25) China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five? A)$1,610,510 B)$3,320,450 C)$2,340,450 D)$1,346,510 26) Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie? A)$35,580 B)$37,890 C)$64,308 D)$56,000 27) Gross profit is A) operating profits minus depreciation B) operating profits minus cost of goods sold C) sales revenue minus operating expenses D) sales revenue minus cost of goods sold 28) Operating profit is A) gross profit minus operating expenses B) sales revenue minus cost of goods sold C) earnings before depreciation and taxes D) sales revenue minus depreciation expense 29) The statement of cash flows A) shows the financial position of a firm at a given point of time. B) summarizes all the purchase and sale of fixed assets and raw materials C) provides insight into a firm's operating, investment, and financing cash flows D) classifies a firm's cash flows as operating, investing, financing, and other activities is(are) subtracted in order to 30) When preparing the retained earnings statement, derive at the ending balance of retained earnings. A) net profits after taxes B) interest expense C) depreciation D) dividends 31) A firm has the following accounts and financial data for 2014: Sales revenue Accounts receivable Interest expense Total operating expenses Accounts payable $3,060 500 126 600 240 Cost of goods sold Preferred stock dividends Tax rate Number of shares of common stocks outstanding $1,800 18 40% 1,000