Answer:
Approximately 6 years
Explanation:
Use Future value formula to calculate the period:
FV = Target Earning = $3 million
PV = Current Sales = $1,233,450
g = growth of sales = 16%
n = number of years = ?
FV = PV ( 1 + g )^n
$3,000,000 = $1,233,450 x ( 1 + 16% )^n
$3,000,000 / $1,233,450 = ( 1 + 0.16 )^n
2.4322 = 1.06^n
log 2.4322 = log 1.16^n
n = log 2.4322 / log 1.16
n = 5.99
n = 6 years (Rounded off to nearest whole year)
Answer:
Cash paid 168,000
Explanation:
Assuming that there were no inventory at start of the year
purchases during the year :
Sold = 155
Closing inventory = 21
Total purchase (155+21) = 176
Cash paid for merchandise = total purchase - increase in liability
Cash paid = 176-8 = 168
Answer:
The need for organisations (which may be governmental or non-governmental) to improve the condition of living of people and protect their environment whilst they pursue increased profitability has been termed
The Triple Bottomline.
It is also referred to by economists as the 3P - People, Planet and Profit.
It speaks to the fact that other than the usual making financial success the sole metric of measurement by which organisations are evaluated, their impact on people and the environment should be considered as well.
In simple terms, a firm should be termed more successful than others if it's activities besides being profitable also impacts positively on people and protects if not improves the environment.
Cheers!
Answer:
The Guidelines for how votes are counted and who can vote is a rule, it is backed up by the constitution as a way of directing the masses.
Choosing to campaign in states with a large number of electoral votes or so called swing states is a strategy, this involves coming up with the best approach or means to win in an election. Going to such states is a big strategy towards securing victory.
Emphasizing different messages to different voter groups is another strategy, this entails telling each of the people things that are their most needs in a bid to convince them to vote for you. It is a strategy that has always worked.
Securing endorsements and large campaign contributions is a payoff, it is an aftermath of popular acceptance by the people.
Limits on sources of fundraising and campaign contributions is a rule established by the states to encourage fair play in the electoral system or process.
Explanation:
see Answer
