It would be: k+3 = 10
subtracting 3 from both sides,
k+3-3 = 10-3
k=7
Year Net Profit
1 <span>$14,250.00
2 $15,390.00
3 $16,621.20
4 $17,950.90</span>2
We need to get the increase of the net profit of the current year from the previous year.
Percentage increase = (Current year - Previous Year)/ Previous Year * 100%
Year 2: (15,390 - 14, 250) / 14,250 * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%
Every year the net income increases by 8%. So, the net income in Year 5 will be:
17,950.90 x 1.08 = 19,386.97 Choice D.
4.509 is greater that 4.508 and less than 4.512
Answer:
c. $100,000
Step-by-step explanation:
Calculation of the expected net profit of Ephemeral services corporation
Since we are been told that 9 other companies besides esco are as well bidding for the $900,000 government contract, it means we have to find the expected net profit by dividing 1 by 9×$900,000 .Thus ESCO can only expect to cover its sunk cost.
Hence ,
E(X) = (1/9) × $900,000
E(X)=0.111111111×$900,000
E(X)= $100,000
Therefore the expected net profit would be $100,000
$1.21 is the original price per pound...i too am having trouble with figuring out how to setup the equation!!