Answer:
Target dollar sales = $353,333
Explanation:
First we need to find out how much contribution do we need to get a profit of 70,000.
Profit= Contribution - Fixed cost.
70,000=Contribution-36,000
70,000+36,000=106,000
Contribution= 106,000
Now in order to find the sales we will use the formula
Target Sales= Contribution/Contribution margin
Contribution = 106,000
Contribution margin =30%=0.3
Input the values into the formula
106,000/0.3=353,333.333
Options:
A. prospecting and qualifying.
B. sales identification.
C. personal development.
D. preliminary sales analysis.
Answer:A. prospecting and qualifying.
Explanation: Prospecting and qualifying are two terms which are currently used by the people who are involved in the sales and marketing of products.
Prospecting is the process of identifying and correcting with people or Organisations that can become potential customers.
Qualifying is the process of identifying and confirming if a given lead is a potential and prospective customer.
THE ACTIVITIES OF BAILEY THROUGH WHICH BAILEY WAS ABLE TO IDENTIFY DECISION MAKERS WHO ARE WILLING TO CONSIDER OF HER TEXT IS PROSPECTING AND QUALIFYING.
Answer:
The simple rate of return on the investment is closest to: C. 10.6%
Explanation:
In Hartong Corporation:
Increasing net income = Increase sales revenues - Cash operating expenses - Annual depreciation expense = $185,000 - $89,000 - $52,000 = $44,000
This is the net income from the equipment per year
Return on the investment (ROI) is calculated by using following formula:
ROI = (Net income/Cost of investment
)x 100%
Cost of investment = Cost of equipment = $416,000
ROI = ($44,000/$416,000) x 100% = 10.6%
Answer:
It increased the depth of their product mix.
The depth of the product mix is basically how many different types of variations of the same product are offered, e.g. Coke, Diet Coke, Coke Zero, etc. Increasing product depth involves new flavors, different package sizes or other specific characteristics regarding the product.
Product width refers to the different types of products offered by the company, e.g. Toyota offers sedans, trucks, SUVs, minivans. In this case, product width is not affected.
