Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Experience the ease of finding quick and accurate answers to your questions from professionals on our 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 stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.