1. Calculate the forecast sales given the following information: current sales = $500; growth rate = 10%; cost of goods sold = $300; net income = $200. [2 mark] 2. If your current sales are at $75,000 and you expect a 20-percent increase, what is the sale for the next year? [2 mark] 3. Sandra's Loan Company notices that in years past, 8.5% of its sales have funded bad debts. As sales increase, so does the amount of irretrievable debt listed in its ledger. If Sandra's management team believes the company aims to report $1 million in sales next year find out the amount of bad debt related expenses using the percentage of sales method. [2 mark] 4. Pizza Planet's