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13 February, 07:53

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)
  1. 13 February, 08:16
    0
    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
  2. 13 February, 08:45
    0
    B.$1,248.0 million

    Explanation:

    $12,480,000
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Home » Business » 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.
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