Asked by Lanie Barnhill on Apr 24, 2024
Verified
The actual profit of $23,400 for the most recent fiscal quarter was 90% of the forecast profit. What was the forecast profit?
Fiscal Quarter
A three-month period within a fiscal year used for financial reporting and forecasting.
Forecast Profit
An estimate of future financial gain or income, usually based on analysis of current and past trends.
- Utilize percentages to determine the original value before an increase percentage-wise.
Verified Answer
MS
Learning Objectives
- Utilize percentages to determine the original value before an increase percentage-wise.