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A company’s 2005 sales were $100 million. If sales grow at 8% per year, how large will they be 10 years later, in 2015, in millions?
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- A company’s sales in 2018 were $100 million. If sales grow at 8%, what will they be10 years later, in 2028? ($215.89 million)Sawyer Corporation's 2018 sales were $5 million. Its 2013 sales were $2.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. % b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct? -Select-Last year Mike Corporation's sales were $134 million. If sales grow at 8% per year, how large (in millions) will they be 4 years later?
- Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 years later?Apple’s 2019 sales were $200 million. If sales grow at 8.5% per year, what will be the sales10 years later, in 2029, in millions?A company’s sales were $250 million in 2019. If sales grow at 6% per year, how large will they be 10 years later, in 2029 (as expressed in millions)?
- Sawyer Corporation's 2018 sales were $5 million. Its 2013 sales were $2.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. 14.87 % b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct? The statement is incorrect because there are 6 years of sales growth between 2013 and 2018.Time to grow: Zephyr Sales Company has currently reported sales of $1.125 million. If the company expects its sales to grow 6.5 percent annually, how long will it be before the company can double its sales? Use a financial calculator to solve this problem.Samsung's 2018 earnings per smart phone were $100, and its growth rate during the prior 10 years was 15% per year. If that growth rate were increased by 20% of the old interest rate, how long (in years) would it take for Samsung's earnings per smart phone to quadruple?
- Sawyer Corporation’s 2017 sales were $5 million. Its 2012 sales were$2.5 million.a. At what rate have sales been growing?b. Suppose someone made this statement: “Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year.” Is the statement correct?Suppose Naboo Manufacturing's sales increase 20% over the next year. Assuming that all asset accounts change proportionately to sales, what is the external financing needed?Millat Corporation’s 2016 sales were 12 million. Its 2015 sales were 6 million.a. At what rate have sales been growing?b. Suppose someone made this statement: “Sales doubled in 5 years. This representsgrowth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be20% per year.” Is that statement correct?