A restaurant manager served 3,000 guests last January. For this coming January, they predict a decrease in guests served of 8.0%. What will be the number of guests this manager will forecast to serve this coming January? A. 2,240 B. 2,760 C. 3,760 D. 3,240
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- Management is planning to increase sales volume 3.75 percent and leave menu prices the same. Forecast food sales for months 1-3 this year by using the following historical information: Month Sales Volume Last Year Month 1 $140,000 Month 2 175,000 Month 3 190,0007. OfficeMart Inc. has "cash and carry" customers and credit customers. Office Mart estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 40% pay their accounts in the month of sale, while the remaining 60% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: April May June Month Projected sales $56,000 65,000 72,000 The Accounts Receivable balance on March 30 was $35,000. Prepare a schedule of cash collections from sales for April, May, and June.Management is planning to increase menu prices 4 percent and also expects a 3 percent increase in sales volume. Forecast food sales for months 1-3 by using the following historical information: Month Sales Volume Last Year Month 1 $140,000 Month 2 175,000 Month 3 190,000
- Management is planning to increase menu prices this year by 5 percent in Month 2 and another 3 percent in Month 4. Forecast food sales for months 1-6 this year by using the following historical information: Month Sales Volume Last Year Month 1 $140,000 Month 2 175,000 Month 3 190,000 Month 4 225,000 Month 5 265,000 Month 6 310,000OfficeMart Inc. has “cash and carry” customers and credit customers. OfficeMart estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 40% pay their accounts in the month of sale, while the remaining 60% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: Month Projected sales April $56,000 May 65,000 June 72,000 The Accounts Receivable balance on March 30 was $35,000. Prepare a schedule of cash collections from sales for April, May, and June.A company is preparing its production budget for the coming month. It expects to sell 4,875 units of its product. It starts the month with an inventory of 760 units and wants to increase its inventory by 30% during the the month. How many units does it need to produce during the month? O a. 4,750 O b.5,103 O C. 5,635 O d. 5,863
- QWE Inn has recorded the following number of rooms sold for the first quarter of the year: January 2100 February 2500 March 2550 Assume that you found an average monthly geometric rate of change in rooms sales from the month of January to March be equal to 5%. What would be your forecast of rooms sales for the month of April if sales are expected to continue increasing at the same rate?A company's sales for the nine months to 30 September are $2.5m. The sales forecast for the next three months is $500,000 in total. The company's budgeted sales for the year are $3.4m The company's CEO has a meeting with the sales manager to discuss plans to close the gap between the forecast and the original budgeted sales for the next quarter. What is this process an example of? Feedback control An activity-based budget A rolling budget Feed-forward controlThe CFO of an internet service provider gets the estimates of the company's sales forecast for the coming quarter (September, October, and November) as $120,000, $150,000, and $130,000, respectively. The collections team estimates that 20% of the customers pay in the month of the sales (Month 1) and get a discount of 2%, 70% of the customers pay in Month 2, and 10% of the customers pay in Month 3. The bad debt, as a percentage of the sales, is 2% and is written off after two months of the sale. What is the expected cash flow in November? Less $26,000 $130,000 $140,080 $143,000 YOUR ANSWER CORRECT ANSWER
- A July sales forecast projects that 8,000 units are going to be sold at a price of $9.00 per unit. Management forecasts 2% growth in sales each month. Total August sales are anticipated to be: Multiple Choice $72,000. $70,560. $74,880. $73.440. $68,000.The 100-room Delavan Inn's past three years of room sales for April are as follows: Rooms Room Year Sold ADR Revenues 20X1 2,100 $45 $94,500 20X2 2,130 47 100,110 20X3 2,160 49 105,840 Analyze the past performance and project sales for April 20X4. Assume that the trends of rooms sold and ADR continue for April of 20X4.Nickel City Arcade is forecasting its sales for its peak summer season. One important part of the total sales amount is the daily admissions fees. Nickel City has a maximum capacity of 600 people per day. Each person pays an admission fee of $5. Here are the expected usage rates during the months of June, July, and August. June 30 days 50% July 31 days 70% August 31 days 40% What is the total forecasted amount of admissions fees for the months June through August? $161,100 $158,900 $132,700 $147,300