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GROWTH RATES - Sawyer Corporations 2015 sales were $5 million. Its 2010 sales were $2.5 million. a) At what rate have sales been growing? b)Supposesomeonemadethisstatement:Salesdoubledin5years.Thisrepresentsagrowthof100%in5years;sodividing100%by5,wefindthegrowthratetobe20%peryear.Isthestatementcorrect?
GROWTH RATES - Sawyer Corporations 2015 sales were $5 million. Its 2010 sales were $2.5 million.
- a) At what rate have sales been growing?
- b)Supposesomeonemadethisstatement:Salesdoubledin5years.Thisrepresentsagrowthof100%in5years;sodividing100%by5,wefindthegrowthratetobe20%peryear.Isthestatementcorrect?
- Please provide a detailed responsethat demonstrates how the answers were arrived at. Thank you.
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
