1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AnnyKZ [126]
3 years ago
15

Scarborough Faire Herb Farm is a small company specializing in selling organic fresh herbs, teas, and herbal crafts. Currently,

basil is their top selling herb, with $41,000 in sales last year. Parsley is their second biggest seller with $30,000 in sales. Total sales last year were $160,000 and Scarborough Faire forecasts sales to increase by 13% this year. If total sales increases by the percentage forecasted, what will total sales be this year
Business
1 answer:
kirza4 [7]3 years ago
4 0

Answer:

Sales This year will be $180,800

Explanation:

Total Sales Last Year = $160,000

Growth rate of sales = 13%

Sales This year = Total Sales last year x (1+Growth rate)

Sales This year = $160,000 x (1+13%)

Sales This year = $160,000 x (1+0.13)

Sales This year = $160,000 x 1.13

Sales This year = $180,800

You might be interested in
For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr
Semenov [28]

Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

3 0
3 years ago
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
polet [3.4K]

Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

5 0
4 years ago
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th
Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0
3 years ago
Select the correct answer.
serious [3.7K]

Answer:

A.true hope this helps sorry if I'm wrong have a wonderful day

7 0
3 years ago
Read 2 more answers
Your mom is thinking of retiring. her retirement plan will pay her either $250,000 immediately on retirement or $350,000 five ye
WITCHER [35]
I will go with choice b for answer
4 0
4 years ago
Other questions:
  • An intoxicated guest asks for one last drink shortly after last fall, but the server already cashed out. Should the server bring
    11·1 answer
  • A company is considering the purchase of a new machine for $49,000. Management predicts that the machine can produce sales of $1
    9·1 answer
  • In 1 or 2 sentences, describe the effect of competition on prices of items being sold.
    8·1 answer
  • When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its
    15·1 answer
  • Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process:
    15·1 answer
  • One of the themes that came out of the survey responses is that employees take their responsibility of serving fresh, hot food q
    5·1 answer
  • Perit Industries has $110,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat
    15·1 answer
  • Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair val
    14·1 answer
  • If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would a. rise from 10 to 20. b. rise from 5 t
    12·1 answer
  • Which situation would increase the scarcity of a product?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!