The Merry Co. has current annual sales of $350,000 and a net profit margin of 6%. Sales are expected to increase by 5% annually while the profit margin is expected to remain constant. What is the projected afterminus−tax earnings for two years from now?

$23,153

Explanation:

Given that,

Current annual sales = $350,000

Net profit margin = 6%

Sales are expected to increase by 5% annually.

Sales two years from now:

= Sales in year 0 × (1 + Growth of year 1) × (1 + Growth of year 2)

= $350,000 × (1 + 5%) × (1 + 5%)

= $350,000 × 1.05 × 1.05

= $385,875

Profit margin = 6% of sales two years from now

                     = 0.06 × $385,875

                     = $23,153  

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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