Question
3. Here is the question all about excel! In 2016-17, the firm employed 68 salespeople. The attached spreadsheet provides information on their 2016-17 sales targets,
3. Here is the question all about excel!
In 2016-17, the firm employed 68 salespeople. The attached spreadsheet provides information on their 2016-17 sales targets, new client accounts, and total sales. Answer the following questions. Show your calculations on the spread sheet and note your answer below.
- How many new clients did Vantage Investments gain in 2016-17? What is the total sales volume ($)? On average, how much new investment did each new client bring in?
1)650
2)
3)9.701492537
- Which salesperson performed the best, in terms of (a) number of new clients; (b) total sales; and (c) average investment per new client? Who performed the worst on each of these criteria? Note their names and their performance (# or $).
| New clients | Total sales | Average investment / client |
Best performer | Lessig, Marcos (17) | Ismail (232449) | |
Worst performer | Houtz (1) | Warren (18025) |
- Which salesperson performed the best, on percentage outperformance or underperformance relative to his or her 2016-17 sales target? Who performed the worst? Note their names and percentage outperformance or underperformance.
| Name | Percentage of Target |
Best performer | Florio, Ismail, Kennedy | |
Worst performer | Warren, Vitelloni, Mancini, Houtz, |
- How many salespersons beat their 2016-17 sales targets? What percentage of the total sales force is this group of outperformers?
1)
2)
- What is the average number of new clients brought in by a sales person? What is the average value of the new investments brought in by a salesperson? What is the standard deviation of the new investments brought in by a salesperson?
1)9.701492537
2)122024.9104
3)
- Salespersons are compensated based on number of new clients and the total investments brought in by them. Each sales person receives $400 for each new client, and 2% of the total new investment they brought in. What is the total amount spent by Vantage Investments on sales commissions? What is the average compensation per salesperson?
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