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Problem 4-43 Spreadsheet Problem Consider that you are the marketing manager of a firm. You need to have approximately 1 additional salesperson for every $10
Problem 4-43 Spreadsheet Problem Consider that you are the marketing manager of a firm. You need to have approximately 1 additional salesperson for every $10 million in sales. You currently have $45 million in sales and have 5 employees handling the sales accounts. In order to plan ahead, you want to get an idea of when you may need to hire more salespeople. Complete table that shows the sales for each of the next ten years for sales growth of 5%, 10%, 15%, and 20%. (Round your answers to 2 decimal places.) Growth Rate Today Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 5% $ 45.00 $ 47.25 10% $ 45.00 $ 49.50 15% $ 45.00 $ 51.75 20% $ 45.00 $ 54.00
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