Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Create a sales budget and Schedule of Cash Collections based on the following information. Expected Sales Basic Cooking Course Course 2 Semesters for the

1. Create a sales budget and Schedule of Cash Collections based on the following information.
Expected Sales
Basic Cooking Course Course
2 Semesters for the year
3 Courses are offered each semester
Maximum enrolment 32 students
Expected capacity 94%
Tuition $5,000 per student

Customized Cooking Courses
15 Courses
15 Students per course
Course Fee $110,000 per course
Each course is 5 weeks

In order to achieve these goals, the Marketing department needs to spend $350,000 on digital, television and radio advertising as well as increase the sales commission rate from 4% to 6% of revenue.

Step by Step Solution

3.52 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

Answer Sales Cooking course Number of semester Number of courses per semesternumber of s... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transport Operations

Authors: Allen Stuart

2nd Edition

978-0470115398, 0470115394

More Books

Students also viewed these General Management questions