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vova2212 [387]
3 years ago
7

A book store had a $780,000 in sales revenue in 2000 and $590,000 in 2011. Assuming a constant EXPONENTIAL annual rate of decrea

se, what is the predicted sales revenue for 2017
Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

The predicted sales revenue for 2017=$501,334.008

Explanation:

If something reduces at a constant rate over a specified period of time, then it can be represented using an exponential function as follows;

y=a(1-r)^x, or y=ab^x

where;

y=final sales revenue after the reduction

a=initial sales revenue before the reduction

1-b=reduction factor

x=time interval

In our case;

y=$590,000

a=$780,000

1-r=b=unknown

x=2011-2000=12 years

replacing;

590,000=780,000.b^12

b^11=590,000/780,000=0.756

b=0.756^(1/12)

b=0.977

r=1-0.977=0.023

Determine predicted sales revenue;

y=ab^x

y=sales revenue in 2017

a=sales revenue in 2011=$590,000

b=0.977

x=7 years

replacing;

y=590,000(0.977)^7

y=$501,334.008

The predicted sales revenue for 2017=$501,334.008

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Miller Fruit wants to expand its citrus grove operations. The firm estimates that it needs $8.6 million to buy land and establis
sergeinik [125]

Answer:

2.072 rights

Explanation:

Amount needed to buy the land = $8.6 million = $8,600,000

stock outstanding = 540,000

Market price per share = $34.80

subscription price = $33 a share

Now,

Number shares to be issued = ( Amount needed ) ÷ ( subscription price )

= $8,600,000 ÷ $33

= 260606.06 shares

1 rights will be issued per stock

thus,

number of rights required for purchase

= ( stock outstanding ) ÷ ( Number shares to be issued  )

= 540,000 ÷ 260606.06

= 2.072 rights

3 0
3 years ago
In 2019, Felicity's business use of her vehicle fell to less than 50%. Regular MACRS depreciation had been used in prior years.
Flauer [41]

Answer:

(d) Straight-line method (SL), the same convention as used in the first year of depreciation, ADS recovery period

Explanation:

The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.

To decrease annual deduction, it is standardized that ADL is used with straight line method with 31 plus years for a recovery period that is longer.

5 0
2 years ago
Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries fo
Lana71 [14]

Answer: $263,000

Explanation:

Based on the information given, the finished goods inventory on September 30 will be calculated as:

= Begining inventory + Transfers in - Transfers out.

= $203000 + $1,770,000 - $1,710,000

= $263,000

Therefore, finished goods inventory on September 30 was $263,000

4 0
3 years ago
4. Trade policies Tariffs and quotas do which of the following? Benefit domestic producers of the protected good and harm domest
irina [24]

Answer:

Benefit domestic producers of the protected good and harm domestic consumers of the protected good.

Explanation:

Trade policies tariffs and quotas benefit domestic producers of the protected good and harm domestic consumers of the protected good as they're made to pay for the consumption of imported products. Hence, under free trade there are more societal benefits due to the specialization of domestic goods.

Tariffs can reduce both the volume of exports and imports in a country.

In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.

5 0
3 years ago
Which situation is better for saving money in a CD (certificate of deposit): the purchasing a car or for use in an emergency? Ex
erica [24]

Answer:

Emergency

Explanation:

Always have extra money for problems that arise.

4 0
3 years ago
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