Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NEED HELP ON HOMEWORK NO IDEA WHAT I NEED TO DO AND THIS IS ALL THE INFO I HAVE 2a. If a company increases advertising

NEED HELP ON HOMEWORK NO IDEA WHAT I NEED TO DO AND THIS IS ALL THE INFO I HAVE

2a. If a company increases advertising from $10M to $15M per year, by what percent would you forecast sales to increase? Please clearly show your calculation and logic. Assume that the product is a sports drink like Powerade.

AED= .025 prior

Increase=15-10/10=50

.025*50=12.5

2b. If a company has current sales of $100M, what is the ROI for the prior question?

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

Of Synthetic Finance Three Essays Of Speculative Materialism

Authors: Benjamin Lozano

1st Edition

1138790842, 978-1138790841

More Books

Students also viewed these Finance questions

Question

What are negative messages? (Objective 1)

Answered: 1 week ago