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
djyliett [7]
3 years ago
7

Korey's comic book store has been up and running for 4 years. Korey feels that his store has been successful and is considering

moving to a larger property to allow for greater inventory and customer opportunities in his business . He would like investors to cover the cost of his expansion. The profits of Korey's comic book store for its first four years are outlined below.According to this information, what would be the best estimate for korey to quote as expected profits in the next year in his new business plan
Business
2 answers:
saveliy_v [14]3 years ago
4 0
Had to look for the rest of the details and here is my answer.

Based on the given table of data attached to this question, the best estimate for Korey to quote as expected profits in the next year for his business plan next year would be <span>$19,386.97. Here is the given information of his net year profits.
</span>Year
Net Profits
1: $14,250.00
2 : $15,390.00
3 : $16,621.20
4 : $17,950.90
<span>5 : ?
</span>
Hope this answer helps.
barxatty [35]3 years ago
4 0

Answer:

The answer is D: $19,386.97

Explanation:

You might be interested in
The economy is growing far too quickly, as high aggregate demand is causing inflation. a. What fiscal policy should be pursued i
REY [17]

Answer:

A. Contractionary fiscal policy

B. Left

Explanation:

When the economy is growing too fast and the inflation is high, Contractionary fiscal policy should be pursued. Contractionary fiscal policy entails either government increasing tax or reducing its spending or both.

When taxed are increased, the household disposable income will be reduced, households will have lesser money to spend and also the business profit will be reduced and this will lead to reduced investments. This policy will relax the aggregate demand and ultimately the interest rate.

Since the aggregate demand will reduce after pursuing this policy, aggregate demand will shift to the left

5 0
4 years ago
Ideally, any group you join for business promotion should have at least how many members?
Sunny_sXe [5.5K]

Answer:

........500 members.........

Explanation:

.

4 0
4 years ago
Jia's Fashions recently paid a​ $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next​ y
Softa [21]

Answer:

Jia's fashions recently paid a $2 annual dividend

Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually thereafter.

Explanation:

4 0
3 years ago
A company purchased a weaving machine for $332,970. The machine has a useful life of 8 years and a residual value of $18,500. It
Vera_Pavlovna [14]

Answer:

$48,175

Explanation:

Given:

Cost of the weaving machine = $332,970

Useful life = 8 year or 767,000 bolts production

Residual value = $18,500

Number of bolts produced in the first year = 113,500

Number of bolts produced in the second year = 117,500

Now,

Using the units-of-production method of depreciation

Rate of depreciation = \frac{\textup{Cost - Residual value}}{\textup{Number of bolts produced during the useful life}}

= \frac{\textup{332,970-18,500}}{\textup{767,000}}

= 0.41

Therefore,

Depreciation for the second year

= Rate of depreciation × Number of bolts produced in the second year

= 0.41 × 117,500

= $48,175

6 0
4 years ago
Select the correct answer.
levacccp [35]

the correct answer is c hope this helps

3 0
3 years ago
Read 2 more answers
Other questions:
  • EarlKeen Co. sold $260,000 of equipment during January under a one-year warranty. The cost to repair defects under the warranty
    15·1 answer
  • Selected information from the accounting records of Ellison Manufacturing Company follows:
    15·1 answer
  • A firm will make a profit when A. P​ = MC. B. P​ = ATC. C. P​ &gt; AVC. D. P​ &gt; ATC.
    6·1 answer
  • You buy 50 stocks of Company A, 30 of Company B, and 20 of Company C. The annual returns of these companies are 8%, 12%, and 10%
    6·1 answer
  • A company purchased a tract of land for its natural resources at a cost of $1,000,000.
    6·1 answer
  • Why should someone invest their money? To satisfy the government To make additional money To get health care To pay no taxes
    8·2 answers
  • Riley has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. His
    9·1 answer
  • Assume, for Canada, that the domestic price of wheat without international trade is lower than the world price of wheat. This su
    15·1 answer
  • Sansa sold some equipment during the year. She received $10,000 in cash and a $1,000 note receivable from the buyer. The buyer a
    6·1 answer
  • Do consumers benefit in any way from monopolistic competition relative to perfect competition?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!