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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

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On January 1, 2021, the Allegheny Corporation purchased equipment for $150,000. The estimated service life of the equipment is 1
Karolina [17]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $150,000

Useful life= 10 years

Salvage value= $18,000

<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

2021:

Annual depreciation= 2*[(150,000 - 18,000) / 10]

Annual depreciation= $26,400

2022:

Annual depreciation= 2*[(132,000 - 26,400) / 10*

Annual depreciation= $21,120

5 0
3 years ago
Please help me!! due tmrw!!!
Readme [11.4K]

Answer:

High supply, Low demand

Explanation:

If there is a lot of one product that no one wants, they lower the prices to get rid of it

5 0
3 years ago
Read 2 more answers
In the Tito's Vodka case study, trends in cocktails were studied to create a quarterly recipe for customers. Group of answer cho
Sonbull [250]

In the Tito's Vodka case study, trends in cocktails were studied to create a quarterly recipe for customers. The statement is true.

<h3>What are cocktails?</h3>
  • The Oxford Dictionaries define cocktail as "An alcoholic drink consisting of a spirit or spirits mixed with other ingredients, such as fruit juice or cream".
  • A cocktail can contain alcohol, a sugar, and a bitter/citrus. When a mixed drink contains only a distilled spirit and a mixer, such as soda or fruit juice, it is a highball.
  • Many of the International Bartenders Association Official Cocktails are highballs. When a mixed drink contains only a distilled spirit and a liqueur, it is a duo, and when it adds a mixer, it is a trio. Additional ingredients may be sugar, honey, milk, cream, and various herbs.

To learn more about cocktails with the given link

brainly.com/question/1320828

#SPJ4

3 0
2 years ago
If an organization does not develop programs in-house, then the development group of the information system (IS) department will
Nitella [24]

Answer:

C) Business and systems analysts

Explanation:

Business and systems analysts primarily work with users, operations, and vendors to acquire and install licensed software and to set up the system components around that software.

They can be found in the information system (IS) department of an organization.

4 0
4 years ago
Read 2 more answers
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 ballo
ratelena [41]
<h3>Answer</h3>

The market share of Levon is 28%

<h3>Explanation</h3>

Total revenue of Levon is calculated:

$8 * 350 balloons = $2,800 per month

Total Revenue of the market:

$5 * 2000 balloons = $10,000 per month

Dividing Total Revenue of Levon with Total Revenue of the market

$2,800 / $ 10,000 = 0.28

Convert into percentage by multiplying with 100

0.28 * 100 = 28%

<h3>Conclusion</h3>

The market share of Levon is 28%

Learn more about Business at brainly.com/question/26556204

4 0
2 years ago
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