Geographic 2007 NAICS area name code Meaning of 2007 NAICS Year code Number of e
ID: 2643004 • Letter: G
Question
Geographic 2007 NAICS area name code
Meaning of
2007 NAICS Year
code
Number of establishments
Sales ($1,000)
Annual payroll ($1,000)
First-quarter payroll ($1,000)
Number of paid employees for pay period including March 12
United States
448120
Women's clothing stores
2007
36,220
39,463,349
5,100,737
1,217,607
339,798
Tennessee
448120
Women's clothing stores
2007
684
566,533
70,968
16,711
5,666
a. The difference in 2007 Women
Geographic 2007 NAICS area name code
Meaning of
2007 NAICS Year
code
Number of establishments
Sales ($1,000)
Annual payroll ($1,000)
First-quarter payroll ($1,000)
Number of paid employees for pay period including March 12
United States
448120
Women's clothing stores
2007
36,220
39,463,349
5,100,737
1,217,607
339,798
Tennessee
448120
Women's clothing stores
2007
684
566,533
70,968
16,711
5,666
Explanation / Answer
Women's Clothing Store Sales for 2007 for Tennessee = $ 566,533,000
Compounded sales growth rate = 4% per year
Growth rate per year means the sales in 2007 will increase per year by 4% that is if the sales in 2007 was $ 566,533,000 then in 2008 it will be = $ 566,533,000 * 104% = $ 589,194,320 and thus in 2009 it will be = $ 612,762,092.80
Therefore, in 2015 budgeted sales will be = $ 566,533,000 * (1.04) ^ 8 = $ 775,339,529.80
Hence, sales per establishment in 2015 = $ 775,339,529.80 / 684 = $ 1,133,537.32
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