In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each year for the foreseeable future, what will 2021forecasted sales be?

A.$1,403.8 million

B.$1,248.0 million

C.$1,349.8 million

D.$1,179.7 million

E. None of the above

Question

Saniya Cannon

Business

8 July, 10:52

In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each year for the foreseeable future, what will 2021forecasted sales be?

A.$1,403.8 million

B.$1,248.0 million

C.$1,349.8 million

D.$1,179.7 million

E. None of the above

+3

Answers (2)

Know the Answer?

Zander Farmer · Answer 1

B.$1,248.0 million

Explanation:

$12,480,000

Mekhi Bean · Answer 2

A.$1,403.8 million

Explanation:

The computation of the 2021 forecasts sales would be

Sales for 2017 = $1,200 million

Sales for 2018 would be

= $1,200 + $1,200 * 4%

= $1,200 + 48

= $1,248 million

Sales for 2019 would be

= $1,248 + $1,248 * 4%

= $1,248 + 49.92

= 1,297.92 million

Sales for 2020 would be

= $1,297.92 + $1,297.92 * 4%

= $1,297.92 + $51.9168

= $1,349.8368 million

Sales for 2021 would be

= $1,349.8368 + $1,349.8368 * 4%

= $1,349.8368 + 53.99344

= 1,403.83 million

In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each year for the foreseeable future, what will 2021forecasted sales be?A.$1,403.8 millionB.$1,248.0 millionC.$1,349.8 millionD.$1,179.7 millionE. None of the above

In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each year for the foreseeable future, what will 2021forecasted sales be?

A.$1,403.8 million

B.$1,248.0 million

C.$1,349.8 million

D.$1,179.7 million

E. None of the above