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9 . Go to the Estimated Earnings worksheet. Hwan has entered most of the income and expense data on the worksheet. He estimates sales will
Go to the Estimated Earnings worksheet. Hwan has entered most of the income and expense data on the worksheet. He estimates sales will be $ in Year and $ in Year He needs to calculate the sales amounts for Years The sales should increase at a constant amount from year to year.
Project the sales amounts for Years cells D:F using a Linear Trend interpolation.
Hwan also needs to calculate some expense amounts. He knows the starting amount of the miscellaneous expense and has estimated the amount in Year He thinks this expense will increase by a constant percentage.
Project the miscellaneous expenses for Years cells D:F using a Growth Trend interpolation.
Hwan also knows the rent will be $ in Year and will increase by at least percent per year.
Project the rent expenses as follows:
a Project the expenses for rent for Years cells D:G using a Growth Trend extrapolation.
b Use a percent increase as the step value.
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