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Projected monthly profit;expected annual return
The Smith family has saved for many years, and they have decided to start a hardware business with $250,000. They estimate that sales about $6000 per month during the first year. On average, the budgeted monthly costs will will be:
Wages for labor: $900Rent on store building: $1500Utilities: $300Advertising: $500Delivery costs: $400
a. Evaluate the projected monthly profit?b. Find the expected annual return on investment?
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How would you retrain these valuable personnel and How would you redesign your recruitment efforts in the discussion to account for the fact that sales personnel will need additional training?
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