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    Your Plan sales are projected to be $1,740,000, representing a 16% or $240,000 increase over the previous year. This increase is justified by having a wider variety of trendy products with higher markups to capitalize on last year's numbers as the improving economy and job market leads to more consumer and tourist spending. The profit from last year will also be used to expand marketing to create more brand awareness.

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    Your Plan sales are projected to be $1,740,000, representing a 16% or $240,000 increase over the previous year. This increase is justified by having a wider variety of trendy products with higher markups to capitalize on last year's numbers as the improving economy and job market leads to more consumer and tourist spending. The profit from last year will also be used to expand marketing to create more brand awareness.

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    17 views4 pages

    Worksheet 3

    Uploaded by

    api-324397954
    Your Plan sales are projected to be $1,740,000, representing a 16% or $240,000 increase over the previous year. This increase is justified by having a wider variety of trendy products with higher markups to capitalize on last year's numbers as the improving economy and job market leads to more consumer and tourist spending. The profit from last year will also be used to expand marketing to create more brand awareness.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    SALES INCREASE / DECREASE

    Your Plan: $1,740,000

    Percentage increase or decrease

    Dollar increase or decrease

    16.00%

    240,000.00

    Justification
    By having a wider variety of product, and raising our markup we will be able to capitalize on last years
    numbers. As the economy and unemployment improve, consumers will be spending more money, especially
    on items we specifically source to follow current trends. Along with this, the tourist market will be higher as
    families taking vacations will continue to rise with the excess expenditure possibilities. We plan on
    expanding our marketing position with the profit from last year, creating elevated awareness of our store
    and brand.

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