Calculation Questions, Answered
This is a simple formula to determine how much tip you should leave at a restaurant. By multiplying these two numbers, you can calculate how much extra money you should leave for the servers as a thank-you for their service. Restaurant Tip = Total Cost * Tip Percentage When dining out at a restaurant, you …
This calculates the amount of tip you should give to a dog groomer. You start by multiplying the total cost of grooming your dog (including any additional services) by the tip percentage. The tip percentage is usually a certain percentage of the total cost that is considered customary or polite to give as a tip. …
Effective Labor Rate = Labor Sales ($) / Hours Sold/Billed (#) The effective labor rate is a way for businesses to figure out how much money they make from the work their employees do. It’s calculated by dividing the total amount of money made from selling labor by the number of hours that were worked …
This calculation helps us determine how many days a person has been employed. We start by knowing the date they started working and then add the number of days they have been working for. This will give us two employment days: consecutive and business days. Consecutive days include weekends and holidays, while business days only …
This calculation helps you determine how long it will take to listen to an audiobook at different speeds. To do this, you divide the total time of the audiobook by the playback speed. So, if an audiobook is 5 hours long and you’re listening to it at double speed, it will only take 2.5 hours …
Weighted Share of Sales Allotment = (Salesperson’s Share of Prior-Year Sales in District (%) * Assigned Weighting (%)) + (Territory’s Share of Sales Potential in District (%) * (1 – Assigned Weighting (%))) The Weighted Share of Sales Allotment is a way for businesses to determine how much each salesperson should be responsible for selling …
Sales Goal = Salesperson’s Prior-Year Sales ($) + (Forecasted Sales Increase for District ($) * Territory’s Share of Sales Potential in District (%)) This formula helps businesses and marketers determine how much they need to sell to meet their goals. It considers a salesperson’s past sales, the predicted increase in sales for the region, and …
Sales Potential = Number of Possible Accounts (#) * Buying Power ($) This formula helps businesses determine how much money they can make by selling their product or service. By multiplying these two numbers together, we can find out the total sales potential – in other words, how much money the business could potentially earn …
Sales Force Territory Workload = [Current Accounts (#) * Average Time to Service an Active Account (#)]+[Prospects (#) * Time Spent Trying to Convert a Prospect into an Active Account (#)] This formula helps businesses figure out how busy their salespeople will be. It considers the current customers and how long it takes to serve …
Average Retention Cost = Retention Spending ($) / Number of Customers Retained (#) This formula helps businesses determine how much money they spend to keep their customers. To find the average retention cost, you divide the amount of money spent on keeping customers by the number of customers that are still with the company. This …