Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MILESTONE 2 FORECASTED FINANCIALS Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within

image text in transcribedimage text in transcribed

MILESTONE 2 FORECASTED FINANCIALS Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within the cell by using formulas, out to the right, or both - clearly labeling your work. All your work must be shown on this sheet, not on a separate tab. Forecasted Income Statement (25 points) It's STILL January 1,2023 , and you'll be going on Shark Tank in 2 weeks. You are unhappy with your previous Sales Forecast because your current sales to residences do not really predict your upcoming sales to commercial builders. You believe your incoming orders will be much higher than before with each order resulting in a much higher revenue stream. You decide to change your method of forecasting to a mix of Percent-of-Sales and Pro Forma forecasting. 1 (25 pts) Using the information on the Assumptions tab, create a 5-year forecasted Income Statement on the Forecasted Financials tab

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Short Term Financial Management

Authors: Ned C. Hill, William L. Sartoris

3rd Edition

ISBN: 0023548320, 978-0023548321

More Books

Students also viewed these Finance questions

Question

a valuing of personal and psychological privacy;

Answered: 1 week ago