Ask a New Question

A company has plans to increase its sales at the rate of 6% per year. If the sales of the company in 2001 were $23 million, how much sales can you expect the company to make in the year 2003?

1 answer

23 * 1.06^2 = $25.84 M

Ask a New Question or answer this question.

Similar Questions

Carpaitha Inc began 2009 with $140,000 in cash. The company plans to have $1,400,000 accrual basis sales revenue during the
1. 0 answers
Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for
1. 0 answers
During the year, Entrop Company made sales on account (credit sales) of $450,000 and cash sales of $275,000 and received
1. 1 answer
A car dealer sold 100 cars in his first year and plans to increase his sales by 10 percent each year for the next 5 years. How
1. 1 answer

more similar questions