Question
You have just been hired by Visions, Inc., a company specializing in providing virtual reality experiences of perfect dates. Part of your new job is
You have just been hired by Visions, Inc., a company specializing in providing virtual reality experiences of perfect dates. Part of your new job is to come up with a promotional budget for Year 6, assuming that Year 5 just ended. You know that the company is willing to spend 6% of sales on advertising, 4% on sales promotions, 11% on personal selling, and 2% on public relations. You also know that the company is selling their dates for $79.92 and it is willing to spend $4.75 on per unit on advertising, $3.50 on sales promotions, $13.50 on personal selling, and $1.85 on public relations. The company has also provided the following historical sales information to help you in your forecasting and budgeting efforts.
Year Sales Weight
1 $777,000 .2
2 $489,000 .5
3 $1,110,000 .1
4 $821,000 .1
5 $799,000 .1 .
6 ? 1.0
Referring to the information for the previous item and using the weighting method, what is the sales forecast for Year 6?
Group of answer choices
$789,075
$799,200
$682,660
$672,900
None of the above
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