Ishmael sells yachts and sold $90,000 worth of yachts this month. That is an increase of 20%

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

Question:

Ishmael sells yachts and sold $90,000 worth of yachts this month. That is an increase of 20% over last month's sales. But last month was 20% less than the month before. What were Ishmael's sales two months ago?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

See More Books

Posted Date: Nov 25, 2023 01:24 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Prepare a company analysis (strengths and weaknesses) Instructions - Prepare the SW portion of a SWOT analysis as a report. Use your textbook and the instruction below. Prioritizing the Results: The...
Albireo in the constellation Cygnus, which appears as a single star to the naked eye, is actually a beautiful double-star system, as shown in FIGURE 30-24. The brighter of the two stars is referred...
Averon Industrial, Inc., computed the following components of pension expense for the years 2013-2015: Instructions: 1. Compute the net periodic pension expense for the years 2013-2015. 2. Prepare...
GDL Enterprises has the following account balances at December 31, 2010. The inventory balance was determined using FIFO. GDL Enterprises has determined that the replacement cost (current market...
For the set of tasks given below, do the following: a. Develop the precedence diagram. b. Determine the minimum cycle time and then calculate the cycle time for a desired output of 500 units in a...
How do situational factors such as task interdependence, goal clarity, and resource availability influence team coordination, communication patterns, and ultimately, task performance outcomes ?
Refer back to the beginning of this chapter to the excerpt from a Los Angeles Times article about Reed Slatkin's fraud. The article insinuates that the FBI and IRS's raiding of Slatkin's office...
Critique the design of an evaluation by describing what evaluability means and why proper evaluability is so fundamental to the success.
What will be printed? #include int main() { char b='b', c; - c = b 1; printf("%c", c); }
How do change interventions, as strategic initiatives designed to catalyze organizational transformation, navigate the complexities of organizational dynamics, stakeholder interests, and...
Jill's front door is 42" wide and 84" tall. She purchased a circular table that is 96 inches in diameter. Will the table fit through the front door?
a. Determine which delivery alternative would be most economical for 70 boxes of parts. Each box costs $200 and annual holding cost is 30 percent of cost. Assume 365 days per year. Freight costs are:...
4. Give an example to show that (A+B)(A-B) = A-B2 is not a valid identity for matrices.
At the beginning of 2024, Best Heating & Air (BHA) has a balance of $24,800 in accounts receivable. Because owned company, the company has used only the direct write-off method to account for...
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
The Company Lalo Company, headquartered in Vaduz, is a company listed in Amsterdam, Paris and Zurich. It is the third largest small home appliance manufacturer in Europe. The company was founded in...
Sanofi-Synthelabo and Aventis are two French-based groups, heavily involved in the pharmaceutical business. On 20 August 2004, Sanofi-Synthelabo acquired control of Aventis and the two groups were...
The Smetana Company has a commercial activity in the beauty products and cosmetics sector. Required Analyze the statement of cash flows prepared in Assignment 14.2 Smetana Company (1), in Chapter 14.
An unqualified audit report normally states that the financial statements to which the report refers give a true and fair view of the state of the company's affairs at the Statement of Financial...
Pingo Manufacturing Ltd imports electronic components and assembles them in a factory to make consumer gadgets which appeal to a younger market. They have traded successfully for many years because...
List the possible auditors' reports.

Ishmael sells yachts and sold $90,000 worth of yachts this month. That is an increase of 20%

Question:

Expert Answer:

Lets denote the sales two months ago as X According to the information provided 1 Last month... View the full answer

Financial Accounting and Reporting a Global Perspective

Students also viewed these finance questions