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2 years ago

If sales are $904,000 in 2019 and this represents a 13% increase over sales in 2018, what were sales in 2018?

2 answers:

3 0

<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>

Nesterboy [21]2 years ago

3 0

Sales in 2018 are $ 800,000

The calculation is as follows:

100% in 2018 is $ 800,000

A 13% increase in 2019 represents $ 800,000 x 13%

The result is $ 104,000

So, 100% in 2018 + 13% 2019 increase = $ 800,000 + $ 104,000 = $ 904,000

<h2>Further explanation </h2>

Making sure your business sales continue to increase is not easy, many companies have used various methods and methods to generate sales.

Here are 5 ways to increase sales:

Make your customers happy

A potential customer should feel happy when entering your store, create a friendly atmosphere that invites them to come to your store and make sure your staff interacts with potential customers.

Focus on the quality of your product

The number one factor for increasing sales is to explain the value and quality of your product before the price. This is indeed difficult because in general customers will ask for prices, but have you ever bought a product without thinking about price? This is what you need to communicate, that the value and quality of the product that you offer are proportional to the price.

Increase the number of orders

Upselling is one of the best ways to increase revenue in your store. The definition of upselling is selling more products to customers who already have the intention to buy. Because these potential customers are already in the buying mindset, so you can make them increase the number of orders.

Give a promo with a limited time

One way to increase sales is to create urgency, such as giving promos in a short time. You can give a discount in a certain percentage to every customer who comes if they make any special purchases that day.

Perform after-sales communication

After you get new customers, it's important to stay in touch with them after the sale. The goal is to find ways to increase their lifetime value (LTV) or loyalty to your business.

Learn more

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Class: College

Subjects: Business

Keywords: Sales, Increase, Business

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Answer:

a. The amount in Loaded-UP Fund will grow to $104.25 after 1 year, while the amount in the Economy Fund will grow to $103.64 after 1 year.

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c. The amount in Loaded-UP Fund will grow to $151.62 after 10 years, while the amount in the Economy Fund will grow to $171.41 after 10 years.

Explanation:

The following are the relevant formulae to use:

Amount available in Loaded-UP Fund after a certain year = Investment * (1 + Rate of return – 12b-1 fee – Expense ratio)^Number of years ……………….. (1)

Amount available in Economy Fund after a certain year = Investment * (1 – Front-end load) * (1 + Rate of return – Expense ratio)^Number of years ……………….. (2)

Assuming investment is equal to $100 and using equations (1) and (2), we have:

a. 1 year?

Amount available in Loaded-UP Fund after 3 years = $100 * (1 + 6% - 1% - 0.75%)^1 = $104.25

Amount available in Economy Fund after 3 years = $100 * (1 - 2%) * (1 + 6% - 0.25%)^1 = $103.64

Therefore, the amount in Loaded-UP Fund will grow to $104.25 after 1 year, while the amount in the Economy Fund will grow to $103.64 after 1 year.

b. 3 years?

Amount available in Loaded-UP Fund after 3 years = $100 * (1 + 6% - 1% - 0.75%)^3 = $113.30

Amount available in Economy Fund after 3 years = $100 * (1 - 2%) * (1 + 6% - 0.25%)^3 = $115.90

Therefore, the amount in Loaded-UP Fund will grow to $113.30 after 3 years, while the amount in the Economy Fund will grow to $115.90 after 3 years.

c. 10 years?

Amount available in Loaded-UP Fund after 3 years = $100 * (1 + 6% - 1% - 0.75%)^10 = $151.62

Amount available in Economy Fund after 3 years = $100 * (1 - 2%) * (1 + 6% - 0.25%)^10 = $171.41

Therefore, the amount in Loaded-UP Fund will grow to $151.62 after 10 years, while the amount in the Economy Fund will grow to $171.41 after 10 years.

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2 years ago

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2 years ago

Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this

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We will use accounting equation to solve the above question.

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Also;

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b. $72,887 - $40,848 + $1,050 × 12 - 0

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Answer:

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To know more about product life cycle refer to: brainly.com/question/17485582

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