Asked Oct 20, 2019

Sales last year for a department were $98,600. This year planned sales are forecast to decrease by 1.5%. What are planned sales for this year? Please include your calculation procedure. 


Expert Answer

Step 1

Compute forecasted decrease in sales as shown below:

Decrease in sales Last year sales x Decrease in percentage of sales

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Decrease in sales Last year sales x Decrease in percentage of sales =$98,600x1.5% =S1,479

Step 2

Compute planned sales for this year a...

Planned sales Last year sales Decrease in sales

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Planned sales Last year sales Decrease in sales =S98,600-S1,479 =S97,121


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