1) Use the data of DELL Inc. The firm forecasted its 2022 sales using the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
1) Use the data of DELL Inc. The firm forecasted its 2022 sales using the average growth rate on sales for the last tow years. Cost of goods sold and Selling/General/Administrative expenses will change with sales in the same proportion as the five-year mean percentage of sales (Use the Average function.) Accounts receivable, inventory, prepaid expenses, accounts payable, and accrued expenses will change with sales in the same proportion as the Two-year arithmetic average percentage of sales. All other financial statement items are expected to remain constant in 2022. The expected 2012 tax rate will be 35%.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
