Your manager has stated the department goal of increasing annual sales numbers by 23% for the next year. If your year one sales were $17,550,000, in order to meet this goal, your sales in year two must be at least:
A)$40,365,000
B)$21,586,500
C)$58,754,347
D)$22,815,000

Question

Quizplus · Accepted Answer

To meet the goal of increasing annual sales by 23%, you multiply the year one sales by 1.23 (100% + 23% = 123% or 1.23). So, $17,550,000 * 1.23 = $21,586,500.

Your Manager Has Stated the Department Goal of Increasing Annual