Solution-What rate have sales been growing

What rate have sales been growing

Assignment Help Finance Basics

Reference no: EM131106143

Shalit Corporation's 2008 sales were $12 million. Its 2003 sales were $6 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 that statement correct?

Reference no: EM131106143

Questions Cloud

Defining a predicate and then using a quantifier : Write the statement "Every number is more than its reciprocal" symbolically by first defining a predicate and then using a quantifier.

How would the selling price of the bond be determined : What items related to the bond issue would be included in Sealy's 2011 income statement, and how would each be determined?

Find the interest rates earned on each of the following : Find the interest rates earned on each of the following: a. You borrow $700 and promise to pay back $749 at the end of 1 year. b. You lend $700 and the borrower promises to pay you $749 at the end of 1 year. c. You borrow $85,000 and promise to pay b..

Problem regarding the ssl and certificates : SSL is an acronym for Secure Sockets Layer, an encryption technology that was created by Netscape. SSL creates an encrypted connection between your web server and your visitors' web browser allowing for private information to be transmitted withou..

What rate have sales been growing : Shalit Corporation's 2008 sales were $12 million. Its 2003 sales were $6 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% ..

What is bond discount : Bond interest is shown as a current liability. Did we not pay our trustee, Flagstad Company, the full amount of interest due this period?

Determine segment of the holiday travel vehicles system : a. Develop a structure chart for this segment of the Holiday Travel Vehicles system. b. What type of structure chart have you drawn, a transaction structure or a transform structure? Why?

Manage the user expectations : 1. Identify the major points you would include in a communications plan at this point in the project. 2. What advice would you give your project team to help it manage the user expectations?

Find the following values using the equations : Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. a. An initial $500 compounded for 1 year at 6% b. An initial $500 compounded for 2 years at 6% c. The present value of $500 due in..

User Account

All Pages

What rate have sales been growing

Reference no: EM131106143

Reference no: EM131106143

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT