The Guitar Emporium just opened their new website to sell guitars. Below are some of the statisticsfrom their first 3 months of eCommerce.Site visitors Jan = 600Number of sales Jan = 10Revenue Jan $3,500Calculate the Conversion rate in January. 1.67%Site visitors Feb = 900Number of sales Feb 201Revenue Feb$9,000Calculate the Average Order value in March $500Calculate the 3 month conversion rate. 2%Question 6=O True:O False=According to the results from the eCommerce analysis, Guitar Emporium should be pleased with theirconversion rate.Site visitors Mar = 1,000Number of sales Mar = 20Revenue Mar $10,000

Conversion rate refers to the concept of evaluating the percentile batch of users who have…

Answered: Revenue Feb in January. 1.67% -alue in…

Business

Accounting

Revenue Feb in January. 1.67% -alue in March $500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

The Guitar Emporium just opened their new website to sell guitars. Below are some of the statistics
from their first 3 months of eCommerce.
Site visitors Jan = 600
Number of sales Jan = 10
Revenue Jan $3,500
Calculate the Conversion rate in January. 1.67%
Site visitors Feb = 900
Number of sales Feb 201
Revenue Feb
$9,000
Calculate the Average Order value in March $500
Calculate the 3 month conversion rate. 2%
Question 6
=
O True:
O False
=
According to the results from the eCommerce analysis, Guitar Emporium should be pleased with their
conversion rate.
Site visitors Mar = 1,000
Number of sales Mar = 20
Revenue Mar $10,000

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