The Bestseller Wardrobe Wholesale has just wrapped up the 2021 fiscal year of operations. As with...

 

  

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The Bestseller Wardrobe Wholesale has just wrapped up the 2021 fiscal year of operations. As with all businesses, revenues, costs, and expenses are forecasted to change in 2022. Top management needs to know the impact of these changes on its 2022 operations. This is best completed by performing a year-over-year analysis of 2022 to 2023. The Data: This table shows the financial figures for three of the company's operating divisions. All figures are in Thousands of $$ Sales Revenue Cost of Goods Sold Sales and Marketing General & Administrative Payroll Important Information Three Operating Divisions Sporting Good $11,555 $9,585 $582 $49 $269 Outdoor Goods $101,11 $6,154 Operating Expenses $485 $35 $326 • All variable costs are accounted for in the cost of goods sold. • All operating expenses are treated as fixed costs. The table below shows the percent changes forecast for 2022. Indoor goods $5,200 $3,531 $356 $42 $184 Sales Revenue Cost of Goods Sold Sales and Marketing General &Administrative Sales Revenue Cost of Goods Sold Sales & Marketing General & Administrative Sporting Good Payroll Three Operating Divisions +8% Total Fixed Cost (TFC) +4% +6% -2% +2.1% Outdoor Goods Sporting Goods +4% Make necessary changes to numbers for 2022 and create the new table +6% Operating Expenses Payroll Forecast the changes for the 2022 operating year to help management understand how the business is changing. Operating Expenses 0% +1.5% For each division, calculate the forecasted net income, total contribution margin, and contribution rate. Express these figures as a percentage of the 2021 numbers. +3.5% Indoor goods -2.3% +2.1% +3% +2% +2.5% Three Operating Divisions Outdoor Clothing Net Income: Total Revenue (TR) Total Fixed Cost (TFC) Total Variable Cost (TVC) TOTAL COST (TC) Net Income (NI) As% (N12022/N12021)X100 Total Contribution Margin = n(CM) NI S Sporting Goods TFC S n(CM) S As% TR Contribution Rate Sporting Goods N(CM) S Sporting Goods Outdoor Clothing Outdoor Clothing Outdoor Clothing Indo Indo Contribution Rate N(CM) TR CR As % Sporting Goods 8 Outdoor Clothing $ $ % Indo % The Bestseller Wardrobe Wholesale has just wrapped up the 2021 fiscal year of operations. As with all businesses, revenues, costs, and expenses are forecasted to change in 2022. Top management needs to know the impact of these changes on its 2022 operations. This is best completed by performing a year-over-year analysis of 2022 to 2023. The Data: This table shows the financial figures for three of the company's operating divisions. All figures are in Thousands of $$ Sales Revenue Cost of Goods Sold Sales and Marketing General & Administrative Payroll Important Information Three Operating Divisions Sporting Good $11,555 $9,585 $582 $49 $269 Outdoor Goods $101,11 $6,154 Operating Expenses $485 $35 $326 • All variable costs are accounted for in the cost of goods sold. • All operating expenses are treated as fixed costs. The table below shows the percent changes forecast for 2022. Indoor goods $5,200 $3,531 $356 $42 $184 Sales Revenue Cost of Goods Sold Sales and Marketing General &Administrative Sales Revenue Cost of Goods Sold Sales & Marketing General & Administrative Sporting Good Payroll Three Operating Divisions +8% Total Fixed Cost (TFC) +4% +6% -2% +2.1% Outdoor Goods Sporting Goods +4% Make necessary changes to numbers for 2022 and create the new table +6% Operating Expenses Payroll Forecast the changes for the 2022 operating year to help management understand how the business is changing. Operating Expenses 0% +1.5% For each division, calculate the forecasted net income, total contribution margin, and contribution rate. Express these figures as a percentage of the 2021 numbers. +3.5% Indoor goods -2.3% +2.1% +3% +2% +2.5% Three Operating Divisions Outdoor Clothing Net Income: Total Revenue (TR) Total Fixed Cost (TFC) Total Variable Cost (TVC) TOTAL COST (TC) Net Income (NI) As% (N12022/N12021)X100 Total Contribution Margin = n(CM) NI S Sporting Goods TFC S n(CM) S As% TR Contribution Rate Sporting Goods N(CM) S Sporting Goods Outdoor Clothing Outdoor Clothing Outdoor Clothing Indo Indo Contribution Rate N(CM) TR CR As % Sporting Goods 8 Outdoor Clothing $ $ % Indo %

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