You Manage the Sales Department of a Company That Has

question 16

Essay

You manage the Sales department of a company that has four salespeople. You are creating a table that summarizes the company's sales to send to your manager. 
The sales for the 1st quarter for P. Burke are in cell B4 and the sales for the 2nd quarter are in cell  C4. How can you use the SUM function to calculate the total sales for P. Burke in cell D4? ( Hint : Write the formula.)

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Definitions:

Labor Supply

Refers to the total hours that workers are willing and able to work at a given wage rate in a specific period.

Profit-maximize

A strategy where a firm makes decisions intended to achieve the highest possible profit.

Profit-maximizing

The point at which a firm achieves the highest possible profit, where the marginal cost of production equals the marginal revenue from sales.

Total Revenue

The total receipts from sales of goods or services over a certain period of time before any expenses are subtracted.