Question
SM.61 A small but growing online retailer, Nile Corporation, has shown impressive growth in sales over the past several years, with sales this past
SM.61 A small but growing online retailer, Nile Corporation, has shown impressive growth in sales over the past several years, with sales this past year at $732,000. If the company has a net profit margin of 5 percent, what would its net profit be (in dollars)? (Display your answer as a whole number.) Number If in the next year the company achieves its revenue growth target of 12 percent, what would its total revenue be? (Display your answer as a whole number.) Number If in the next year the company achieves its revenue growth target of 12 percent, and assuming its profit margin remained unchanged at 5 percent, what would its total profit be for next year? (Display your answer as a whole number.) Number If the company achieves its revenue growth target of 12 percent, by how many dollars will revenue increase? (Display your answer as a whole number.) Number If the company achieves its revenue growth target of 12 percent, by how many dollars will net profit increase? (Display your answer as a whole number) Number Using the original revenue number of $732,000, if the company spends 69 percent of its revenue on purchases, what would be its purchasing expense? (Display your answer as a whole number.) Number Assuming that revenues stayed flat (meaning the company did not try to increase sales by the 12 percent target), by what percentage would they have to decrease purchasing expenses to equal the increased profit that would have come from a 12 percent increase to revenues? (Write your answer as a percentage, and display your answer to two decimal places.)
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