The Sales Manager for the Tool Box,a Fine and Large

question 70

Multiple Choice

The sales manager for the Tool Box,a fine and large tool and machinery outlet,wants to increase the company's operating profit margin from 20% to 30%.The operating income of the company is $180,000.
Required
Compute the amount of sales revenue needed to achieve the goal?

• A)$600,000
• B)$485,000
• C)$525,000
• D)$613,000
• E)$500,000

---

Definitions:

Sampling

the process of selecting a subset of individuals from a population to estimate characteristics of the whole population.

Service Department

A division within a company that provides support services to the company's main operations, such as IT, maintenance, or human resources.

Sales Department

The division of a business that is responsible for selling products or services and generating revenue.

Expense Allocation

The process of distributing or assigning costs to different departments, projects, or cost centers within an organization.