Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 0.5 points 0.5 points Save Answer The following information relates to Questions 1 and 2 Sales in a company are $243 million in

image text in transcribed

QUESTION 1 0.5 points 0.5 points Save Answer The following information relates to Questions 1 and 2 Sales in a company are $243 million in 2018 and increase to $250 million in 2019. Compute the percentage increase in sales, using the usual percentage fomula: 100 x (Sales 2019- Sales 2018) Sales 2018 (Report your answer as a percentage to two decimal places, without a % The percentage increase using the usual percentage formula is: sign) Compare this value to the following logarithmic approximation: 100 x (In (Sales 2019) - In(Sales 2018)) The percentage increase using the logarithmic approximation formula is: without a % sign) (Report your answer as a percentage to two decimal places, QUESTION 2 0.5 points Save Answer Continue to use the information from Question 1. Repeat the calculations in Question 1, assuming that Sales2019 = $255 million, Sales2019 = $260 million, and Sales2019 = S265 million, respectively. (Report all answers as a percentage to two decimal places, without a % sign) Using the "usual percentage formula' The percentage increase when Sales 2019 = $255 million is The percentage increase when Sales 2019 = $260 million is The percentage increase when Sales 2019 = $265 million is Using the "logarithmic approximation formula": The percentage increase when Sales 2019 = $255 million is The percentage increase when Sulus 2019 = $260 million is The percentage increase when Sales 2019 = $265 million is

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

Step: 3

blur-text-image

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

Dynamics Of International Finance

Authors: Ruchi Mehrotra Joshi

1st Edition

1685078389, 978-1685078386

More Books

Students also viewed these Finance questions

Question

c. What groups were least represented? Why do you think this is so?

Answered: 1 week ago

Question

7. Describe phases of multicultural identity development.

Answered: 1 week ago