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Mice21 [21]
3 years ago
13

Find the next year's net income for XYZ Inc. Next year, the sales grow by 25%. The current sales $300 million, and the current p

rofit margin is 10% and you expect it to remain constant.
Business
1 answer:
Oksanka [162]3 years ago
4 0

Answer: $37.5 million

Explanation:

The next year's net income for XYZ will be calculated as follows:

Current sales = $300 million

Current Profit margin = 10%

Sales Growth rate = 25%

The next year's sales will be:

= Current Year's Sales × (1 + Sales Growth rate)

= $300 million × (1 + 0.25)

= $300 million × 1.25

= $375 million

Next Year's Net Income will then be:

= $375 million × 10%

= $37.5 million

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Roy Gross is considering an investment that pays 7.60 percent. How much will he have to invest today so that the investment will
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Year 6: 27,000

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Year 4: 24,948 - (24,948 x 7.6 / 100) = 24,948 - 1,896.05 = $23,051.95

Year 3: 23,051.95 - (23,051.95 x 7.6 / 100) = 23,051.95 - 1,751.95 = $21,300

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