Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 01, 2019

A company's sales today are $50 million. If sales grow at 7% annually, what will they be (in millions of dollars) 20 years later? a.

A company's sales today are $50 million. If sales grow at 7% annually, what will they be (in millions of dollars) 20 years later?

a. $179.33

b. $174.85

c. $193.48

d. $188.64

e. $183.93

Step by Step Solution

★★★★★

3.33 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

c 19348 Explanation Fut... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

11th Edition

321500245, 321500243, 978-0321500243

More Books

Students also viewed these Accounting questions

Question

★★★★★

Question 1 Identify and briefly discuss potential sources of error that might be associated with the following situations. (a) A company's sales teams are asked what percentage of the time they spend...

Answered: 1 week ago

Question

★★★★★

Annual sales, in millions of dollars for 21 pharmaceutical companies follow. a. Provide a five-number summary. b. Compute the lower and upper limits. c. Do the data contain any outliers? d. Johnson &...

Answered: 1 week ago

Question

★★★★★

The plot shows total payroll in millions of dollars for the 30 major league teams of professional baseball sorted by league (National or American) and division (East, Central, West). a. Identify the...

Answered: 1 week ago

Question

★★★★★

ABC Company produces and sells I product. Once the products are produced, they are sold, and there is no work-in- process, no any inventory in stock. Company uses standard costing method in its...

Answered: 1 week ago

Question

★★★★★

Following are financial statements for Moore Company and Kirby Company for 2013: ¢ Moore purchased 90 percent of Kirby on January 1, 2012, for $657,000 in cash. On that date, the 10 percent...

Answered: 1 week ago

Question

★★★★★

Let a = 1 ,, p and b = b 1 ,,b p , where a j b j , be the crdinates of two points in R p and denote by (a,b) the Cartesian product in R p of the intervals (a j ,bj). Let f(x) = f(x l ,. xp) be a...

Answered: 1 week ago

Question

★★★★★

How did Brentano distinguish between inner perception and inner observation?

Answered: 1 week ago

Question

★★★★★

How much you smile in your younger days can predict your later success in marriage (msnbc.com, April 16, 2009). The analysis is based on the success rate in marriage of people over age 65 and their...

Answered: 1 week ago

Question

★★★★★

Please help urgent! thankyou in advance More info a. Prior to making the adjusting entry on December 31 , the balance in Prepaid insurance is $6,000. Canyon Riders, Inc., pays liability insurance...

Answered: 1 week ago

Question

★★★★★

a. Open Sales/Customer. What is Travis Waldron's total balance? Who has the largest overdue balance? b. Open Expenses/Vendor. What is amount of the unpaid utility bill to PG&E? Is it overdue? c....

Answered: 1 week ago

Question

★★★★★

Teal Corporation purchased trading investment bonds for $52,000 at par. At December 31, Teal received annual interest of $2,080, and the fair value of the bonds was $49,300. Prepare Teal' journal...

Answered: 1 week ago

Question

★★★★★

You are on the staff of an external audit firm that audits a small to medium-size financial institution. One day you receive a copy of a letter from the president of the financial institution to the...

Answered: 1 week ago

Question

★★★★★

As discussed in the chapter, many audit organizations now follow the "cycles" approach when evaluating an internal control system. This approach involves classifying transactions by cycles,...

Answered: 1 week ago

Question

★★★★★

Jerry Schneider One of the more famous cases of computer abuse involves a young man named Jerry Schneider. Schneider had a flair for electronics. By the time he left high school, he had already...

Answered: 1 week ago

Question

★★★★★

In some damping systems, a circular disk immersed in oil is used as a damper, as shown in Fig. P2-125. Show that the damping torque is proportional to angular speed in accordance with the relation...

Answered: 1 week ago

Question

★★★★★

Which circuit in Figure P32.25 produces the greatest current in the emitter? Data from Figure P32.25 A B n-type p-type n-type n-type p-type n-type C n-type p-type n-type HHHHH

Answered: 1 week ago

Question

★★★★★

How would you instead of hard coding the postfix expression(char postfix[] = "12+56*9*-";) in instead take input from a user? #include #include using namespace std; //Expression tree node struct...

Answered: 1 week ago

Question

★★★★★

Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...

Answered: 1 week ago

Question

★★★★★

X and Y are equal partners in a business partnership. The income and expenses of the partnership are as follows: Income $ Sales 530,000 Interest 7,200 Expenses Operating costs deductible under s.8-1...

Answered: 1 week ago

Question

★★★★★

Tests of older baseballs showed that when dropped 24 ft onto a concrete surface, they bounced an average of 235.8 cm. In a test of 40 new baseballs, the bounce heights had a mean of 235.4 cm. Assume...

Answered: 1 week ago

Question

★★★★★

Ten peas are generated from parents having the green yellow pair of genes, so there is a 0.75 probability that an individual pea will have a green pod. Find the probability that among the 10...

Answered: 1 week ago

Question

★★★★★

Listed below are randomly selected values from STATDISK and the TI-83 84 Plus calculator. Both samples are obtained by selecting a uniform distribution of whole numbers between 1 and 1000 inclusive....

Answered: 1 week ago

Question

★★★★★

The manager of a market research company conducted an experiment to investigate the productivity of three employees on each of two computerized data-entry systems. The employees conducted phone...

Answered: 1 week ago

Question

★★★★★

A study was conducted by a television network in a certain state to evaluate the viewing characteristics of adult females. Each individual in a stratified random sample of 480 women was sent a...

Answered: 1 week ago

Question

★★★★★

A manufacturer conducted a pricing experiment to explore the effects of price decreases on sales of one of its breakfast cereals. The two largest supermarket chains in a particular area participated...

Answered: 1 week ago

Previous Question Next Question