Budget Proposal Section Sales Forecast – Budgeting and forecasting
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August 16, 2020Tax Avoidance Among Multinational Companies: Transfer Pricing Academic Essay
August 16, 2020Budget Proposal Section Sales Forecast – Budgeting and forecasting
Budget Proposal Section Sales Forecast – Budgeting and forecasting
Order Description
first step is to create a sales forecast (in sales dollars) when no historical data is available. Use methods such as historical analogy, expert judgment, consumer surveys, the Delphi method, or calculations based on population distributions, estimated growth rates, or expected market penetration rates to arrive at reasonable sales figures for your business for the next 5 years.
Research the area in which your business is located, and do calculations in the Excel workbook which produce a reasonable dollar value forecast based on population size, growth rates, an estimate of the percent of the population expected to purchase your product, and the dollar value of the average sale over the 5 year planning horizon.
Do these calculations in the Section 2.1 and 2.2 tab of the Budget Proposal Workbook.xlsx.
