Register
You are doing a financial forecast for your restaurant. Your marketing budget is 18,000 right now. You project it to grow by 18% per year each year. What will you be spending on marketing in 5 years?
169k views
1 vote
You are doing a financial forecast for your restaurant. Your marketing budget is 18,000 right now. You project it to grow by 18% per year each year. What will you be spending on marketing in 5 years?

User Dean Meehan
by
5.1k points

2 Answers

3 votes

Answer:

$41,180

Step-by-step explanation:

User Rickp
by
5.0k points
1 vote

Answer:

on the 5th year: $34, 898

the total 5 years: $128,775.78

Step-by-step explanation:

add 18% of 18,000 to 18,000

then add 18% of that sum to the sum

and so on

User Ruy Rocha
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.8m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the unemployment rate has been equal to the natural rate of unemployment for
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Link Copied!