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Because of his education and work experience, Nimesh was recently hired as a Food & Beverage Supervisor by the Bombay Adventure Restaurant. One of his first tasks is to forecast his operation's sales for the next six months based on the following information. Month January February March April May June Sales last year $40,000 46,000 39,000 42,000 41,000 50,000 Estimated % Increase in Sales (3) 2.0% 4.0 3.0 2.5 2.0 3.0 Estimated $ Increase in Sales (2) Six-Month (Jan-Jun) (1) What is the total revenue forecast for the six-month period? (4 points) Total Revenue Forecast (1) (2) What is the total estimated dollar increase in sales for the six month period? (2 points) (3) What is the weighted average percentage increase in sales for the six-month period? (2 points) Because of his education and work experience, Nimesh was recently hired as a Food & Beverage Supervisor by the Bombay Adventure Restaurant. One of his first tasks is to forecast his operation's sales for the next six months based on the following information. Month January February March April May June Sales last year $40,000 46,000 39,000 42,000 41,000 50,000 Estimated % Increase in Sales (3) 2.0% 4.0 3.0 2.5 2.0 3.0 Estimated $ Increase in Sales (2) Six-Month (Jan-Jun) (1) What is the total revenue forecast for the six-month period? (4 points) Total Revenue Forecast (1) (2) What is the total estimated dollar increase in sales for the six month period? (2 points) (3) What is the weighted average percentage increase in sales for the six-month period? (2 points)
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To calculate the total revenue forecast for the sixmonth period the total estimated dollar increase in sales and the weighted average percentage incre... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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