This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are 1,000,000. If the ... (Read 114 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jul 10, 2018
China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are 1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five?
 
  What will be an ideal response?

Question 2

Corporation A owns 15 percent of the stock of corporation B. Corporation B pays corporation A 100,000 in dividends in 2002. Corporation A must pay tax on ________.
 
  A) 100,000 of ordinary income
  B)  30,000 of ordinary income
  C)  70,000 of ordinary income
  D)  70,000 of capital gain


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 10, 2018
Answer to Question 1

FV = 1,000,000(1.1)5 = 1,610,510

Answer to Question 2

B


BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Sample Teaching Plan for Hypertension Cont. Sample Teaching Plan for Hypertension Cont.
Local Anesthetic Agents Local Anesthetic Agents
Classification of Antihypertensive Agents Classification of Antihypertensive Agents
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Body plan of an aquatic snail and micrograph of a radula Body plan of an aquatic snail and micrograph of a radula
Video: Role of complement proteins

For a complete list of videos, visit our video library