Your Forecast Shows $500,000 Annually in Sales for Each of the Next

question 25

Multiple Choice

Your forecast shows $500,000 annually in sales for each of the next three years.If your second and third year predictions have failed to incorporate 2.5% expected annual inflation, how far off in total dollars is your three-year forecast?

• A)$37,813
• B)$50,000
• C)$52,550
• D)$76,250

Understand the benefits and challenges of workplace diversity.

Recognize the importance of inclusivity in fostering a supportive work environment.

Identify the economic and social impacts of prejudice and discrimination in the workplace.

Understand the legal and ethical foundations of affirmative action and anti-discrimination laws.

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Definitions:

Return on Assets (ROA)

A financial ratio that indicates how profitable a company is relative to its total assets, calculated as net income divided by total assets.

Return on Common Equity

A financial ratio indicating the amount of net income returned as a percentage of shareholders equity, measuring a company's profitability in generating profits from its equity financing.

Long-term Debt

Borrowings and financial obligations that are due for repayment beyond the period of one year.

Current Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its current assets by comparing its net sales to its current assets.