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Scorpion4ik [409]
2 years ago
7

Transent Foods announced that its current sales are $1,233,450 this year. The company forecasts a growth rate of 16 percent for

the foreseeable future. How long will it take the firm to produce earnings of $3 million? (Round off to the nearest year.)
Business
1 answer:
hodyreva [135]2 years ago
4 0

Answer:

Approximately 6 years

Explanation:

Use Future value formula to calculate the period:

FV = Target Earning = $3 million

PV = Current Sales = $1,233,450

g = growth of sales = 16%

n = number of years = ?

FV = PV ( 1 + g )^n

$3,000,000 = $1,233,450 x ( 1 + 16% )^n

$3,000,000 / $1,233,450 = ( 1 + 0.16 )^n

2.4322 = 1.06^n

log 2.4322 = log 1.16^n

n = log 2.4322 / log 1.16

n = 5.99

n = 6 years  (Rounded off to nearest whole year)

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Blizzard [7]

Answer:

inflation rate= 5.8%

Explanation:

Giving the following information:

An investment offers a total return of 12.8 percent over the coming year. Janice thinks the total real return on this investment will be only 7 percent.

<u>The real return on investment includes the effect on inflation. </u>

Real rate of return= total return - inflation rate

0.07=0.128 -  inflation rate

inflation rate= 0.058= 5.8%

7 0
2 years ago
Which of the following perspectives of quality judges a product on the basis of how well the product performs its intended funct
Elis [28]

Answer:

The correct option is A

Explanation:

The user perspective is the one which states the quality that can judged a product on the grounds of how well the product is performing the intended function. User perspective is the perspective of the users who formally uses the product and then rate the product and judges the quality or its intended function of the product.

6 0
3 years ago
Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus
Evgen [1.6K]

Answer:

0.5

Explanation:

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Marginal propensity to consume = change in consumption/ increase in disposable income

$500 / $1000 = 0.5

I hope my answer helps you

8 0
3 years ago
Sheldon has the following year-end account balances: Accounts Receivable, $5,000; Supplies, $12,000; Equipment, $18,000; Account
Reptile [31]

Answer:

the balance in the Cash account should be C : $25,000.

Explanation:

Assets=(Liabilities+Owner’s Equity)

Assets= Cash+account receivable+Suplies+Equipment

Cash                       25.000

Acoount Receivable    5.000

Supllies                      12.000

Equipment              18.000

Assets                     60.000

 

Account Payable        17.000

Liabilities              17.000

 

Stakholder equity       43.000

Equity                       43.000

Liabilities+ Equity       60.000

4 0
3 years ago
Affiliate marketing is _____.
statuscvo [17]

Answer:

the practice of advertising the products and services of several companies on Web pages, blogs, and streaming music services, among other outlets and paying compensation for either the referral or the sale

7 0
3 years ago
Read 2 more answers
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