User Account

All Pages

What would be the forecast for next year sales

Assignment Help Managerial Accounting
Reference no: EM132809602

Average Sales Forecast

Formula: Actual - Forecast Actual

Suppose a firm has had the following historic sales figures.

Year:      2012                 2013                 2014                  2015                     2016

Sales   $2,500,000       $3,750,000       $2,400,000        $2,000,000      $2,600,000

Problem 1: What would be the forecast for next year's sales using the average approach?

Reference no: EM132809602

Questions Cloud

Identify at least three weaknesses in the controls : Identify at least 3 weaknesses in the controls and suggest possible improvements. When stock falls below 100 the computer automatically produces
What is cost of obtaining financing with a sale-leaseback : What is the return from opening the office building under the assumption that it is leased and What is the cost of obtaining financing with a sale-leaseback
Which system should the firm invest : Blanda Incorporated mangement is considering, If the firm uses a 9 percent discount rate for their production systems, in which system should the firm invest?
How can an employer avoid hiring the wrong person : Poor hiring decisions can be very costly to employers. When a new hire is terminated or quits, the employer's investment in acquiring that employee is lost.
What would be the forecast for next year sales : Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach?
What role does compensation play in retaining : In what ways do compensation and benefits, retention and motivation, and training and development reinforce each other?
What is the full selling price of a globe : Assuming sales of 1,200 units, what is the full selling price of a globe with a 0.25 markup? The Falling Snow Company is considering production of a lighted
Evaluate the success of employee retention efforts : Suggest several measures Datotel could use to evaluate the success of its employee retention efforts. Be sure these are practical for a company of a few dozen
Record the transactions of south carleton cement company : Record the transactions of South Carleton Cement Company (SCCC) that occurred during 2021.SCCC's only employee earned gross pay of $4,800.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd