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In order to annualize the sales figure, take your sales for the past five months and multiply it by 12/5. The general formula looks like this: Earnings X 12/(# of months your earnings figure is based on)

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Q: How can you annualize sales figures from five months of actual sales history?
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How can you annualized a sales figure if it only has 5 months of actual sales?

Calculate the total sales figures for the current year to date and divide that by the method most similar to your sales reporting cycle. The result is your average sales for the cycle. Then multiply your average cycle sales figure by the units required to equal a year.


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What is the difference between actual costs and planned costs?

When setting out a cost budget you are using an estimated figure of what X will cost in the next Y months. This figure is not plucked out of the sky but calculated on prices at the time of budget creation plus addition % to cover the chances of inflation. When you reach the point of that expenditure it may be found that the cost will be (1) As calculated (2) Higher than calculated (3) Lower than calculated 1,2, and 3 are the ACTUAL costs and can be compared against the Planned Cost data. Where the actual meets options 1 and 3 then the cost will normally be accepted. where the actual is option 2 then a review is undertaken to establish the need to allow the cost, reevaluated the need for the cost or to reject the expenditure outlay. the actuals are recorded against the planned so that a historic pattern for the next planning term is used. It will also serve to inform the business plan of issues in future cost controls


Worked as a clerk of period of six months in private firm is it correct?

i worked as a clerk for a period of six months in a private firm .


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15 Months until it is "stale"See Cheques Act 1986 Cth

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Annualizing means to project a full year's financial figures based on partial year's income statement. For example, if you have financials statements for January-March, then you have only 1/4 of the year. You will need to take each individual line item in the financial statement and multiply by 4 to reach what the total for 12 months would be. If you have 5 months of data, you need to divide by 5 to determine what it would be for one month and then multiply that number by 12 to estimate what that item would be for 12 months. This can only be done for income statements NOT balance sheets.


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What do you mean "actual answer not 12". There ARE 12 months in a year as months and years are defined in the context of the earth's orbit around the sun.


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