contestada

A new company attempting to grow should allot 7 percent of their revenue to
marketing. Assuming Sample T-Shirt Company, INC. is a new company
attempting to grow, are they spending enough money on marketing? If not, how
much should they be spending based on this quarter's revenue?

Respuesta :

fichoh

Using percentage approximation, the amount spent on marketing is $2864 which is just 1% of their revenue. Hence, the company isn't spending enough on marketing.

The amount that should be spent on marketing is $20,048

Amount spent on marketing is just about $2864 ;

Total revenue = $286,400

Percentage spent on marketing :

  • (2864 / 286400) × 100% = 1%

Recommended amount to be spent on marketing :

  • 7% × 286400 = $20,048.

Therefore, the amount of quarterly revenue that should be spent on marketing is $20,048.

Learn more : https://brainly.com/question/25204474

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