1 You have been asked to forecast the sales of your lead product over the next 2 years. You have access to salesfigures for the past 5 years. Using the sales forecasting spreadsheet and the numbers from the past 5 years,shown below, what are the expected sales in year 7?YearUnits Sold1100004512500110001000013000QUESTION 2According to your Average Total Cost Curve (ATC), average production costs per unit in the range of 14,000 unitsper year is $850 per unit. Marketing has decided the price should be $1000 per unit for the next 2 years. What isthe estimated Net Income from the production operations in Year 7, using your answer from question 1 on thisexam?

Sales forecasting is the process of anticipating future revenue by predicting how much goods or…

Answered: You have been asked to forecast the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Q1. As a result of Covid 19, your management has decided that some key yield management analytics be manipulated in order to ensure cashflow for the hotel to survival the turbulence. As a result, you have been asked by management to look into how you can manage at least 50% occupancy for the first quarter, then an increment of 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. The total rooms available in your hotel is 920, and management expect a base revenue of GHS85,000.00. The base revenue of GHS85,000.00 is expected to increase by 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. 1. Identify the two most important yield management analytics (measures) that must be considered, offering explanations to what they are in hotel management. 2. Apply the formulas of these two measures to provide the actual figures that you expect to operate with, indicating the step-by-step stages of your calculations for clarity to…

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