Manufic, a Detergent Manufacturer, Has Announced This Year's Net Income

question 38

Multiple Choice

Manufic, a detergent manufacturer, has announced this year's net income as $832,500. It expects its net earnings to grow at a rate of 15 percent per year for the next two years, before dropping to 12 percent for each of the following two years. What is the firm's net income after four years? (Round to the nearest dollar.)

• A) $1,381,071
• B) $1,266,128
• C) $1,233,099
• D) $1,072,260

---

Definitions:

Lotus Capital

Architectural element typically found in ancient Egyptian and Indian buildings, characterized by a capital that resembles a lotus flower, symbolizing purity and creation.

Tapering Shape

Describes an object or structure that gradually diminishes in size or thickness toward one end, often seen in design and architecture.

Mycenaean Palace Plan

The architectural layout of palaces in Mycenaean Greece, characterized by a central court and symmetrical rooms.

Megaron

The large reception hall and throne room in a Mycenaean palace, fronted by an open, two-columned porch.