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 retum 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 Gross Sales Product Sizes Selling Price Quantity 1. Mango Float Small 20 tubs P 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs 2. Chocolate Cake Small 20 tubs 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs

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 retum 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 Gross Sales Product Sizes Selling Price Quantity 1. Mango Float Small 20 tubs P 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs 2. Chocolate Cake Small 20 tubs 30.00/tubs Medium P 50.00/tubs 20 tubs Large P 100.00/tubs 20 tubs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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