Learning Goal: I’m working on a finance project and need an explanation and answer to help me learn.
Assignment Details
Part A: Forecasting with the Percentage of Sales Method calculation:
Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast in a pro forma income statement. Tag-It’s CEO requested a report of a forecast with an increase in total revenue of 17% for next year. Prepare a forecast for next year utilizing the percentage of sales method, and complete the column in the forecast section on the Excel spreadsheet uploaded. The current income statement for Tag-It uploaded:
Part B: Analyze the growth rate in sales and the CEO’s prediction
Part C: Develop the CEO’s report with your findings.
Prepare a 5-page report that includes a pro forma forecast using the template provided and an analysis of Tag-It’s ability to hit the 17% increase in sales in a separate word document.
I have uploaded the word document template to complete the Unit 2 Individual Project.
The use of 1 scholarly source (e.g., textbook, article from the CEC Library) is required.
Be sure to show your analysis in a table in a word document. Answer the questions above as part of your analysis. The assignment is 5 pages minimum. The analysis can be one page of the analysis.
Submitting your assignment in APA format means, at a minimum, you will need the following:
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