Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Your forecast shows $500,000 annually in sales for each of the next 3 years. If your second and third year predictions have failed to incorporate the 3% expected annual inflation, how far off in total dollar sales is your 3-year forecast

Sagot :

jepessoa

Answer:

$45,450

Explanation:

your first year sales should be $500,000

your second year sales should be $500,000 x 1.03 = $515,000

your third year sales should be $515,000 x 1.03 = $530,450

total sales = $1,545,450

since you previously budgeted $1,500,000 in sales for the 3 years, you were off by $45,450

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.