Question: please show work in excel SM.63 A small company has $4,750,000 in (annual) revenue, spends 41% of its revenues on purchases, and has a net

please show work in excel SM.63 A small company

please show work in excel

SM.63 A small company has $4,750,000 in (annual) revenue, spends 41% of its revenues on purchases, and has a net profit margin of 15%. They would like to increase their profits and they are looking at focusing in one of two directions. First, they think they can save 1.85% on their purchase expenses. Or second, they can focus on increasing sales. By how many dollars would they have to increase sales in order to equal a 1.85% savings to purchasing expenses? (Display your answer as a whole number.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!