Amanda wants to become an industrial designer. She wants to learn this specialized skill from an expert in this industry by work
2 answers:
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Answer:
b. 44.48 months
Explanation:
We need to sovle for n in a common annuity:
C $150.00
time n
rate 0.013416667 (0.161 / 12 months per year)
PV $5,000.0000
We solve using logarithmics properties
-n = -44.47953304
n = 44.48
1. The completion of the financial model with the Sales Units and Sales Revenues is as follows:
Financial Model (showing the Sales Units and Sales Revenue)
2014 2015 2016 2017 2018
Sales units 200,000 210,000 237,300 272,895 297,456
Sales Revenue 9,998,000 10,497,900 11,862,627 13,642,021 14,869,825
2. The forecast revenue in 2017 is <u>$13,642,021</u>.
<h3>Data and Calculations:</h3>2014 2015 2016 2017 2018
Growth Rate of Units Sold: 5% 13% 15% 9%
Sales units 200,000 210,000 237,300 272,895 297,456
Sales Price per unit = $49.99
Sales Revenue 9,998,000 10,497,900 11,862,627 13,642,021 14,869,825
The sales revenue = Sales Units x Sales Price per unit.
Thus, the forecast revenue in 2017 is $13,642,021.
Learn more about forecasting revenue in future years at brainly.com/question/11033682
