Question
Case: Lukes Diner has planned sales of $365,000 for the upcoming spring/summer season. This is a 4% sales increase that could be attained this year
Case: Lukes Diner has planned sales of $365,000 for the upcoming spring/summer season. This is a 4% sales increase that could be attained this year due to the introduction and addition of a new gourmet coffee line. The turnover goal for the season is 1.8. Reductions are planned to come in at 11%, Operating Expenses at 44%, cash discounts of 0.7% and a profit for the department of 5.5%. Please show your work. Total 100pts.
Month (Spring/Summer Season) | % of Seasons Sales | % of Seasons Reductions |
February | 14% | 12% |
March | 12% | 14% |
April | 21% | 17% |
May | 24% | 21% |
June | 17% | 24% |
July | 12% | 12% |
Your task is to prepare a merchandise budget plan for Lukes Diner.
- Total Seasonal Sales Forecast (2pts) = $____________________________________________
- Total LY Seasons Sales (2pts) = $_________________________________________________
- Monthly Sales Forecast Breakdown for the Season (6pts)
Month (Spring/Summer Season) | % of Season Sales | Monthly Sales Forecast TY |
February |
|
|
March |
|
|
April |
|
|
May |
|
|
June |
|
|
July |
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started