Toby achieved prior year sales of $10,000, which represented 30% of sales in his district. He was responsible for a territory that held 25% of sales potential in his district. Toby’s employer mandates a district sales goal of $45,000 for the coming year –representing an overall increase of $7,000 over prior-year results. Calculate Toby’s sales goal based on a weighted share of sales allotment (60% factor of Prior year sales and 40% for Sales potential).
Toby achieved prior year sales of $10,000, which represented 30% of sales in his district. He was responsible for a territory that held 25% of sales potential in his district. Toby’s employer mandates a district sales goal of $45,000 for the coming year –representing an overall increase of $7,000 over prior-year results. Calculate Toby’s sales goal based on a weighted share of sales allotment (60% factor of Prior year sales and 40% for Sales potential).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Toby achieved prior year sales of $10,000, which represented 30% of sales in his district. He was responsible for a territory that held 25% of sales potential in his district. Toby’s employer mandates a district sales goal of $45,000 for the coming year –representing an overall increase of $7,000 over prior-year results. Calculate Toby’s sales goal based on a weighted share of sales allotment (60% factor of Prior year sales and 40% for Sales potential).
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