Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Assume a sales manager determines that in a given territory each salesperson sells approximately $500,000 yearly. Also, assume that the firm's cost of goods sold is estimated to be 65 percent of sales and that a salesperson's direct costs are $35,000 a year. Each salesperson works 48 weeks a year, eight hours a day, and averages five sales calls per day. Using this information, how much merchandise must each salesperson sell to break even?

a. For the year?

b. Each day?

c. Each sales call?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92657465

Have any Question?


Related Questions in Statistics and Probability

The probability of a potential employee passing a training

The probability of a potential employee passing a training course is 86%. If you selected 15 potential employees and gave them the training course, what is the probability that more than 12 will pass the test?

According to the national health interview survey 47 of us

According to the national health interview survey, 4.7% of U.S adults 50 and older have had a total knee replacement. A random sample of 20 adults 50 and older has been selected. Use the Poisson distribution to approxima ...

What do we mean by financial intelligence how to assess a

What do we mean by financial intelligence? How to assess a company's health? Use the plain language to define operating experience, capital expenditure, accruals, depreciation, and goodwill. Describe differences between ...

Ryan braun has just tested positive for gorilla growth

Ryan Braun has just tested positive for Gorilla Growth hormone. You are his lawyer. Given the following information, do you think you could get him off? Explain your reasoning. P(positive test | drug use) = 0.99 P(positi ...

A firm evaluates all of its projects by applying the irr

A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 -$ 153,000 1 78,000 2 67,000 3 49,000 What is the project's IRR? If the required return is 11 percent, should the firm accept the project? Y ...

The distance between the y value in the data and the

The distance between the Y value in the data and the predicted Y value from the regression equation is known as the residual. What is the value for the sum of the squared residuals?

Why is it that some people make very high returns on the

Why is it that some people make very high returns on the stock market if it is so efficient? Is it more difficult to reconcile very high returns with efficient markets if the same people make extraordinary returns year a ...

From a random sample of 41 teens it is found that on

From a random sample of 41 teens, it is found that on average they spend 31.8 hours each week online with a standard deviation of 3.65 hours. What is the 90% confidence interval for the amount of time they spend online e ...

Timco is considering project a project a will cost 23000 it

Timco is considering project A. Project A will cost 23000. It should provide after tax cash inflows of 5000 per year for the next 6 years. The cost of funds is 10%. Find the MIRR. Should Timco buy it?

A researcher is planning to a silvicultural study using 3

A researcher is planning to a silvicultural study using 3 different fertilizers on 3 adjacent plots. How many ways can the 3 plots be arranged if there are 18 fertilizers to choose from?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As