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Problem January $150,000 February 200,000 March 200,000 April 220,000 May 240,000 June 250,000 A lodging operation has a calendar business year. Room rates will increase
Problem January $150,000 February 200,000 March 200,000 April 220,000 May 240,000 June 250,000 A lodging operation has a calendar business year. Room rates will increase 5 percent starting March 1 next year. Management expects volume to increase 10 percent starting April 1 next year. Forecast the sales for the first six months of next year using the percentage method on last year's data as follows
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