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IRINA_888 [86]
3 years ago
8

Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 year

s later? a. $271.74 b. $301.10 c. $286.05 d. $316.16 e. $331.96
Business
1 answer:
cupoosta [38]3 years ago
3 0

Answer:

b. $301.10

Explanation:

Current Sales = P = $225,000,000

Growth rate = g = 6%

Number of year = 5 years

Using simple growth formula we will find the Sales value after 5 years.

Future Sales = Current Sale ( 1 + growth rate )^Number of years

A = P ( 1 + g )^n

A = 225,000,000 x ( 1 + 0.06 )^5

A = 225,000,000 x 1.33823

A = 301,101,750 = 301.10175 Million

So, the correct option is b. $301.10.

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Reports that trace the entry of and changes to critical data values are called ____ and are essential in every system.
ivanzaharov [21]

Answer:

audit trails

Explanation:

Reports that trace the entry of and changes to critical data values are called <u>audit trails</u> and are essential in every system.

8 0
2 years ago
In a wholly owned or closely held corporation, there really is little distinction between the functions of a board of directors
umka21 [38]

It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

<h3>What is a board of directors and board of advisors? </h3>

A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.

In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

Read more about board

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8 0
2 years ago
1) You are considering purchasing a 20 year bond from Saudi Arabia. You have a required return
inessss [21]

Answer:

$812.20

Explanation:

Given the following bond characteristic:

Coupon rate = 12%

Market or yield rate = 15%

Years to maturity = 20 years

Face or par value = $1000

Inputting the values into a bond value calculator, the bond value output is : $812.20

This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.

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(50 POINTS) 1 HOUR TO ANSWER PLEASE HELP. LIFE INSURANCE?
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In the _____ stage of selecting information technology projects, organizations select information technology projects. a. projec
Rainbow [258]

In the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.

Explanation:

The first step of a planning process to align the information technology strategic plan to the organization's overall strategic plan

The<u> project planning  stage</u> refers to that stage of project planning which involves , selecting information technology projects, organizations and defining the scope of the project , benefits, and constraints of the same

The <u>business area analysis</u>  stage of information technology planning outlines business processes that are central/important  in  achieving strategic goals and helps determine which ones could most benefit from information technology.

So,it is in the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.

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2 years ago
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