Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Provide correct answer. What are the projected sales sales for the last year before the sales?

Celeb Nav, Inc. had sales last year of $670,000,
and the analysts are predicting a good year for
the start-up, with sales growing 15 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?
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Transcribed Image Text:Celeb Nav, Inc. had sales last year of $670,000, and the analysts are predicting a good year for the start-up, with sales growing 15 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?
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