Question
Profit analysis Product Product*** Total Revenue $ 437.500 $ 957.600 $1.395.100 Cost of goods sold $ 331.250 $ 658.350 $ 989.600 Gross Profit $ 106.250
| Profit analysis | |||
| Product | Product*** | Total | |
| Revenue | $ 437.500 | $ 957.600 | $1.395.100 |
| Cost of goods sold | $ 331.250 | $ 658.350 | $ 989.600 |
| Gross Profit | $ 106.250 | $ 299.250 | $ 405.500 |
| Direct marketing costs | $ 16.000 | $ 24.000 | $ 40.000 |
| Indirect marketing costs | $ 32.000 | $ 48.000 | $ 80.000 |
| Total marketing costs | $ 48.000 | $ 72.000 | $ 120.000 |
| Net profit | $ 58.250 | $ 227.250 | $ 285.500 |
You are doing PR for your marketing plan on Hi-Tech wires industry (bare brass and coated wires), you have totally $80,000 to invest in Advertisement, Social Media Channels and Trading fair. Can you predict how much Budget you need to pay for each Quarter as below?
| Marketing Expense Budget | Q1/2023 | Q2/2023 | Q3/2023 | Q4/2023 | Q1/2024 | Q2/2024 |
| Advertisements (Newspaper, Magazines) | ||||||
| Social Media Channels(Website, Blog) | ||||||
| Trading Fair | $5,500 | |||||
| Total Sales and Marketing |
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
