1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bond [772]
3 years ago
7

Sam is planning to start a pool cleaning business. If Sam meets his profit goal of $45,000 the first year and expects his annual

profits to increase by 5.5% each year for the next 3 years, how much profit does Sam expect to make in his third year of business?
Business
1 answer:
r-ruslan [8.4K]3 years ago
5 0

Answer: The answer is $ 49,950

Explanation:

The profit for the first year is $45,000

The increase in profit is 5.5%

Increase in profit

= 5.5/100*45,000

= $2,475

To calculate the profit for the second year

Profit + increase in profit

$45,000 +$2,475

= $47,475

To calculate the profit for the third year

Profit + increase in profit

$ 47,475 + $ 2,475

= $ 49 950

Therefore, The profit for the first year is $ 45,000, The second year profit is $47,475, For the third year the profit is $ 49,950

You might be interested in
The​ _____ organizes data by recording all the values observed in a sample as well as how many times each value was observed.
lisabon 2012 [21]

The​ distribution organizes data by recording all the values observed in a sample as well as how many times each value was observed.

Data distribution is a function that provides all possible values ​​of a variable and also quantifies their relative frequencies (probabilities of how often they occur). Distributions are considered for all populations in which the data are spread out. Another example is a pie chart showing the percentages of different substances that make up the complete object.

We divided the distributions into two categories, depending on the type of organizes data you are using. Discrete distributions for discrete data (finite results) and continuous distributions for continuous data (infinite results).

Learn more about organizes data at

brainly.com/question/7622579

#SPJ4

5 0
2 years ago
John operates a running shoe company and has decided to segment his market into professional track runners, trail runners and re
kkurt [141]

The correct option is (c) benefit segmentation.

Benefits segmentation is a sort of market segmentation that divides consumers into groups according to the advantages and perceived worth of the products and services they can purchase. Additionally, it might entail classifying clients in accordance with functional advantages such features, quality, and customer service.

Benefit segmentation is a technique for market segmentation that entails dividing your customer base into groups according to the benefits customers perceive they will get from your product. This may entail classifying consumers in accordance with their perceived value for things like quality, features, customer service, etc.

Learn more about Benefits segmentation  here

brainly.com/question/16968586

#SPJ4

6 0
2 years ago
Insurance allows you to:
gulaghasi [49]

Answer:

Insurance is a financial product sold by insurance companies to safeguard you and / or your property against the risk of loss, damage or theft (such as flooding, burglary or an accident).

Explanation:

hope it helps

8 0
3 years ago
Community colleges provide training for some careers in public safety.
vivado [14]

Answer: True

Explanation:

Public safety simply means the protection of the public or the safeguarding of people from disasters, crimes, and every other potential threats and dangers.

It should be noted that public safety I the responsibility of every government in the United States, and some community colleges provide training for some careers in public safety.

Therefore, the answer is true.

7 0
3 years ago
Harold works as an operations manager. He uses a project management tool to schedule and manage the steps of the manufacturing p
Lubov Fominskaja [6]

Answer:

B

Explanation:

7 0
3 years ago
Other questions:
  • A company’s unit costs based on 100,000 units are: The normal unit sales price per unit is $165. A special order from a foreign
    13·1 answer
  • It is simplest for plumbers to wait until after construction on a floor is complete to begin work.
    12·1 answer
  • Clean N Green is a two-year-old company that makes wind turbines. The business owner, Janelle, is struggling to compete. Finding
    11·1 answer
  • Anita’s take-home pay is $2200 a month. she spends 14% of her take-home pay on groceries. How much is Anita’s monthly grocery bi
    10·1 answer
  • The value of money has a ___________ relationship to the price level ( 1 / price level).
    13·1 answer
  • Why do people use impression management?
    8·1 answer
  • The balance in Jahapp Inc.’s Cash account was $6,320 at April 30, 2019 before reconciliation. The April 30, 2019 balance shown i
    14·1 answer
  • An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbi
    9·1 answer
  • With the real interest rate equal to 3% and the expected inflation equal to 2​%. The value of the nominal interest rate is ___
    9·1 answer
  • Companies have a corporate social responsibility to serve ______. Multiple select question. suppliers competitors communities cu
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!