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KIM [24]
2 years ago
8

Payton Inc. r reports in its 2017 annual report 10-K, sales of $8,180 million and cost of goods sold of $3,272 million. For next

year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for 2018 will be:___________
A. $3,304 million
B. $3,813 million
C. $3,454 million
D. $3,370 million
E. There is not enough information to determine the amount.
Business
1 answer:
jek_recluse [69]2 years ago
5 0

Answer:

C. $3,454 million

Explanation:

Calculation to determine what the Projected cost of goods sold for 2018 will be:

2018 Projected cost of goods sold = [(8,180*1.03)*(3,272/8,180)+1%)]

2018 Projected cost of goods sold = (8,425 * (0.40+1%)

2018 Projected cost of goods sold= 3,454 million

Therefore Projected cost of goods sold for 2018 will be: $3,454 million

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The one thing that unites all economists is looking at problems from: a. everybody's perspective. b. a detailed risk analysis. c
qwelly [4]

Answer: Detailed risk analysis

Explanation: All economist tend to access life and challenges by taking a critical look at the risks involved and possible ways of solving the challenges.

An example could be seen when setting up a business, the typical economist would analyse the risk associated with the business and possibility of the business failing or succeeding.

5 0
3 years ago
Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation t
liberstina [14]

Answer:

Total cost of receiving 8000 parts: 2878700

Detailed solution is given in tabular form below:

5 0
3 years ago
Gracie showed up at a new hair salon with her special color treatment coupon. A hairdresser named Bunny applied the color to Gra
Eduardwww [97]
False imprisonment seems like the most likely answer in this scenario if she had to sue for one of the three. She definitely can't sue for assault or battery because no threats were made nor was physical harm dealt.
4 0
3 years ago
At an inflation rate of 7 percent, the purchasing power of $3 would be cut in half in 10.25 years. how long to the nearest year
lyudmila [28]
The applicable formula is;
A = P(1-r)^n

Where;
A = Final purchasing power
P = Current purchasing power
r = inflation
n = Number of years when P changes to A

Confirming the first claim:
A = 1/2P (to be confirmed)
P = $3
r = 7% = 0.07
n = 10.25 years

Using the formula;
A = 3(1-0.07)^10.25 = 3(0.475) ≈ 3(0.5) = $1.5
And therefore, A = 1/2P after 10.25 years.

Now, give;
P = $9
A = 1/4P = $9/4 = $2.25
r = 6.5% = 0.065
n = ? (nearest year).

Substituting;
2.25 = 9(1-0.065)^n
2.25/9 = (1-0.065)^n
0.25 = (1-0.065)^n
ln (0.25)= n ln(1-0.065)
-1.3863 = -0.0672n
n = (-1.3863)/(-0.0672) = 20.63 years

To nearest year;
n = 21 years

Therefore, it would take approximately 21 years fro purchasing power to reduce by 4. That is, from $9 to $2.25.
7 0
3 years ago
You invest $100 in a risky asset with an expected rate of return of 0.21 and a standard deviation of 0.21 and a T-bill with a ra
WARRIOR [948]

Answer:

-0.4242

Explanation:

Ra = 0.21 or 21%

Rf = 0.045 or 4.5%

Rp = 0.28 or 28%

Expected return on a portfolio is weighted average return of its assets :

Rp = Rf*(1-w) + Ra*w

28 = 4.5*(1-w) + 21*w

28 = 4.5 - 4.5w + 21w

28 - 4.5 = 21w - 4.5w

21w - 4.5w = 28 - 4.5

16.5w = 23.5

w = 23.5/16.5

w = 1.4242

Hence, weight of risky asset = 1.4242

So, Weight of risk free asset = 1 - 1.4242

Weight of risk free asset = -0.4242

5 0
3 years ago
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