Ask Question
BusinessBusiness
28 December, 02:41

You are trying to forecast coffee sales for the holiday season. You sold 1,500 cups of coffee during the holidays last year, but your overall sales for coffee this year are tracking 20% behind last year. If you have limited promotional dollars, what is a realistic total demand forecast for coffee sales during this holiday season?

+5
Answers (1)
  1. 28 December, 02:55
    0
    1,200 cups of coffee. Since your sales has been 20% lower than last year and you don't have any significant funds to additional advertising or promotions, you can expect your holiday sales to also be 20% lower than last year. So you expect to sell 100% - 20% = 80% of many coffee sales. So 0.80 * 1500 = 1200 So a realistic expectation for this year is 1,200 cups of coffee.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are trying to forecast coffee sales for the holiday season. You sold 1,500 cups of coffee during the holidays last year, but your ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Uptown Cleaners is being liquidated. The building has been sold for a net of $670,000 but the mortgage due is $738,000. The remaining assets were sold with net proceeds of $154,000.
Answers (1)
A company overstated its ending inventory in Year 1 by $60,000. The error was not discovered until Year 3. No errors were made in Year 2.
Answers (1)
Historically, why were high inflation rates associated with high nominal interest rates? A. High inflation leads to a decrease in purchasing power and thus increases the attractiveness of investment over consumption in the short term. B.
Answers (1)
When should you establish objectives for your risk management plan cource hero?
Answers (1)
The person who signs a note receivable and promises to pay the principal and interest is the:
Answers (1)
New Questions in Business
Beaver Construction purchases new equipment for $38,160 cash on April 1, 2018. At the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end.
Answers (1)
Identify an advantage of working in teams. O A. Strong work ethics O B. Less wasted time O C. More ideas O D. Less skills SUBI
Answers (2)
Identify the major task that must be mastered in early adulthood, according to levinson.
Answers (1)
Ctual total factory overhead incurred $ 28,175 Standard factory overhead: Variable overhead $ 3.10 per unit produced Fixed overhead ($12,000/12,000 predicted units to be produced) $ 1 per unit Predicted units produced 12,000 units Actual units
Answers (1)
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $800 and $400, respectively.
Answers (1)
Home » Business » You are trying to forecast coffee sales for the holiday season. You sold 1,500 cups of coffee during the holidays last year, but your overall sales for coffee this year are tracking 20% behind last year.
Sign Up Forgot Password?