Managers Sometimes State a Target Growth Rate for Sales or Earnings

question 82

Essay

Managers sometimes state a target growth rate for sales or earnings per share. Do you think that either makes sense as a corporate goal? If not, why do you think that managers focus on them?

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Definitions:

FV

Future Value, a finance function that calculates the future value of an investment based on a constant interest rate and fixed payments over time.

PMT

A financial function that calculates the payment for a loan based on constant payments and a constant interest rate.

Text Functions

Features or commands in software that allow manipulation and formatting of text, such as changing case or concatenating strings.

UPPER

A function typically used in programming and spreadsheet applications to convert text data into uppercase letters.