Last Year Tempe Corporation's Sales Were $525 Million

question 59

Multiple Choice

Last year Tempe Corporation's sales were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be 8 years later?

• A) $845.03
• B) $889.51
• C) $936.33
• D) $983.14
• E) $1,032.30

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Definitions:

Limited Liability Company

A business structure in the United States that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Private Corporation

An entity owned by private individuals or entities, not publicly traded, and not owned or operated by the government.

Sole Proprietorship Company

A business entity owned and operated by a single individual, with no legal distinction between the owner and the business.

Risk Analysis

The process of identifying and assessing the potential risks that may negatively impact an organization's capital and earnings.