Answer:
$393,162
Explanation:
Units sold last year were 3,700
the projection for this year is an increase of 10% in volume.
projected units sales for this year will be
=110% of 3,700
=1.1 x 3,700
=4,070 units
The selling price last year was $75.
projected price this year is an increase by 40%
price for this year will be 140% of $75
=140/100 x $75
=1.4 x $75
=$105
Projected sales in dollar will be sales volume x selling price
= 4070units x $105
=$427,350
Purchase return = 8% of projected sales in dollars
=8/100 x $427,350
=34,188
Net projected sales
= $427,350 - $34,188
=$393,162
One typical relationship between time and interest rate would be simple interest rate. It is the most simplest interest rate however it is not used nowadays since it does not account for all cost along the value of the money. For this relationship, interest rate is directly proportional with time.
<h2>Answer</h2>
Growth is expected to grow much more quickly than average.
<h3>Explanation</h3>
Marketing, Sales and Service Career Cluster will find their importance growing heavily in the near future. These fields are part of tertiary industry and the industry is witnessing highest percentage of growth compared to other two industries. This is also because, businesses in this globally advancing world need these fields in order to sustain and grow.
In economics, there is a formula to predict the growth of money value with time. When dealing with simple interest, the formula is
F = P(1+in), where F is the future worth, P is the present worth, i is the annual interest rate, and n is the amount of time, commonly in terms of years. Substituting to the formula,
F = $23,000(1+0.08*15)
F = $50,600
Answer:
Yes you can of course you can