So you still have 60 points to go up. Every month is 3 more points. Divide 60 by 3 which will give you the number of months left before you reach your goal. 60/3= 20 months or 1 year and 8 months.
Answer:
I think letter A is the right answer
Answer:
The NPV value of the profit over the three year period is $9,900,966.32
Explanation:
The NPV of the profit over three year period was computed by first of all incorporating all growth assumptions relating to sales volume,sales price,variable and fixed costs.
With the assumptions incorporated , I calculated the sales revenue,variable and fixed costs per year,hence the profit figure is sales less variable and fixed costs.
Finally I discounted the profit to present using the formula 1/(1+r)^N,where r is the rate of 4% and N the relevant year.
Kindly find attached spreadsheet
The answer is: It causes the equilibrium price to decrease in order to increase the demand.
In a situation where consumer's income decrease and the price of the product remain the same, the demand for the product would decrease since there would be less consumers that can afford to buy the product.
For the demand to increase, the equilibrium price of the product need to be decreased so there would be more consumers that can afford it.
Answer:
4.535 times
Explanation:
cost of goods sold = $9,565 million
ending inventory of = $2,233 million
average inventory = $2,109 million
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,565 / $2,109 = 4.535 times
