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Alja [10]
3 years ago
6

Calgary Doughnuts had sales of $100 million in 2007. Its cost of sales were $70 million. If sales are expected to grow at 20% in

2008, compute the forecasted costs using the percent of sales method
Business
1 answer:
arlik [135]3 years ago
8 0

Answer:

$84 million

Explanation:

<u>For the year 2007</u>

Sales= 100 million

Cost of sales = 70 million

Percent of sales = Cost of sales / Sales * 100

P.S.=70/100 * 100 = 70%

<u>For the year 2008</u>

Sales= 120 million

Sales= Sales in 2007 * (1+20%)

Sales= 100 million* (1+0-20)

Sales=100 million *1.20

Sales=120 million

Therefore; Cost of Sales / Sales = 70%

Cost of Sales = 70% * Sales

COS= 70% * 120 Million

COS= 0.70 * 120 million

COS= 84 million

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<em>Answer:</em>

<em>Upselling   </em><em>               </em>

<em>Explanation:</em>

<em>Upselling: </em><em>The term "upselling" is described as a specific sales technique in which a seller generally induces different customers to buy or purchase items that are considered as more expensive, upgrades or any other "add-ons" while making an effort to create a profitable sale. </em>

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<em>As per the question, the given statement signifies "upselling".</em>

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3 years ago
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3 years ago
Include general ability to understand alter lead and control the behavior ​
Liono4ka [1.6K]

Answer:

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4 0
3 years ago
Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180
alex41 [277]

The compound amount recieved by Jamie after 180 days is $1,466,844.98

Explanation:

We know that money in any sort of banking account earns interests in a compounding manner.

Amount at the end of time “x” is given by A= P(1+R/100) ˣ

Where A= amount after the said time period

P= Principal

R= Rate  

x= time period

One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.

Substituting the values of P as $ 3000, R as 3.5%, and x as 180

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Thus, the amount is $1,466,844.98

7 0
3 years ago
Retained earnings:
Lubov Fominskaja [6]

Answer:

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