your business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. what are your projected sales for year 10? the formula for compound growth is e

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13-09-2022
Business

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your business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. what are your projected sales for year 10? the formula for compound growth is e

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Tutorconsortium352 Tutorconsortium352 · Answer 1 · 2022-09-16T00:59:34-04:00

Given that your business plan calls for sales of $ 45,000 in year 1 with compound growth of 30% per year thereafter, to determine what your projected sales for year 10 are, the following calculation must be performed:

45,000 x 1.30 ^ 10 = X. 45,000 x 13.78 = X. 620,363.21 = X.

What are sales?

A sale involves two or more parties and involves the exchange of goods or services for money or other assets. A contract between a buyer and a seller that specifies the price of a security and its delivery in exchange for a predetermined payment is referred to as a sale in the financial markets.

By definition, "sales" refers to all operations carried out in order to promote a product or service to a consumer or business. But in reality, it means so much more. Finding prospects, cultivating client relationships, and providing clients with solutions are all steps in the lengthy process of closing a deal successfully.

To learn more about sales visit:

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