Shalit Corporations 2005 sales were $12 million. Its 2000 sales were $6 million. a. At what rate

Question:

Shalit Corporation’s 2005 sales were $12 million. Its 2000 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 percent in 5 years, so, dividing 100 percent by 5, we find the growth rate to be 20 percent per year.” Is the statement correct?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324302691

11th edition

Authors: Eugene F. Brigham, ‎ Joel F. Houston

See More Books

Question Posted: Aug 05, 2019 08:49 AM

See More Questions

Shalit Corporations 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...
Shalit Corporation's 2011 sales were $12 million. Its 2006 sales were $6 million. a. At what rate have sales been growing? b. Suppose someone made this statement: "Sales doubled in 5 years. This...
Hanebury Corporation's current sales were $4 million. Sales were $2 million 4 years earlier. a. To the nearest percentage point, at what rate have sales been growing? b. Suppose someone calculated...
Given that the notion of HRM is seen in some countries to be more advanced than the idea of personnel management, why might the latter continue to be the preferred terminology in most of Europe?
Use separation of variables to obtain solutions to the DEs and JVPs in Problems. Solve for y when possible. a. y' = t2/y b. ty' = 1-y2
As the new accountant for Carlys Pet Express Inc., a line of pet boutiques, you are developing the financial statement disclosures for the 2023 financial statement note on income taxes. The company...
Plaintiffs W. O. and J. C. Lucy had wanted to purchase Ferguson Farm from the Zehmers for at least eight years. One night, Lucy stopped by the establishment the Zehmers operated and said that he bet...
The comparative financial statements of Triad Images Inc. are as follows. The market price of Triad Images Inc. common stock was $55 on December 31, 2008. Instructions Determine the following...
Income elasticity Ei for food is about 0.30. Last year Ali spent $12,000 on food. If he gets a 4% raise in annual pay how much will he spent on food next year?
In SCTP, the following is a dump of a DATA chunk in hexadecimal format. 00000015 00000005 0003000A 00000000 48656C6C 6F000000 a. Is this an ordered or unordered chunk? b. Is this the first, the last,...
To find the present value of an uneven series of cash flows, you must find the PVs of the individual cash flows and then sum them. Annuity procedures can never be of use, even if some of the cash...
Looking at the most recent year available, what is the amount of total assets on Starbucks balance sheet? What percentage is fixed assets, such as plant and equipment, and what percentage is current...
List the underlying classical assumptions in OLS regression analysis. Why are these assumptions important to OLS estimation of regression coefficients?
Taking into account the previous exercise, create also the Bookcase class (understood as a bookcase inside a bookstore). Each bookcase must be dedicated to a certain literary genre included in the...
Select the alternative that replaces the underlined words in the following sentences with a noun subordinate clause that performs the same function. The winner of the contest received $5,000. a.The...
Write a java blueprint class that models an Airline Reservation and adheres to the following criteria: 4 instance variables: first name, last name, flight number, seat number , ticket number A...
Nico (age 22), a South African tax resident, sold his rights in a recording of a worldwide hit to a local record company for R4 000 000 in the current year of assessment. The market value of the...
Write a java class that adheres to the following criteria: Create a class called MovieTicket that will serve as a blueprint for a movie ticket. ( therefore contains no main method ). This class...
You recently invested $18,000 of your savings in a security issued by a large company. The security agreement pays you 6 percent per year and has a maturity three years from the day you purchased it....
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
Assume you are given the following relationships for the Brauer Corporation: Calculate Brauer's profit margin and debt ratio. Sales/Total assets Return on assets (ROA) Return on equity (ROE) 1.5x 3%...
Certain liability and net worth items generally increase spontaneously with increases in sales. Put a check (=) by those items that typically increase spontaneously: Mortgage bonds Common stock...
If a firm went from zero debt to successively higher levels of debt, why would you expect its stock price to first rise, then hit a peak, and then begin to decline?
Investco is a trading firm and has Dec 3 1 as its annual closing date. On Oct 1 7 th of 2 0 1 9 , it had purchased 5 0 0 0 shares at $ 1 4 each. The share value on Dec. 3 1 , 2 0 1 9 was $ 1 2 . Due...
The December 3 1 balance sheet accounts of the Dan, Jim, and Mary Partnership are: Cash $ 2 0 , 0 0 0 Inventory 1 2 0 , 0 0 0 Plant assets - net 3 0 0 , 0 0 0 Accounts Payable 1 7 0 , 0 0 0 Dan,...
A taxpayer lives in their main home for ten straight years and decides to cash in on the market to move out of the city. Together with their spouse, they sell the home for $ 7 5 0 , 0 0 0 . Their...

Shalit Corporations 2005 sales were $12 million. Its 2000 sales were $6 million. a. At what rate

Question:

Step by Step Answer:

a With a calculator enter N 5 PV 6 PMT 0 FV 12 and then solve for IYR 1487 b The cal...View the full answer

Fundamentals of Financial Management

Students also viewed these Business questions