Sawyer Corporations 2017 sales were $5 million. Its 2012 sales were $2.5 million. a. At what rate
Question:
Sawyer Corporation’s 2017 sales were $5 million. Its 2012 sales were $2.5 million.
a. At what rate have sales been growing?
b. Suppose someone made this statement: “Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year.” Is the statement correct?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a With a calculator enter N 5 PV 25 PMT 0 FV 5 and then solve for IYR 1487 b The calcu...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Business questions
-
Sawyer Corporations 2015 sales were $5 million. Its 2010 sales were $2.5 million. a. At what rate have sales been growing? b. Suppose someone made this statement: Sales doubled in 5 years. This...
-
Shalit Corporations 2008 sales were $12 million. Its 2003 sales were $6 million. a. At what rate have sales been growing? b. Suppose someone made this statement: Sales doubled in 5 years. This...
-
Shalit Corporation's 2011 sales were $12 million. Its 2006 sales were $6 million. a. At what rate have sales been growing? b. Suppose someone made this statement: "Sales doubled in 5 years. This...
-
Solve Utt = cUTT 0
-
a) Why are business continuity plans more difficult to test than incident response plans? b) Why is frequent plan updating important? c) Why must companies update contact information even more...
-
Calculate the tax payable for a single resident earning $90,000, who does not have private hospital insurance in place. Include Medicare Levy and Surcharge if relevant.
-
Management at Consulting Inc. has decided to allocate costs of the company's two support departments (administration and information technology) to the two revenue-generating consulting departments...
-
China Imports, Inc., sold 18,000 units in May. Per unit selling price and variable expense were $25 and $17, respectively. Fixed expense incurred for May totaled $120,000. Required: Prepare the May...
-
What is PESTEL analysis of Walmart specific for e-commerce player
-
1. Where would you fit the preparation of a website for Taylor Stitch in their marketing plan? Why? 2. What metrics would you recommend to the owners of Taylor Stitch to help them determine if they...
-
Dawn, a single, cash-method taxpayer, paid the following taxes in the current year: Dawn's employer withheld $5,400 for federal income taxes, $2,000 for state income taxes, and $3,800 for RCA from...
-
Answer the following questions: a. Assuming a rate of 10% annually, find the FV of $1,000 after 5 years.b. What is the investment?s FV at rates of 0%, 5%, and 20% after 0, 1, 2, 3, 4, and 5 years?c....
-
I dont understand the purpose of the cost hierarchy, complained Erika Vijh, a seasoned plant manager at a Fortune 500 firm. Erika argues that, ultimately, the units produced in her factory must cover...
-
Please read the whole mentioned question properly https://www.youtube.com/watch?v=xBguBq_HO4o&t=405s The previous Case Analysis"BP and the Deepwater Horizon Explosion: Safety First" you completed...
-
Windsorenters into an agreement with Traveler Inc. to lease a car on December 31, 2019. This is a finance lease. The following information relates to this agreement. 1.The term of the non-cancelable...
-
Look at https://www.udemy.com/. What are their lead generations that get people to sign up for their programs? What are they doing different from other training course companies? What are some great...
-
On June 1, 2017, Niffler Corporation approached Bowtruckle Corporation about buying a parcel of undeveloped land. Bowtruckle was asking $240,000 for the land and Niffler saw that there was some...
-
the arduino code must be in beginner level the single fourth option should increase all the way up and again all the way down menu should appear in both serial monitor and TFT display LCD - Fermion:...
-
What are the various features of police administration described in this chapter? What is a chain of command?
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
The following table gives Foust Company?s earnings per share for the last 10 years. The common stock, 7.8 million shares outstanding, is now (1/1/09) selling for $65.00 per share. The expected...
-
Here is the condensed 2008 balance sheet for Skye Computer Company (in thousands of dollars): 2008 Current assets $ 2,000 Net fixed assets 3,000 Total assets $ 5,000 Current liabilities $ 900...
-
What sources of capital should be included when you estimate Colemans WACC?
-
Please number each question and give a clear answer Describe ecological research design and tell how this research design is different than cross-sectional research design. Discuss two variables of...
-
A 1 2 - year, 5 % coupon bond pays interest annually. The bond has a face value of $ 1 , 0 0 0 . _ _ _ _ % is the percentage change in the price of this bond if the yield to maturity rises to 6 %...
-
Year Cash Flow 0 $7,200 1 5,800 2 4,800 3 5,100 Required : (a) What is the profitability index for the cashflows if the relevant discount rate is 7 percent? (Click to...
Study smarter with the SolutionInn App