nira's Closet L's Closet air 's Closet air

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter5: Systems Of Linear Equations
Section5.2: Solve Systems Of Equations By Substitution
Problem 5.48TI: Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each...
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Samira's Closet came up with the business goals below upon seeing their financial results from 2018.
Samira's Closet Business Goals:
In the next 12 months, Samira's Closet aims to extend the services provided to include more styling
and custom-made items.
In the next 3 years, Samira's Closet aims to triple sales.
In the next 5 years, Samira's Closet aims to have 90% store stock to be Samira's own designs.
Below is a table of forecast and actual sales of Samira's Closet.
2018
2019
2020
2021
Sales Forecast
$385,000
$539,000
$693,000
Actual Sales
$231,000
$320,000
$450,000
(a) Should Samira's Closet continue with their current selling techniques in order to reach their goals in
2021? Justify your answer.
Transcribed Image Text:Samira's Closet came up with the business goals below upon seeing their financial results from 2018. Samira's Closet Business Goals: In the next 12 months, Samira's Closet aims to extend the services provided to include more styling and custom-made items. In the next 3 years, Samira's Closet aims to triple sales. In the next 5 years, Samira's Closet aims to have 90% store stock to be Samira's own designs. Below is a table of forecast and actual sales of Samira's Closet. 2018 2019 2020 2021 Sales Forecast $385,000 $539,000 $693,000 Actual Sales $231,000 $320,000 $450,000 (a) Should Samira's Closet continue with their current selling techniques in order to reach their goals in 2021? Justify your answer.
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