What Rate of Nominal Growth Is Expected in Sales If

question 88

Multiple Choice

What rate of nominal growth is expected in sales if they are currently $1,000,000 and are expected to reach $1,600,000 in 5 years? Assume an inflation rate of 3.5%.

• A) 3.20%
• B) 9.86%
• C) 12.00%
• D) 26.49%

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Definitions:

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The principal part of the nervous system comprising the brain and spinal cord, responsible for processing and transmitting information in the body.

Sedative

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A substance that causes changes in perception, mood, and cognitive processes, inducing hallucinations.

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A performer who uses hypnosis techniques on participants in front of an audience for entertainment purposes.