If a Company's Annual Sales Grew from $165,000 to $485,000

question 188

Short Answer

If a company's annual sales grew from $165,000 to $485,000 in a period of eight years, what has been the compound annual rate of growth of sales during the period?

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Definitions:

Blue-Collar

Blue-collar refers to types of employment or workers involved in manual labor or skilled trades, often involving physical work.

White-Collar

Referring to employees who perform professional, managerial, or administrative work, typically contrasted with blue-collar workers who do manual labor.

Temporary Workers

Individuals employed on a non-permanent basis, often through agencies, for short-term assignments or to cover peak workload periods.

Financial Burdens

The strain placed on individuals or organizations due to heavy financial obligations or debt.