Question

From Year 1 to Year 3, a company's sales volume went up 50% and its sales...

From Year 1 to Year 3, a company's sales volume went up 50% and its sales price went up 50%. The total sales dollars for Year 1 decreased by ________ compared to Year 3 total sales dollars.  

Homework Answers

Answer #1

for any clarifications please comment.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that a company's sales volume y (in thousands of units) is related to its advertising...
Suppose that a company's sales volume y (in thousands of units) is related to its advertising expenditures x (in thousands of dollars) according to the following. xy − 48x + 16y = 0 Find the rate of change of sales volume with respect to advertising expenditures when x = 16 (thousand dollars).
In a recent trading session, the benchmark 30-year Treasury bond’s market price went up $8.25 dollars...
In a recent trading session, the benchmark 30-year Treasury bond’s market price went up $8.25 dollars per $1000 face value to $1032.75 dollars, while its yield fell from .07 to .068. The bond’s market price then went up another $7.25 dollars per $1000 face value as the yield fell further to .0665 from .068. Report answers for the following (using average of latest two bond prices for duration and average of latest three bond prices for convexity): 1. Convexity,usingtheaverageofallthreemarketpricesofthebondinthedenominator of...
One company's Balance Sheet shows huge increase in its Accounts Receivable (A/R) compared with that of...
One company's Balance Sheet shows huge increase in its Accounts Receivable (A/R) compared with that of the previous year. Which of the following is the most reasonable analysis? Group of answer choices 1. The increase of the A/R indicates the huge growth of its sales in the current year. 2. The increase of the A/R indicates that the company has not collected cash for its sales from its customers. By doing so, the company's cash flows of this year must...
The following data represent a company's yearly sales volume and its advertising expenditure over a period...
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 8 years. (Y) Sales in Millions of Dollars (X) Advertising in ($10,000) 15 32 16 33 18 35 17 34 16 36 19 37 19 39 24 42 Develop a 95% confidence interval for predicting the average sales for the years when $400,000 was spent on advertising. i. Compute the correlation coefficient. alpha=5 urgently need detailed solution please
1. During 2020, Bruske Company's assets decreased P50,000 and its liabilities decreased P50,000. Its owner's equity...
1. During 2020, Bruske Company's assets decreased P50,000 and its liabilities decreased P50,000. Its owner's equity therefore: a. increased P50,000.                                                b. decreased P50,000. c. decreased P100,000.                                                            d. did not change. 2. At the beginning of the year, Ortiz Company had total assets of P900,000 and total liabilities of P440,000. During the year, total liabilities decreased P100,000 and owner's equity increased P200,000. What is the amount of total assets at the end of the year? 3. At the beginning of the...
Clean Company's costs are a function of sales of its two products: Clean Spray and Clean...
Clean Company's costs are a function of sales of its two products: Clean Spray and Clean Powder. Assume its fixed costs are 8,000 dollars per month. Its variable cost per bottle of Clean Spray is 4 dollars, and its variable cost per can of Clean Powder is 3 dollars. If Clean Company sells 200 bottles of Clean Spray and 100 cans of Clean Powder, its Estimated Total Cost for the period would be: $9,100 $1,100 $9,000 $8,000
The following data represent a company's yearly sales volume and its advertising expenditure over a period...
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 5 years. (Y) Sales in Advertising (X) Millions of Dollars in ($10,000) 15 32 16 33 18 35 17 34 16 36 (a) Compute the coefficient of determination for the estimated regression equation you got in the previous in-class problem. (b) Interpret the meaning of the value of the coefficient of determination that you found in (a). Be very specific. (c) Perform a...
The following data represent a company's yearly sales volume and its advertising expenditure over a period...
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 8 years. Advertising (x) Sales (y) 400,000 6,000,000 500,000 7,200,000 500,000 8,000,000 660,000 7,500,000 790,000 8,900.000 540,000 8,100,000 420,000 5,900.000 380,000 4,000,000 Develop a scatter diagram of sales versus advertising. Include the trendline equation and the coefficient of determination. If the company's advertising expenditure is $315,000, what are the predicted sales? If the company wanted $9,500,000 in sales, what should the advertising budget...
The Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017....
The Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017. Here is the December 31, 2016, balance sheet: Cash $  100 Accounts payable $   50 Accounts receivable 200 Notes payable 150 Inventories 200 Accruals 50 Net fixed assets 500 Long-term debt 400 Common stock 100 Retained earnings 250 Total assets $1000 Total liabilities and equity $1000 Booth's fixed assets were used to only 50% of capacity during 2016, but its current assets were at their proper...
Lando Company is planning on a 20% increase in sales volume next year. This year’s sales...
Lando Company is planning on a 20% increase in sales volume next year. This year’s sales revenue is $3,435,000 and its year-end balance sheet shows total current assets of $830,000, total plant assets of $1,670,000, and total current liabilities of $450,000. The company’s dividend payout ratio is 40% and its profit margin is expected to remain steady at 14%. The company is presently operating at full capacity so it estimates that it will need to purchase $300,000 of additional plant...