Question: 6 . A firm performs its financial projections using excel. Sales for the year 2 0 2 4 were sh . 1 2 0 0

6. A firm performs its financial projections using excel. Sales for the year 2024 were sh.1200000. Sales are expected to increase at the rate of 10% per year up to (and including)2028 then decrease at the rate of 2% per year till 2032(inclusive). Cost of sales is 60% of sales. Purchases per year are sh.800000. Opening stock for 2024 was sh.90000. Opening stock in a year is closing stock for the immediate previous year. Gross profit is Sales less cost of sales. Cost of sales is opening stock added to purchases less closing stock. Make these entries to an excel worksheet, and hence make projections from 2024 to 2032.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!