petitioner received commission payments from the aggregate due on the bases; therefore, a deficit commission balance for one base was offset against net commissions payable from the other bases. Territory repayments of $16,800 and $19,000 were withheld from petitioner's monthly commission statements in 1990 and 1991, respectively. Petitioner presently has approximately $36,000 a year withheld from her commissions as territory repayments. At this rate, she is scheduled to complete the territory repayments approximately 17 years from 1988. Mr. Rigney estimated that generally the turnover rate of a customer base, that is the number of years after which no repeat business is generated from a base, ranged from 5 to 11 years after a buy-sell is completed. From her experience as a branchPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011