List and describe some of the major factors and information sources typically used in sales forecasting.
Answer to relevant QuestionsDiscuss why financial budgets for merchandising companies are different from those for manufacturing companies.Mountain High makes and sells specialty mountain bikes. On June 30, the company had 50 bikes in finished goods inventory. The company’s policy is to maintain a bike inventory of 5 percent of the next month’s sales. The ...Hammonds Hammocks produces and sells top-of-the-line Brazilian-style hammocks. The company prepared a production budget for the second quarter of the year that revealed that required production is 15,000 hammocks for April, ...Many companies now employ just-in-time (JIT) techniques to reduce inventory and costs and to streamline their business processes. A company that uses JIT will need to modify its budget process to accommodate the change in ...Babcock Builders is a well-regarded construction company that serves as a general contractor for both residential and commercial construction projects. One of the company’s signature features is its cabinetry. The ...
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