Koreyâs comic book store has been up and running for 4 years. korey feels that his store has been successful and is considering moving to a larger property to allow for greater inventory and customer opportunities in his business. he would like investors to cover the cost of his expansion.
the profits of koreyâs comic book store for its first four years are outlined below. according to this information, what would be the best estimate for korey to quote as expected profits in the next year in his new business plan?
year
net profits
1$14,250.00
2$15,390.00
3$16,621.20
4$17,950.90

a.$20,550.19
b.$19,090.90
c.$19,280.60
d.$19,386.97

D. $19,386.97

Step-by-step explanation:

When determining expected profits, one should analyse net profits results from previous years in order to observe a trend or pattern and consequently make a projection. In this case, Koreyâs comic book store has been experiencing a steady 8% growth in net profits in each year for the previous 4 years:

Therefore, it is fair to assume that the company will continue to experience this steady growth and project an 8% increase in profits for the next year:

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step-by-step explanation:

a: inscribed angles

step-by-step explanation:

i reviewed this question with a peer and teacher, seems to be correct, me later