Access the annual report of Samsung (at samsung.com) for the year ended December 31, 2013. The usefulness of its budgets, variances, and related analyses depends on the accuracy of management’s estimates of future sales activity.

Required

1. Identify and record the prior two years’ sales (in W millions) for Samsung from its income statement.

2. Using the data in part 1, predict sales activity for Samsung for the next two years. Explain your prediction process.