Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Liz works in sales for a developer of a new community. Please use the following information to assist with questions 1-9 Price of each home:

Liz works in sales for a developer of a new community. Please use the following information to assist with questions 1-9

Price of each home: 200,00

Q4 Sales: 2,400,000

Jan sales: 1,000,000

Feb sales: 1,200,000

March Sales: 1,400,000

1) What were Liz's Sales in Q1?

2) What was Liz's sales change/growth in sales from Jan to Feb (In dollars and percentage)?

3) If Liz receives a commission of 1% for each sale, how much commission does she make per each home sale (dollars) ?

4) How much commission did Liz earn in January?

In addition to commission, Liz has a quarterly quota and earns a bonus for meeting quota. She receives $3,000 for selling 80% to quota and $100 for each additional percentage point met. In Q1, Liz'a quota was $3,000,000.

5) How many homes did Liz have to sell in Q1 to achieve quota (100% to quota)?

6) What was Liz's percent to quota in Q1?

7) How much did Liz earn in Q1?

8) If all New Home Sales in Liz's zip code in January were $10,000,000 what was Liz's market share of new home sales?

9) If Liz's sales in Q2 are $3,000,000 what is Liz's sales change/growth in sales from Q1 to Q2?

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

Financial Management

Authors: Rajiv Srivastava, Anil Misra

2nd Edition

0198072074, 9780198072072

More Books

Students also viewed these Finance questions

Question

Question 11 Gobus singer.com DO

Answered: 1 week ago

Question

Recognize and discuss the causes of culture shock

Answered: 1 week ago