A company had a profit of $350,000 in its first year. Since then, the company's profit has decreased by 12% per year. Assuming this trend continues, what is the total profit the company can make over the course of its lifetime? Round your answer to the nearest dollar.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company had a profit of $350,000 in its first year. Since then, the company's profit has decreased by 12% per year. Assuming this trend ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On January 2, 2020, Pearl Company sells production equipment to Fargo Inc. for $52,000. Pearl includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2020.
Answers (1)
Jess buys a microwave oven with a manufacturer's full one-year warranty. If Jess discovers that the microwave oven does not work properly during this time, the manufacturer is obligated to:
Answers (1)
A stadium buses fans to the game from satellite lots. Two buses shuttle between each of the three satellite lots. Each bus is leased for $100/hour, and each bus driver is paid $15/hour.
Answers (1)
During the Marketing Department Era companies increasingly relied on a variety of marketing activities to find ways to expand markets and sell more products. a) trueb) false
Answers (1)
Stocks 1 and 2 are selling for $100 and $125, respectively. You own 200 shares of stock 1 and 100 shares of stock 2. The weekly returns on these stocks have means of 0.001 and 0.0015, respectively, and standard deviations of 0.03 and 0.
Answers (1)
New Questions in Business
Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.
Answers (1)
Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.
Answers (1)
Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment trusts D. Pension funds
Answers (1)
Sherry often makes long personal phone calls from her desk during the work day. Alvin likes to wear shorts and old t-shirts to work during the summer. Jillian usually arrives 10 minutes late to the office in the morning.
Answers (1)
Which of the two would you consider most important, money or inventory?
Answers (1)