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Elan Coil [88]
3 years ago
15

In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each y

ear for the foreseeable future, what will 2021forecasted sales be?
A.$1,403.8 million
B.$1,248.0 million
C.$1,349.8 million
D.$1,179.7 million
E.None of the above
Business
2 answers:
sweet-ann [11.9K]3 years ago
8 0

Answer:

A.$1,403.8 million

Explanation:

The computation of the 2021 forecasts sales would be

Sales for 2017 = $1,200 million

Sales for 2018 would be

= $1,200 + $1,200 × 4%

= $1,200 + 48

= $1,248 million

Sales for 2019 would be

= $1,248 + $1,248 × 4%

= $1,248 + 49.92

= 1,297.92 million

Sales for 2020 would be

= $1,297.92 + $1,297.92 × 4%

= $1,297.92 + $51.9168

= $1,349.8368 million

Sales for 2021 would be

= $1,349.8368 + $1,349.8368 × 4%

= $1,349.8368 + 53.99344

= 1,403.83 million

PilotLPTM [1.2K]3 years ago
4 0

Answer:

B.$1,248.0 million

Explanation:

$12,480,000

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Answer:

First of all, an auditor must be skeptical about the information that he/she is gathering and analyzing. They should try to get as much audit evidence as they can in order to form an opinion. But an auditor can also reasonably assure that there are no material misstatements, either intentional or not intentional.

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2 years ago
Complete the following table by selecting the term that matches each definition.
NeTakaya

Answer:

See as below

Explanation:

1. A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices.

Supply curve: <em>The supply curve is upward sloping. It originates from the bottom left corners and rises as prices increase.</em>

<em> </em>

2. The claim that other things being equal, the quantity supplied of good increases when the price of that good rises.

Law of supply:<em> The law of supply asserts that there is a positive or direct relationship between price and quantity supplied. Firms are willing to supply more at higher prices to make more profits.</em>

3. The amount of a good that sellers are willing and able to supply at a given price.

Quantity supplied:<em> </em><em>Quantity supplied denotes a numerical value that firms are willing to sell at the given price. A high selling is a motivation for producers to supply more. </em>

4. A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices. supply schedule

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China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the con
marishachu [46]

In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.

<h3>What is  Local content law?</h3>

Local content law can be described as the law that measure the local content requirements and they are policies imposed by governments that make the  firms to use domestically-manufactured goods.

Hence , in the In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.

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Answer:

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