Using a trend analysis from 2015 through 2018, predict the values for each category in 2019. (Carry out to 3 decimal places, i.e. 1.003%. Incorrect rounding at each step can skew your answer). Use this table for questions 1-5.

Using a trend analysis from 2015 through 2018, predict the values for each category in 2019. (Carry out to 3 decimal places, i.e. 1.003%. Incorrect rounding at each step can skew your answer). Use this table for questions 1-5.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please answer with detailed working and explanation

Using a trend analysis from 2015 through 2018, predict the values for each category in 2019.
(Carry out to 3 decimal places, i.e. 1.003%. Incorrect rounding at each step can skew your answer).
Use this table for questions 1-5.
Rounds
Golf Fees
F&B Sales
Merchandise
Sales
COGS
2015
2016
31,000 29,000 31,000
2017
62%
2018
$930,000 $900,000 $1,000,000 $1,100,000 ?
70%
33,000
$310,000 $300,000 $320,000 $350,000 ?
$150,000 $200,000 $230,000 $250,000
65%
2019
75%

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