1. Business Communication

2. Agenda Sales Slips Balance Cash Register Percentages Growth Rates
Forecasting

3. Sales Slips

4. Sales Slips
Why do businesses prefer cash sales over credit card purchases?
No Chargebacks
Less risk of fraud
It costs the biz more money

5. Problem 5 Chairs 12.95/each Shipping and Handling $5.25
Sales tax rate 7%
What’s the total?

6. Managing Cash Drawer Count cash at beginning of day Add Receipts:
Checks
Credit Cards
Subtract Refunds
Subtract Starting Cash
=Receipts for Day

7. % 0.01 5 Percentages Growth Rates Interest Payments Markups Markdowns2
0.01 2 5

8. Growth Rate Month Sales Monthly Growth July $26,533 - August $26,710
September
$26,977
October
$27,397
November
$27,600
December
$28,202
Total
$163,419
August – July = August Increase
$26,710 - $26,533 = $177
August Increase ÷ July Sales = Percent increase
$ $26, = %

9. Growth Rate Month Sales Monthly Growth July $26,533 - August $26,710
0.7%
September
$26,977
1.0%
October
$27,397
1.6%
November
$27,600
December
$28,202
2.2%
Total
$163,419
6.2%
August – July = August Increase
$26,710 - $26,533 = $177
August Increase ÷ July Sales = Percent increase
$ $26, = %

10. Average Monthly Growth Rate
Total Growth Rate ÷ Number of Months = Average monthly Growth
÷ = %
Why is this number important?

11. Projecting Sales (Forecasting)
Can use avg. Monthly Sales to project future sales
Dec Sales x Growth Rate = Proj. Jan Increase
$28,202 x = $338
How else could you project Jan Sales?
Project the Next 3 months

12. Assignment Go to www.finance.yahoo.com
Forecast the stock price of 10 companies using their 3 year closing stock prices