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Savo Homework: Chapter 12 Homework Score: 0 of 1 pt 1 of 6 (0 completo) HW Score: 0%, 0 of 6 pts P12-1 (similar to) Question Help Sales forecasts. For the prior three years, sales for National Beverage Company have been $21.984,000 (2011). $23,107 000 (2012), and $23,935,000 (2013). The company uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 20137 What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? What was the sales growth rate for 2012? 0% (Round to two decimal places.) Fores View an Example X 013) ny us arowth B0 ex Question Help vast (Rour Sales forecasts. For the prior three years, sales for National Beverage Company have been $22,078,000 (2011). $22,882,000 (2012). and $24,154,000 (2013). The company uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? The growth rate is given by: number of years - 1 ending value beginning value The sales growth rate for 2012 was: $22,882,000 ga $22,078,000 - 1 = 0.0364 = 3.64% The sales growth rate for 2012 was 3.64% Press Continue to see more. Continue Close or your 4 parts remaining (Similar to) Question Hel s forec i View an Example any us growt Question Help at was the (Rour Sales forecasts. For the prior three years, sales for National Beverage Company have been $22,078,000 (2011). $22,882,000 (2012). and $24,154,000 (2013). The company uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? The sales growth rate for 2012 was 3.64%. The sales growth rate for 2013 was: $24,154,000 $22,882,000 - 1 = 0.0556 - 5.56% The sales growth rate for 2013 was 5.56% The two-year average sales growth rate is: g= ($24,154,000 9- $22,078,000 - 1 =0.0460 = 4.60% The two-year average sales growth rate is 4.60%. Press Continue to see more. Continue Close Enter your 2 parts remaining narts -1 (similar to) Question Help 1 View an Example X 01 forec any us growth he was the (Rour Question Help Sales forecasts. For the prior three years, sales for National Beverage Company have been $22,078,000 (2011). $22,882,000 (2012). and $24,154,000 (2013). The company uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? WEB yruwurmo TOY GUTU WOS J.JU. The two-year average sales growth rate is: g $24,154,000 $22,078,000 - 1 0.0460 = 4.60% The two-year average sales growth rate is 4.60%. The sales forecast is given by: sales forecast = previous year's sales x (1 + sales growth rate) The sales forecast for 2014 is computed as: sales forecast = $24,154,000 x (1 + 4.60%) = $25,265,084 The sales forecast for 2014 is $25,265,084. Question is complete er your Close All parts showing Sarts remaining