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Plan2go's sales figures for the financial year ending 30 June 20X1 were: Table 3 - Plan2go sales for financial year ending 30 June 20X1 Product
Plan2go's sales figures for the financial year ending 30 June 20X1 were: Table 3 - Plan2go sales for financial year ending 30 June 20X1 Product Sales units Amount $ All-season tyre 10,000 2,000,000 Sports tyre 8,000 2,800,000 Plan2go has observed the following relationships over the past 10 years in their business: Economic conditions have an impact on demand for their products: - when the economy is weak, unit sales for All-season tyres tends to decrease by 2% and unit sales for Sports tyres tends to decrease by 5% - when the economy is experiencing average economic conditions, unit sales for both All-season tyres and Sports tyres tend to increase by 4% - when the economy is strong, unit sales for All-season tyres tends to increase by 5% and unit sales for Sports tyres tends to increase by 9%. Plan2go has also planned to increase the price of All-season tyre by 1% and increase the price of Sports tyre by 2% in 20X2. It is anticipated that the economy will experience average economic conditions for the next 3 years. prepare a sales budget for 20X2
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