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You are the managerial accountant for a chain of athletic shoe stores. All stores are similar in size and merchandise selection, but their sales differ
You are the managerial accountant for a chain of athletic shoe stores. All stores are similar in size and merchandise selection, but their sales differ because of location, competition, and random factors. You are given the results for 2018 and asked to forecast sales for 2019. You have been told that sales will increase overall by 10%. Complete the following table.
Store | Sales 2018 (Actual) | Sales 2019 (Forecast) |
1 | $11,000,000 |
|
2 | $23,000,000 |
|
3 | $18,000,000 |
|
4 | $29,000,000 |
|
Total | $61,000,000 |
|
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