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Solve this problem. Be sure to show your calculations. A hospitality business forecasts $1,500,000 in revenue for the year.. Using previous data, the business also
Solve this problem. Be sure to show your calculations. A hospitality business forecasts $1,500,000 in revenue for the year.. Using previous data, the business also believes the total labor percentage of sales will be 27%. (6 pts) o What is the total dollar amount the business can spend in labor for the year? What is the dollar amount per week that can be spent? o What is the dollar amount per day that can be spent? Explain how a business forecasts sales/revenue. Give three specific examples. (6 pts) 0 . 1) What factors did you consider as you planned the schedule? 2) What difficulties did you have when writing the schedule? How did you resolve those? Post once and reply twice. Make sure all responses are meaningful and add to the discussion
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