Question
Golf Clubs 'n Balls is a $16 million company with 1 president and the following number of sales reps in these two territories: -Eastern U.S.
Golf Clubs 'n Balls is a $16 million company with 1 president and the following number of sales reps in these two territories:
-Eastern U.S. ($12 million in sales, 9 reps)
-Western U.S. ($4 million in sales, 5 reps)
The company sells two types of products (and each rep sells both products):
-Golf clubs ($10 million in sales) and
-Golf balls ($6 million in sales).
And you can assume that the following list contains information on all other costs for this company:
- Each rep is paid a straight salary of $92362
- The company president is paid a salary of $612423
- They recently spent $219097 for a national TV ad which focused on golf clubs only (not balls).
- Cost of goods sold is exactly 1/2 of sales (i.e., 50%)
calculate the net profit generated by the company's line of golf clubs.Round to nearest dollar amount.
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