Week $12-2\%$ Assignment $-4$

Calculate the forecast sales given the following information: current sales $=$$$500$; growth rate $=10\%$; cost of goods sold $=$$$300$; net income $=$$$200.[2$ mark$]$

If your current sales are at $$75,000$ and you expect a $20-$percent increase, what is the sale for the next year? $[2$ mark$]$

Sandra's Loan Company notices that in years past, $8\mathrm{.}5\%$ of its sales have funded bad debts. As sales increase, so does the amount of irretrievable debt listed in its ledger. If Sandra's management team believes the company aims to report $$1$ million in sales next year find out the amount of bad debt related expenses using the percentage of sales method. $[2$ mark$]$

Pizza Planet's financial statement shows a monthly sales revenue of $$2,000.$ A school plans to open near the restaurant soon, and the owners predict business might grow by $50\%$ next month. If the business has a $$200$ balance in its available cash account, use percentage of sales method to predict how much cash might be available next month after the school opens. $[3$ mark$]$

Suppose Panther Tees is a t$-$shirt retailer that sells t$-$shirts directly to consumers via its online platform. Since the cost of acquiring the products is increasing, the organization wants to determine whether it must increase the price of the $t-$shirts from $$100$ to $$150.$ Hence, Panther Tees used the percentage of sales method. The company evaluated that the overall cost of goods sold in the year is $$20,000$ and the overall sales recorded by the company is $$80,000.$ Find out