Question
STU Corp. has historical sales data for the past 5 years as follows: Year Sales ($) 2019 150,000 2020 160,000 2021 170,000 2022 180,000 2023
STU Corp. has historical sales data for the past 5 years as follows:
Year | Sales ($) |
2019 | 150,000 |
2020 | 160,000 |
2021 | 170,000 |
2022 | 180,000 |
2023 | 200,000 |
Requirements:
Calculate the compound annual growth rate (CAGR) of sales.
Forecast the sales for the year 2024 using the CAGR.
Assess the trend in sales growth.
Evaluate the factors affecting sales growth.
Provide recommendations for achieving the forecasted sales.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
