Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

John's clothing store employs three salespeople. It generates annual sales of $1 million and an average contribution margin of 25%, Rent is 50,000. Each sales

John's clothing store employs three salespeople. It generates annual sales of $1 million and an average contribution margin of 25%, Rent is 50,000. Each sales person costs 50,000 per year in salary and benefits. How much would sales have to increase for John to break even hiring an additional salesperson?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Services Marketing Concepts, Strategies, & Cases

Authors: Douglas Hoffman, john Bateson

4th edition

1439039399, 978-1439039397

More Books

Students also viewed these Marketing questions

Question

★★★★★

In order to promote economic expansion, the town of Hyde Park has declared certain areas of the city to be "no-tax zones." Businesses located in these areas are exempt from all city taxes. As a...

Answered: 1 week ago

Question

★★★★★

What is the role of conversation in our business and personal lives?

Answered: 1 week ago

Question

★★★★★

Using the legend provided, indicate which form of business entity each of the following characteristics describes. Some of the characteristics may apply to more than one form of business entity....

Answered: 1 week ago

Question

★★★★★

John's clothing store employs three salespeople. It generates annual sales of $1 million and an average contribution margin of 25%, Rent is 50,000. Each sales person costs 50,000 per year in salary...

Answered: 1 week ago

Question

★★★★★

Who is better protected, generally, by debt collection laws: the debtor or the creditor? Why?

Answered: 1 week ago

Question

★★★★★

6 In the force integration functional area (FIFA) of __________, the organization and its field maintenance and/or sustainment structure have all required organizational facilities and support...

Answered: 1 week ago

Question

★★★★★

20. A charge of 10 nC is kept at the centre of a square of side 2 m. What would be the potential at the vertices of the square ABCD? Also, find the work done in moving a charge of 5 C from A to C.

Answered: 1 week ago

Question

★★★★★

22. A hollow cylindrical box of length 1 m and area of cross-section 25 cm is placed in a three dimensional co-ordinate system as shown in Fig. 3.63. The electric field in the region is given by...

Answered: 1 week ago

Question

★★★★★

23. Determine (VA - VB) potential difference from the following figure 3.64. (UP 2016) +9 A B -x- X Fig. 3.64

Answered: 1 week ago

Question

★★★★★

Bill has 30.00 more than Alan, but then Alan wins some money on lotto and trebles his money, which means that henow has 20 more than the original amount of money thatthe two men had between them. How...

Answered: 1 week ago

Question

★★★★★

Read the source of spotlight on the law 9.8 and compare their decisions over reasonable adjustment with more recent cases. Has the position changed as more decisions have been made at higher courts?

Answered: 1 week ago

Question

★★★★★

Annualised hours (see case study 7.1 and focus on research 7.1) appear to have considerable advantages for the employer. Read the article and book chapter on which these extracts are based and...

Answered: 1 week ago

Question

★★★★★

Specify which techniques of training are best suited to the following: Learning to drive a car Students needing a basic understanding of the business cycle Teaching teenagers about personal...

Answered: 1 week ago

Previous Question Next Question