A student decides to finance college by starting a t-shirt company. In 2013, the t-shirt company had $50,000 in sales and ended the year with receivables of $7,000. After conducting some research, the student forecasts a steady sales growth of 15% for the next 5 years, which should take him through graduate school. With this forecasted sales growth, what are expected sales for each of the 5 years following 2013? Also, what is the expected amount of receivables for each of the 5 years following 2013?

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The Answer of A student decides to finance college by starting a t-shirt company. In 2013, the t-shirt company had $50,000 in sales and ended the year with receivables of $7,000. After conducting some research, the student forecasts a steady sales growth of 15% for the next 5 years, which should take him through graduate school. With this forecasted sales growth, what are expected sales for each of the 5 years following 2013? Also, what is the expected amount of receivables for each of the 5 years following 2013?

A Student Decides to Finance College by Starting a T-Shirt