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
Irina-Kira [14]
3 years ago
5

A new CEO promises to increase company sales by 7% per year from its current level of $5,435,678 to a target level of $8 million

. How long would it take for the new CEO to reach this goal?
Business
1 answer:
Sedaia [141]3 years ago
7 0

Answer:

It will take 5 years and 259 days.

Explanation:

Giving the following information:

A new CEO promises to increase company sales by 7% per year from its current level of $5,435,678 to a target level of $8 million.

We need to use the following variation of the final value formula:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

PV= 5,435,678

FV= 8,000,000

i= 0.07

n= ln(8,000,000/5,435,678) / ln(1.07)

n= 5.71

<u>To be more accurate:</u>

0.71*365= 259

It will take 5 years and 259 days.

You might be interested in
Bluestone? Metals, Inc., is a metal fabrication firm that manufactures prefabricated metal parts for customers in a variety of i
Ilya [14]

Answer:

yes

Explanation:

I do not know just need points help

4 0
3 years ago
Ortein, a shoe manufacturing company, wanted to cut costs and hence laid off half its employees from two of its departments. It
jonny [76]

Answer:

b) synergy

Explanation:

Synergy -

It describes the benefit gain by strategically organizing itself to maximize  innovation and cooperation .

These organization with synergic approach achieves more as a group than with individual .

hence , in the question , the approach shown by the Ortein company is an example of b) synergy .

4 0
3 years ago
is a guiding philosophy and management approach that emphasizes efficiency through elimination of waste in company operations.
icang [17]

<u>Lean production</u> is a guiding philosophy and management approach that emphasizes efficiency through the elimination of waste in company operations.

Management is the management of an agency, whether or not it's miles a business, a non-earnings business enterprise, or a government frame. it is the art and science of handling resources of the enterprise.

The principle objective of management is to relax maximum outputs with minimum efforts & sources. control is basically concerned with wondering & utilizing human, material & financial resources in this sort of manner that might result in a first-class combination.

To the maximum fundamental degree, management is an area that includes a fixed of 5 general functions: making plans, organizing, staffing, leading, and controlling. those 5 capabilities are a part of a frame of practices and theories on a way to be a hit manager.

Learn more about  management here brainly.com/question/1276995

#SPJ4

4 0
1 year ago
Keynesian economics argues for the use of _____ policy to stabilize the economy.
slavikrds [6]

Answer:

Keynesian economics argues for the use of active government policy to stabilize the economy.

Explanation:

In order to alleviate or avert economic recessions, Keynesian economics places a strong emphasis on the employment of proactive government policy to control aggregate demand. Keynes contended that lengthy periods of high unemployment might result from a lack of general demand. Consumption, investment, government purchases, and net exports are the aggregate of four factors that determine an economy's amount of goods and services.

8 0
1 year ago
On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:
KiRa [710]

Answer:

Cash + Supplies = Accounts Payable + common stock - dividends + sales commission - Rent expense.

$20,000 + 2,520 = $2,520 - $1,590 + 25,700 - $5,040 - $8,000 - $2,420 - $1,160 - $3,030 - $850

Explanation:

The effect of transaction is listed above. The effect will be on the balance sheet. These transaction have impacts on various accounts assets side is impacted and liability side is impacted. Equity is affected when there is payment of dividends and stock capital issuance.

4 0
3 years ago
Other questions:
  • Which of the following sentences is most appropriate for written communication at work or with a customer?
    9·1 answer
  • The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo
    13·1 answer
  • Benjamin Addai determined the following tax information: gross salary, $87,000; interest earned, $80; deductible IRA contributio
    12·1 answer
  • Mansour: We should both plan to change some of our investments from coal companies to less polluting energy companies. And here’
    13·1 answer
  • Choose all that apply. Reliable financial information includes _____.
    9·1 answer
  • The Discount on Bonds Payable account is: A. A liability. B. A contra liability. C. A contra expense. D. An expense. E. A contra
    12·1 answer
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900
    8·1 answer
  • Melissa's tugboat accidentally collides with Tyler's yacht, and Tyler sues Melissa for negligence. A federal jury finds Melissa
    9·1 answer
  • The increased risk of foreign investments is most often incorporated in capital budgeting models​ by: ​(Select the best choice​
    7·1 answer
  • Normally dividend or /and capital gain is reason of investment. Why do you think stockholders of a firm that is performing very
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!