Fiscal sales plan is $450,000,000 Fiscal GM% plan = 45% Goal is to increase GM $ by 4 million To still achieve the same dollar sales plan, calculate the new GM % you need to achieve to obtain the new GM $ plan To achieve the original GM% plan and the new GM$ plan, calculate the new sales $ plan: . Round % 1 place to the right of the decimal and include a % sign. Round GM $ to the nearest whole number (no cents), utilize comma's every 3 digits and include a $ sign
Fiscal sales plan is $450,000,000 Fiscal GM% plan = 45% Goal is to increase GM $ by 4 million To still achieve the same dollar sales plan, calculate the new GM % you need to achieve to obtain the new GM $ plan To achieve the original GM% plan and the new GM$ plan, calculate the new sales $ plan: . Round % 1 place to the right of the decimal and include a % sign. Round GM $ to the nearest whole number (no cents), utilize comma's every 3 digits and include a $ sign
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Fiscal sales plan is $450,000,000
Fiscal GM% plan = 45%
Goal is to increase GM $ by 4 million
To still achieve the same dollar sales plan, calculate the new GM % you need to achieve to obtain the new GM $ plan
To achieve the original GM% plan and the new GM$ plan, calculate the new sales $ plan: .
Round % 1 place to the right of the decimal and include a % sign.
Round GM $ to the nearest whole number (no cents), utilize comma's every 3 digits and include a $ sign
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