Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that the ABC company has sales of 6450000 dollars and it's sales are growing at a rate of 50000 dollars per year. Assume that

Assume that the ABC company has sales of 6450000 dollars and it's sales are growing at a rate of 50000 dollars per year. Assume that the XYZ company has sales of 5790000 dollars and it's sales are growing at a rate of 110000 dollars per year.

In how many years will the sales of the two companies be equal?

What will be the sales of each company when they are equal? $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image_2

Step: 3

blur-text-image_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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions