Danner corporation reported net sales of $650000, $720000, and $780000 in the years 2016, 2017, and 2018, respectively. if 2016 is the base year, what percentage do 2018 sales represent of the base?
Answers
Answer 1
We solve for the percentage that the sales in 2018 as a representative of the base is calculated by computing for the difference by the two amounts. Difference = ($78,000 - $65,000) = $13,000 Then, we divide the difference by the base value, = ($13,000) / ($65,000) = 0.2
Then, we multiply the calculated ratio by 100%. Percentage = (0.2) x 100% = 20%
Then, we add 100% to the answer.
Hence, 2018 sales represent 120% of the base sales during the year 2016.
Similarly, we can just divide the given sales on 2018 by the base sale on 2016.
ANSWER : 120%
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b.if today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years? show your work.
Answers
The formula is A=p (1+r)^t A future value? P present value 10000 R interest rate 0.1 T time 5years