Homework Answers
Question 10:
Current sales (year 0) = 15000
Growth rate (g) = 20% or 0.20
Solution :-
Expected sales (Year 1) = Current sales (1+g)
= 15000 (1+0.20)
= 15000 (1.20) = 18000
Expected sales (Year 2) = expected sales of year 1 (1+g)
= 18000 (1+0.20)
= 18000 (1.20) = 21600
Expected sales (Year 3) = expected sales of year 2 (1+g)
= 21600 (1+0.20)
= 21600 (1.20) = 25920
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