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EastWind [94]
3 years ago
13

Last year Dania Corporation's sales were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be 8 ye

ars later?
Business
1 answer:
Kipish [7]3 years ago
6 0

Answer:

$936.33 Million

Explanation:

Current sales = $525 millions

Growth rate = 7.5%

Number of years = 10 years

Sales after 8 year = Current sales x (1+g)^{n}

Sales after 8 year = $ 525 million x (1+7.5/100)^{8}

Sales after 8 year = $ 525 million x (1+0.075)^{8}

Sales after 8 year = $ 525 million x (1.075)^{8}

Sales after 8 year = $ 525 million x 1.783477826

Sales after 8 year = $ 936.33 million

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Waterway Industries is planning to sell 800 buckets and produce 1080 buckets during March. Each bucket requires 200 grams of pla
Scrat [10]

Answer:

See below

Explanation:

From the above,

One bucket requires;

200 grams of plastic and one half of direct labor

The plastic costs $10 per 200 grams and the employees are paid $15 per hour.

Therefore, one bucket costs (material and labor) :

= $10 + $15 × (1/2)hour = $17.5 per plus 1.10 × $7.50 = $25.75

For 1,080 buckets

$25.75 × 1,080 = $27,810

Therefore, the total amount of budgeted direct material for March is $27,810

5 0
3 years ago
At wallmart what does swas mean
patriot [66]
"<span>Store Within A Store"</span>
3 0
3 years ago
You want to purchase a new car, and you are willing to pay $19,970. If you can invest at 10% per year and you currently have $15
andrezito [222]

Answer:

It will take 3 years to have enough money to purchase the car.

Explanation:

We can use either Compounding or Discounting Formula to determine the time it will take to make $19,970 from $15,000 when the investment rate is 10%. Lets go with the Compounding Formula:

                           Future Value = Present Value * (1 + i) ^ n

<u>Re-arrange equation for "n" which is the Time Period:</u>

⇒ FV / PV = (1 + i) ^ n

Taking log on both sides;

⇒ log (FV / PV) = log (1 + i) ^ n

OR log (FV / PV) = n log (1 + i)

OR n = log (FV / PV) / log (1 + i)

Simply put values now;

⇒ n = log (19,970 / 15,000) / log (1 + 10%) = log (1.33) / log (1.1) = .12 / .04

OR n = 3

3 0
3 years ago
1. Do you believe that auditors should be held liable for failing to discover fraud in situations such as ZZZZ Best, where top m
Gnoma [55]

Answer:

1.No,the Auditors should not be held liable for failing to discover the fraud.

2.The red flags in ZZZZ Best case are Account receivables,Current liabilities and Notes payables.

Explanation:

1. The auditors responsibility is to state if the financial statement prepared shows a true and fair view,and to vet compliance to statutory guidelines.They may detect fraud in the course of their audit,they can recommend but are not responsible to put control measures in place to prevent such. The management are responsible for the preparation of the financial statement and safeguarding of asset, consequently, liable for the content therein.

2. The sales were made on cash basis before the period in question,a major change in policy as such should have been well measured

3 0
3 years ago
What must owners of agricultural land do each year in order for it to qualify for protection under the Green Belt Law
LuckyWell [14K]

In order for the land to qualify for the green belt law, it has to be used primarily for the sake of agriculture or good faith commercial agricultural purposes.

<h3>What is the Green Belt law?</h3>

This is an exemption that is given to land owners in the state of Florida if the land is used for the bona fide purpose of agriculture.

The law has it that the land owner applies for classification if they want the law applicable to them.

Read more on agriculture here: brainly.com/question/17392167

3 0
2 years ago
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