Blossom, Inc., had sales last year of $675,000, and the analysts are predicting strong future performance for the start-

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Blossom, Inc., had sales last year of $675,000, and the analysts are predicting strong future performance for the start-

Post by answerhappygod »

Blossom, Inc., had sales last year of $675,000, and the analysts
are predicting strong future performance for the start-up, with
sales growing 22 percent a year for the next three years. After
that, the sales should grow 13 percent per year for two years, at
which time the owners are planning to sell the company. What are
the projected sales for the last year before the sale? (If you
solve this problem with algebra round intermediate calculations to
6 decimal places, in all cases round your final answer to the
nearest penny.)
Projected sales in fifth year $______________
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply