I need it in 20 minutes
SM.65 A marketing company prides itself on its sales prowess andis looking for ways to increase profits. Given the company culture,the president calls for a 9% increase in sales to meet theprofitability goals. The company currently has revenues of$14,959,000 (annually), spends 40% of its revenues onpurchases, and has a net profit margin of 7%.You are a modest purchasing intern working for this company and youwant to show the president that it may be easier to reach theprofitability goals by lowering the purchasing expenses (whileholding sales constant, that is, no need to increase sales by9%).If the company is able to reach its goal of increasing sales by 9%,by how how many dollars wouldits revenue increase? (Display youranswer as a whole number.)
If the company is able to reach its goal of increasing sales by9%, by how many dollars wouldits profit increase? (Display youranswer as a whole number.)
Assuming that revenues stayed flat (meaning the company didnot try to increase sales by the 9 percent target), by whatpercentage would they have to decrease purchasing expenses to equalthe increased profit that would have come from a 9 percent increaseto revenues? (Write your answer as a percentage, and display youranswer to two decimal places.) %
I need it in 20 minutes SM.65 A marketing company prides itself on its sales prowess and is looking for ways to increase
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