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how do you write a mangers report for this case stduy? The Kang Department Store suffered heavy damage when a hurricane struck on August 31.
how do you write a mangers report for this case stduy?
The Kang Department Store suffered heavy damage when a hurricane struck on August 31. The store was closed for four months (September through December), and Kang is now involved in a dispute with its insurance company about the amount of lost sales during the time the store was closed. Two key issues must be resolved: (1) the amount of sales Kang would have made if the hurricane had not struck and (2) whether Kang is entitled to any compensation for excess sales due to increased business activity after the storm. More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. Table 15.18 gives Kang's sales data for the 48 months preceding the storm. Table 15.19 reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Kang Department Store was closed. Kang's managers asked you to analyze these data and develop estimates of the lost sales at the Kang Department Store for the months of September through December. They also asked you to determine whether a case can be made for excess storm-related sales Chapter 15 Time Series Analysis and Forecasting during the same period. If such a case can be made. Kang is entitled to compensarion for excess sales it would have earned in addition fo ordinary sales. 100,5,6 Managerial Report Prepare a report for the managers of the Kang Departmeni Stoce that summarives your findings, forecasts, and recommendations, Inclode the following 1. An estimate of sales for Kang Department Store had there bect po hurricane 2. An estimate of countywide department store sales had thete bect no hurricane- 3. An estamate of lost sales for the Kang Department Store for Scptember through December In addition, use the counsywide actual departncat stares sales for September through December and the estimate in part. (2) to make a case for or apainst ctecss storm-related. salcs Step by Step Solution
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