ZuoTi.Pro
Question

Oriole, Inc., had sales last year of $565,000, and the analysts are predicting strong future performance...

Oriole, Inc., had sales last year of $565,000, and the analysts are predicting strong future performance for the start-up, with sales growing 15 percent a year for the next three years. After that, the sales should grow 11 percent per year for two years, at which time the owners are planning to sell the company. What are the projected sales for the last year before the sale? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Projected sales in fifth year $
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Projected Sales in 5th year = 565,000(1.15)³(1.11)²

Projected Sales = $1,058,736.60

0 0
Add a comment
Know the answer?
Add Answer to:
Oriole, Inc., had sales last year of $565,000, and the analysts are predicting strong future performance...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Your finance textbook sold 51,000 copies in its first year. The publishing company expects the sales...

    Your finance textbook sold 51,000 copies in its first year. The publishing company expects the sales to grow at a rate of 17 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest...

  • Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

    Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 10                              Accounts payable $ 23                        Accounts receivable...

  • Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

    Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 7 Accounts payable $ 20 Accounts receivable...

  • Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

    Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Assets Cash Accounts receivable Inventory Current assets Fixed assets Balance Sheet (in $ millions) Liabilities and Stockholders' Equity $...

  • Ignacio, Inc., had after-tax operating income last year of $1,198,000. Three sources of financing...

    Ignacio, Inc., had after-tax operating income last year of $1,198,000. Three sources of financing were used by the company: $2 million of mortgage bonds paying 4 percent interest, $4 million of unsecured bonds paying 6 percent interest, and $11 million in common stock, which was considered to be relatively risky (with a risk premium of 8 percent). The rate on long-term treasuries is 3 percent. Ignacio, Inc., pays a marginal tax rate of 30 percent. Required: 1. Calculate the after-tax...

  • U.S. Factory Sector Clocks Strongest Growth in 14 Years Analysts had expected a slowdown given rising...

    U.S. Factory Sector Clocks Strongest Growth in 14 Years Analysts had expected a slowdown given rising trade tensions By Sharon Nunn WASHINGTON—American factory activity in August expanded at the strongest pace in more than 14 years, despite rising tensions with some of the U.S.’s largest trade partners. The Institute for Supply Management on Tuesday said its manufacturing index rose to 61.3 in August, the highest level since May 2004, from 58.1 in July. Sales of factory-made products, or new orders,...

  • Calculating Market Demand The Industry Demand Analysis will help the Marketing and Production Departments understand future demand. Marketing can use the total demand for each segment as it creates a sales forecast. Production can use the results when ma

    Calculating Market DemandThe Industry Demand Analysis will help the Marketing and Production Departments understand future demand. Marketing can use the total demand for each segment as it creates a sales forecast. Production can use the results when making capacity buy and sell decisions.You will need:The Segment Analysis reports (pages 5-9) of the Capstone Courier for Round 0The Industry Conditions Report.At the top of each Segment Analysis page you will find each segment’s statistics (see example below). The top line is...

  • CASE FIVE Quacker Cracker » UINCY CYNSKY began the Quacker Cracker Company (QC) in St. Louis,...

    CASE FIVE Quacker Cracker » UINCY CYNSKY began the Quacker Cracker Company (QC) in St. Louis, MO, 65 years ago after he came home from World War II. He created a tasty, fancy cracker almed at a party and restaurant audience who liked to entertain, and right from the outset paid special atten- tion to quality "We only make crackers and fancy breads, but we make them in various flavors with the finest flour and other ingredients," Quincy was fond...

  • Background: During your first business class, you saw the opportunity to bring white paper squares to...

    Background: During your first business class, you saw the opportunity to bring white paper squares to the Salisbury University market. On a whim, you started manufacturing low quality, thin, white, flexible squares of paper. Shockingly, your business took off and the company was successful in competing in a saturated market. Seeing the need for diversification, you launched a new specialty product with the hope of increasing sales and setting the business apart. With moderately good recording keeping and a solid...

  • Rusty Steuben, owner of Minnehaha Marine & Camp, is worried about his business’ future. He has...

    Rusty Steuben, owner of Minnehaha Marine & Camp, is worried about his business’ future. He has tried various strate- gies for two years now, and he’s still barely breaking even. Two years ago, Rusty bought the inventory, supplies, equip- ment, and business of Minnehaha Marine & Camp, located on the edge of Minneapolis, Minnesota. The business is in an older building along a major highway leading out of town, sev- eral miles from any body of water. The previous owner...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT