When forecasting future sales based on the most recent years's total revenue growing at a revenue growth rate of of 21.85%, with the following years... Year 1 Sales = 209,098,000,000 Year 2 sales = 101,975,000,000 Year 3 sales = 187,879,000,000 Are you calculating it as Year 1 = 209,098 million x .2185 + 209,098,000,000 Year 2 = Year 1 sales answer x .2185 + 101,975,000,000 Year 3 = Year 2 sales answers x .2185 + 187,879,000,000
When
Year 1 Sales = 209,098,000,000
Year 2 sales = 101,975,000,000
Year 3 sales = 187,879,000,000
Are you calculating it as
Year 1 = 209,098 million x .2185 + 209,098,000,000
Year 2 = Year 1 sales answer x .2185 + 101,975,000,000
Year 3 = Year 2 sales answers x .2185 + 187,879,000,000
To forecast future sales based on previous revenues would be done as:
As the sales/revenues of year 1 is given, then so as to forecast the year 2 sales on the basis of year 1,
Considering the growth rate to be 21.85%
year 2 (forecast sale)
year 3 (forecast sale)
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