9. *Faith Company expects to have 5% increase in sales every year. In 2019, the projected sales of the company were ₱2.35 million. What is the company's projected sales in 2021? ₱235,000.00 ₱2,590,875.00 ₱2,467,500.00 ₱2,585,000.00
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9.
*Faith Company expects to have 5% increase in sales every year. In 2019, the projected sales of the company were ₱2.35 million. What is the company's projected sales in 2021?
-
₱235,000.00
-
₱2,590,875.00
-
₱2,467,500.00
-
₱2,585,000.00
Step by step
Solved in 3 steps
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- For the year ending December 31, 2017, sales for Corporation Y were $67.81 billion. Beginning January 1, 2018 Corporation Y plans to invest 9.5% of their sales amount each year and they expect their sales to increase by 7% each year over the next three years. Corporation Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020?Round your answer to three decimal places.billion dollarsHow much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places.billion dollarsHow much interest did Company Y earn between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer.billion dollarsA 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)?Broussard Skateboard's sales are expected to increase by 25% from $8.8 million in 2019 to $11.00 million in 2020. Its assets totaled $4 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.
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- Paradise At Sea's sales are exptec to increase by 15% from $8 million in 2018 to $9.2 million in 2019. Its assets totaled $5 million at the end of 2018. The firm is already at full capacity, so its assets must grow at the ssame rate as projected sales. At the end of 2018, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Find the sustainable growth rate for this firm. Warnings: Make sure to only include spontaneous liabilities and be careful with switching between thousands and millions....I would recommend using all the "0"s when completing the work. Make sure to state your answer as a percenage with 2 decimals.Suppose Naboo Manufacturing's sales increase 20% over the next year. Assuming that all asset accounts change proportionately to sales, what will the company be paying in taxes in 2020?If Cell Enterprise sales in 2019 were $150 million and growing at 7% per year, calculate the growth over 8 years (in 2027).
