Knowee
Questions
Features
Study Tools

Sales Organisation SizeEstimate the number of sales personnel needed for an XYZ company having a forecast for FY 21 as ₹6,00,00,000. According to XYZ company’s past records, the average revenue generated per sales personnel is ₹10,00,000. The estimated % of annual salesforce turnover is 1.6%. 61554549

Question

Sales Organisation SizeEstimate the number of sales personnel needed for an XYZ company having a forecast for FY 21 as ₹6,00,00,000. According to XYZ company’s past records, the average revenue generated per sales personnel is ₹10,00,000. The estimated % of annual salesforce turnover is 1.6%. 61554549

🧐 Not the exact question you are looking for?Go ask a question

Solution

To estimate the number of sales personnel needed for XYZ company, follow these steps:

  1. Determine the base number of sales personnel: Divide the forecasted revenue by the average revenue generated per sales personnel.

    6,00,00,000 / 10,00,000 = 60 sales personnel

  2. Calculate the estimated number of sales personnel that will leave due to turnover: Multiply the base number of sales personnel by the annual salesforce turnover rate.

    60 * 1.6/100 = 0.96 ≈ 1 sales personnel

  3. Add the base number of sales personnel to the estimated number of sales personnel that will leave due to turnover to get the total number of sales personnel needed.

    60 + 1 = 61 sales personnel

So, XYZ company would need approximately 61 sales personnel for FY 21.

This problem has been solved

Similar Questions

XYZ Corp reported the following sales during 2022:July 2022 -> 3,250 unitsAugust 2022 -> 2,000 unitsSeptember 2022 -> 3,500 unitsOctober 2022 -> 1,500 unitsNovember 2022 -> 750 unitsDecember 2022 -> 2,250 unitsFor January 2023 the sales manager is forecasting a 20% increase in sales versus the average sales for Q4 2022.How many units is the sales manager forecasting?

XYZ Ltd. has supplied you the following information in respect of one of its products:Total fixed costs Rs. 18,000Total variable costs Rs. 30,000Total sales Rs. 60,000Unit sold  20,000Calculate the volume of sales to earn a profit of Rs. 24,000

At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000. During the year, the company registered total revenue of P850, 000, cost of goods sold is 40% and selling and general expenses are 20%.Selling and general expenses amounted toSelect one:a.P170,000b.P68,000c.P200,000d.P102,000

Q1. XYZ Corporation operates in the retail sector and provides the following financial information for the fiscal year 2023: Net Sales: $3,000,000 Cost of Goods Sold (COGS): $1,500,000 Operating Expenses: $500,000 Total Assets: $5,000,000 Total Liabilities: $2,000,000 Shareholders Equity: $3,000,000 Earnings Before Interest and Taxes (EBIT): $1,000,000 Interest Expense: $200,000 Taxes: $250,000 Earnings Per Share (EPS): $5 Price-Earnings (P/E) Ratio: 20 Calculate the following financial ratios for XYZ Corporation: Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets (ROA) Return on Equity (ROE)

During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to XYZ’s Year 2 activity:- Beginning Inventories: 10,000 units (including $3 of fixed overhead per unit).- During Year 2, XYZ Inc. produced and sold 90,000 and 85,000 units respectively.- Fixed overhead per unit on units produced during Year 2 amounted to $2.50 per unit.- XYZ employs a FIFO (First-in First-out) approach to inventory sales.Based on the information provided, variable costing income from operations would have been:Select one:a. $92,500.b. $137,500.c. $117,500.d. $112,500.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.