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Sales Forecast Practice: assume you have designed a new line of Calculator covers for college students. Last year there were 30mm Calculator covers sold in
Sales Forecast Practice: assume you have designed a new line of Calculator covers for college students. Last year there were 30mm Calculator covers sold in the U.S. and that number is expected to grow by 3% per year. The average price of an Calculator cover was $15, and that price is expected to decline 5% per year. You forecast that you can get a 1% unit market share this year, and you can increase your unit sales by 30% per year after that. Your price per Calculator cover will be $20 because of the higher quality, but you do not expect to implement any price increases over the next 5 years. DO A 5 YEAR FORECAST SPREADSHEET that includes the total industry number of Calculator covers sold, price per average cover, and total dollar sales for each year, starting with Last Year as a base and moving forward for Year 1 (THIS YEAR), Year 2, Year 3, Year 4 and Year 5. Also calculate your own expected number of calculator covers sold for years 1 through 5, price per cover, and your own total dollar sales.
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