complete the form and compute the yearly projected sales using the following information. Show your solution in each table

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter3: Cost-volume-profit Analysis
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complete the form and compute the yearly projected sales using the following information. Show your solution in each table
I.
Let's Connect/ Let's Analyze
Instruction: Your good friend Jasmine hired you to help her make a Sales Forecast for her start up
business. Complete the form and compute the yearly projected sales using the ff. information.
Jasmine loves to bake and make delicacies so she decided to start her own business called
Jasmine's Sweet Desserts. She's projecting her sales to increase by 9% annually. Assume that the Sales
return is 2% of her total gross sales each year, sales discount is 3% of the total gross sales each year.
Actual Sales Year 2018
(Mango Float and Chocolate Cake)
Total
Monthly
Gross Sales
Total Annual
Product
Sizes
Selling Price
Quantity
Gross Sales
Small
1. Mango
Float
20 tubs
P 30.00/tubs
Medium
P 50.00/tubs 20 tubs
Large
P 100.00/tubs 20 tubs
20 tubs
2. Chocolate
Cake
Small
30.00/tubs
Medium
P 50.00/tubs
20 tubs
Large
P 100.00/tubs 20 tubs
6.
O Type here to search
5:52 AM
Speakers: 37% 2022
Transcribed Image Text:I. Let's Connect/ Let's Analyze Instruction: Your good friend Jasmine hired you to help her make a Sales Forecast for her start up business. Complete the form and compute the yearly projected sales using the ff. information. Jasmine loves to bake and make delicacies so she decided to start her own business called Jasmine's Sweet Desserts. She's projecting her sales to increase by 9% annually. Assume that the Sales return is 2% of her total gross sales each year, sales discount is 3% of the total gross sales each year. Actual Sales Year 2018 (Mango Float and Chocolate Cake) Total Monthly Gross Sales Total Annual Product Sizes Selling Price Quantity Gross Sales Small 1. Mango Float 20 tubs P 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs 20 tubs 2. Chocolate Cake Small 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs 6. O Type here to search 5:52 AM Speakers: 37% 2022
O a2 Entrepreneurship 11 Week
Fabook
File C/Users/arrow/Downloads/Q2-Entrepreneurship 11 Week-4-2.pdf
7 /11
100%
02-Entrepreneurship-11 Week-4-2.pdf
6.
Jasmine's Sweet Desserts Sales Forecast:
Actual
Plajected
2018
2019
2020
2021
SALES
Mango
Sales-
Float
Sales- Chocolate
Cake
Gross Sales
Sales Ret.
Allowances
&
Sales Discounts
Not Sales
Discuss Questions:
1. How can sales forecasting help your friend Jasmine improve her cash-in-flow?
2. By looking at the forecasted sales suggest marketing or sales strategies to increase the
projected growth rate?
P Type here to search
5:52 AM
2/2/2022
Transcribed Image Text:O a2 Entrepreneurship 11 Week Fabook File C/Users/arrow/Downloads/Q2-Entrepreneurship 11 Week-4-2.pdf 7 /11 100% 02-Entrepreneurship-11 Week-4-2.pdf 6. Jasmine's Sweet Desserts Sales Forecast: Actual Plajected 2018 2019 2020 2021 SALES Mango Sales- Float Sales- Chocolate Cake Gross Sales Sales Ret. Allowances & Sales Discounts Not Sales Discuss Questions: 1. How can sales forecasting help your friend Jasmine improve her cash-in-flow? 2. By looking at the forecasted sales suggest marketing or sales strategies to increase the projected growth rate? P Type here to search 5:52 AM 2/2/2022
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