Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company is trying to figure out how many clients that a sales person will need in their pipeline in order to reach their quota.

A company is trying to figure out how many clients that a sales person will need in their pipeline in order to reach their quota. The average sized account is $100,000 and takes and average of 90 days to close. The closing ratio of accounts is 20%. The sales quota for the sales person is 4 Million dollars per year. How many accounts should the salesperson have working in their pipeline per month in order to ensure they hit their quota at the end of the year.

Show the equation and logic behind your answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Managerial Accounting Creating Value In A Dynamic Business Environment

Authors: Ronald W Hilton

6th Edition

0071113142, 978-0071113144

More Books

Students also viewed these Accounting questions