A companys sales in 2021 were $100 million. If sales grow at 8%, what will they be
Question:
A company’s sales in 2021 were $100 million. If sales grow at 8%, what will they be 10 years later, in 2031?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To calculate the sales in 2031 ...View the full answer
Answered By
Charles Okinda
students should give all the instructions concerning the challenge that they face. they will get an immediate response because I am always online.
4.90+
754+ Reviews
1483+ Question Solved
Related Book For
Fundamentals Of Financial Management
ISBN: 9780357517574
16th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
Look again at the financial forecasts for Growth-Tech given in Table 4.3. This time assume you know that the opportunity cost of capital is r = .12 (discard the .099 figure calculated in the text)....
-
Journalize the five transactions for Mirmax Tool Rentals described below. Aug. 1 Mirmax purchases two new saws on credit at $375 each. The saws are added to Mirmax's rental inventory. Payment is due...
-
During 2012, the accountant discovered that the physical inventory at the end of 2011 had been understated by $18,000. Instead of correcting the error, however, the accountant assumed that an $18,000...
-
Compare the standard deviations of the errors, and the mean absolute errors, for the Global Model versus the combined results (weighted averages) from the Red Wines Model and the White Wines Model.
-
Mukul is a teacher at Rockland School and he runs a tennis shop called Racket's Rackets. He and his wife Nikki have combined bank interest of $1,011. Nikki made $850 in tips last year. If they get a...
-
Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Jan. 1 Paid $20,515 cash plus $1,635 in sales tax for a new delivery truck estimated to have a...
-
How much would $1 growing at 5% per year be worth after 100 years? What would the FV be if the growth rate were 10%?
-
Suppose you currently have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest compounded annually. How much will you have when the CD matures? How would your...
-
For the cylindrical vessel with ellipsoidal heads shown in Figure P9-22a under loading p = 500 psi, determine if the vessel is safe against yielding. Use the same material and factor of safety as in...
-
REQUIRED: Cost of production report under the following assumptions: Lost units - normal, discovered at the beginning Lost units - normal, discovered at the end Lost units - abnormal, discovered when...
-
ABC, Inc., manufactures only two products: Gadget A and Gadget B. The firm uses a single, plant wide overhead rate based on direct-labor hours. Production and product-costing data are as follows:...
-
.Jean Saburit has gone over the financial statements for Saburit Parts, Inc. The income statement has been prepared on an absorption costing basis and Saburit would like to have the statement revised...
-
When a constant force is applied to an object, the acceleration of the object varies inversely with its mass. When a certain constant force acts upon an object with mass 2 kg, the acceleration of the...
-
Use the following for all 3 circuits. V1 = 9.0 V, V = 12.0 V R = 2.0 ohms, R = 4.0 ohms, R3 = 6.0 ohms, R4 = 8.0 ohms C1 = 3.0 C = 3.0 (a) Find I in circuit A (b) Find I1 in circuit B R w R3 V R R4...
-
After the class has been divided into at least two teams, take turns acting out, without speaking, roles presented by the teacher.
-
Suppose the S&P 500 futures price is 1000, = 30%, r = 5%, = 5%, T = 1, and n = 3. a. What are the prices of European calls and puts for K = $1000? Why do you find the prices to be equal? b. What...
-
Suppose you believe that the economy is just entering a recession. Your firm must raise capital immediately, and debt will be used. Should you borrow on a long-term or a short-term basis? Why?
-
Suppose the population of Area Y is relatively young and the population of Area O is relatively old but everything else about the two areas is the same. a. Would interest rates likely be the same or...
-
Suppose a new process was developed that could be used to make oil out of seawater. The equipment required is quite expensive; but it would, in time, lead to low prices for gasoline, electricity, and...
-
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...
-
1. Determine the value of the right to use asset and lease liability at commencement of the lease.
-
Problem 22-1 The management of Sunland Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Sunland changed...
Study smarter with the SolutionInn App