Shannon's Brewery in Keller, Texas is expanding distribution to a number of cities along the l-35 corridor south from Dallas to the Gulf Coast. Shannon's typically distributes through large distributors such as Ben E. Keith located in Denton, Texas. However, Shannon Carter, CEO of Shannon's Brewery, wants to employ a series of missionary sales persons to service restaurants, bars, supermarkets, and liquor stores. Their job will be to promote Shannon's craft beers to these retailers and encourage them to place orders with Shannon's normal distributor in that area. Based on research, Shannon Carter has identified an initial 743 retailers that are potential adopters of his beers. He estimates that it will take ten visits per year to acquire and then service each account. Each sales call is expected to take 26 minutes. Assume a 40-hour work week for sales reps and that 50% of each rep's time will be consumed by non-selling tasks and travel time. How many missionary sales reps will VVUI K VVCCK TUI Sai C5TCP 5 aiiu LITat J 070 of each rep's time will be consumed by non-selling tasks and travel time. How many missionary sales reps will Shannon need to hire? (Note: you must convert the time allotted for each sales call from minutes to hours.) Round your answer up to the nearest 1/10 of a rep (in reality, as noted above, you would round to the next whole rep).
Shannon's Brewery in Keller, Texas is expanding distribution to a number of cities along the l-35 corridor south from Dallas to the Gulf Coast. Shannon's typically distributes through large distributors such as Ben E. Keith located in Denton, Texas. However, Shannon Carter, CEO of Shannon's Brewery, wants to employ a series of missionary sales persons to service restaurants, bars, supermarkets, and liquor stores. Their job will be to promote Shannon's craft beers to these retailers and encourage them to place orders with Shannon's normal distributor in that area. Based on research, Shannon Carter has identified an initial 743 retailers that are potential adopters of his beers. He estimates that it will take ten visits per year to acquire and then service each account. Each sales call is expected to take 26 minutes. Assume a 40-hour work week for sales reps and that 50% of each rep's time will be consumed by non-selling tasks and travel time. How many missionary sales reps will VVUI K VVCCK TUI Sai C5TCP 5 aiiu LITat J 070 of each rep's time will be consumed by non-selling tasks and travel time. How many missionary sales reps will Shannon need to hire? (Note: you must convert the time allotted for each sales call from minutes to hours.) Round your answer up to the nearest 1/10 of a rep (in reality, as noted above, you would round to the next whole rep).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Shannon's Brewery in Keller, Texas is
expanding distribution to a number of
cities along the l-35 corridor south
from Dallas to the Gulf Coast.
Shannon's typically distributes through
large distributors such as Ben E. Keith
located in Denton, Texas. However,
Shannon Carter, CEO of Shannon's
Brewery, wants to employ a series of
missionary sales persons to service
restaurants, bars, supermarkets, and
liquor stores. Their job will be to
promote Shannon's craft beers to these
retailers and encourage them to place
orders with Shannon's normal
distributor in that area. Based on
research, Shannon Carter has identified
an initial 743 retailers that are
potential adopters of his beers. He
estimates that it will take ten visits per
year to acquire and then service each
account. Each sales call is expected to
take 26 minutes. Assume a 40-hour
work week for sales reps and that 50%
of each rep's time will be consumed by
non-selling tasks and travel time. How
many missionary sales reps will
Transcribed Image Text:VVUI K VVCCK TUI Sai C5TCP 5 aiiu LITat J 070
of each rep's time will be consumed by
non-selling tasks and travel time. How
many missionary sales reps will
Shannon need to hire? (Note: you must
convert the time allotted for each sales
call from minutes to hours.)
Round your answer up to the nearest
1/10 of a rep (in reality, as noted above,
you would round to the next whole
rep).
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