The formula to calculate the Projected Income (PI) is:
\[ PI = ES \times PPP \]
Where:
A projected income is a type of revenue projection that estimates how much a person or company will earn based on a certain number of sales. Projected incomes are used in forecasting, budgeting, and planning.
Consider an example where:
Using the formula to calculate the Projected Income:
\[ PI = 1,000 \times 50 = 50,000 \]
This means that the projected income for this example is $50,000.