Question: Question David, without any catering experience, opened The Prince Restaurant in April 2019. He made the sales forecast in April 2019 for the whole year

Question David, without any catering experience, opened The Prince Restaurant in April 2019. He made the sales forecast in April 2019 for the whole year of 2019 simply by referring to his rough estimation with no justification In June 2019, there were a slight decrease in the sales of two dishes, "Waldorf Salad and "Veal Curry with Rice" Davidoffered a special discount on these two items in July 2019 to boost up the sales In July 2019. food production was in trouble due to several cases of breakdown of second-hand refrigerators In July 2019, a new restaurant famous for pasta dishes, including Spaghetti Bolognaise HOC4109 Individual Assignment and Spicy Spaghetti with Anchovies, was opened in the same arca. During the summer sease, the weather was very unstable which caused natisfactory sales results. This was not expected by David The following shows the record of the sales forecast and the actual sales of The Prince Restaurant for the month of July 2019 720 504 The Prince Restaurant Sales Forecast and Actual Sales Record for the Month of 2019 Sales Forecast Actual Sales Variance (Portions) (Portices) Portion) (9) Appetizers Waldorf Salad 640 +240 +3735 Cold Seafood Platter 216 30.05 Fresh Oysters 480 160 -320 -66.75 Total 1840 1544 296 -16.15 Main Courses Spaghetti with Cheese 1600 9 6 -704 -44.05 Veal Curry with Rice NO 1248 +560 Seafood Spaghetti 400 -256 -64.0% Total 2800 2288 512 -18.3% a) Describe the sales result for the month of July 2019 (5 marks) b) Identify the causes of the variances between the sales forecast and the actual sales of the dishes. (10 marks) c) Specify how David can make a better sales forecast in the next year. (15 marks) Question David, without any catering experience, opened The Prince Restaurant in April 2019. He made the sales forecast in April 2019 for the whole year of 2019 simply by referring to his rough estimation with no justification In June 2019, there were a slight decrease in the sales of two dishes, "Waldorf Salad and "Veal Curry with Rice" Davidoffered a special discount on these two items in July 2019 to boost up the sales In July 2019. food production was in trouble due to several cases of breakdown of second-hand refrigerators In July 2019, a new restaurant famous for pasta dishes, including Spaghetti Bolognaise HOC4109 Individual Assignment and Spicy Spaghetti with Anchovies, was opened in the same arca. During the summer sease, the weather was very unstable which caused natisfactory sales results. This was not expected by David The following shows the record of the sales forecast and the actual sales of The Prince Restaurant for the month of July 2019 720 504 The Prince Restaurant Sales Forecast and Actual Sales Record for the Month of 2019 Sales Forecast Actual Sales Variance (Portions) (Portices) Portion) (9) Appetizers Waldorf Salad 640 +240 +3735 Cold Seafood Platter 216 30.05 Fresh Oysters 480 160 -320 -66.75 Total 1840 1544 296 -16.15 Main Courses Spaghetti with Cheese 1600 9 6 -704 -44.05 Veal Curry with Rice NO 1248 +560 Seafood Spaghetti 400 -256 -64.0% Total 2800 2288 512 -18.3% a) Describe the sales result for the month of July 2019 (5 marks) b) Identify the causes of the variances between the sales forecast and the actual sales of the dishes. (10 marks) c) Specify how David can make a better sales forecast in the next year. (15 marks)

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