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Scorpion4ik [409]
3 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]3 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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Answer:

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7 0
3 years ago
Excom sells radios and each unit carries a two-year replacement warranty. The cost of repair defects under the warranty is estim
Vladimir [108]

Answer:

$150

Explanation:

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4 0
3 years ago
At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of
mr_godi [17]

Considering the subsequent description given in the question, At the Bourg Company, a primary <u>sales goal</u> is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from <u>sales</u>.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a <u>sales goal.</u>

<u>Sales goal</u> is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "<u>sales goals."</u>

Learn more here: brainly.com/question/23162020

6 0
2 years ago
Kellogg's sells many different breakfast cereals, including Corn Flakes, Rice Krispies, Frosted Flakes, Raisin Bran, and Special
11Alexandr11 [23.1K]

Answer:

The answer is false

Explanation:

Breadth, refers to the number of product lines  offered by a firm

6 0
3 years ago
I'm new here. What do I do? I dont even know anyone
riadik2000 [5.3K]

Answer:

 if you have question on anything you can search it, if you found nothing simply post the question and someone may help you anytime.

Explanation:

4 0
2 years ago
Read 2 more answers
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