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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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3 years ago
If the mortgage loan is 80% of the appraised value of a house, and the interest rate of 8% amounts to $460 interest for the firs
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<h3>What is appraised value?</h3>

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Calculation of appraised value of the house:

  1. First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12).
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Hence, the total appraisal value is $86,250.

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1 year ago
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Answer:

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