Question
A business unit of Nike hired 3 new sales people. Nike currently generates sales of $1 million/year at a contribution margin of 30%. Rent is
A business unit of Nike hired 3 new sales people. Nike currently generates sales of $1 million/year at a contribution margin of 30%. Rent is $45,000/year. Each sales person (old or new) costs $50,000 /year to employ. How much does Sales have to increase for Nike to break-even to justify its 3 new hires?
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
