Year-Four Forecast for C’Mon Back Restaurant The provided past three years of sales data has been examined and analyzed. A sales forecast for year- four has been prepared and is included in this report. The following chart illustrates the sales over the past three years. The above time series plot indicates that there is a seasonality aspect to the sales throughout the year at C’mon Back Restaurant. This corresponds with the data provided regarding monthly sales. By using regression and the seasonality index for each month, we can attempt to forecast future sales based on sales performance from the past. The total sales for the past 3 years in $1000s are as follows • Year 1: $2,106 • Year 2: $2,250 • Year 3: $2,399 A regression analysis …show more content…
An index number < 1 for the month indicates that month’s sales are generally lower than the average. The result is the following: Seas. Index 1.398075 1.293264 1.321688 1.023242 1.042783 0.797631 0.831384 0.865137 0.635973 0.724796 0.874019 1.192006 Jan Feb March April May June July Aug Sept Oct Nov Dec Year 4 Monthly Forecast Based on the seasonality factor for each month, the forecasted year-four monthly sales rounded to the dollar (in $1000s) are: Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Year 4 Forecast $296 $274 $280 $217 $221 $169 $176 $183 $135 $154 $185 $253 ***Sales in $1000’s and rounded to the nearest dollar for illustration purposes Forecasted sales for January of year four were calculated to be $296,469.70. The fact that actual sales equated to $295,000 indicates a forecast error of -$1,469.70. This difference is rather minimal and equates to an error of .498%. A forecast is an estimation of what to expect and is not exact. You should not be alarmed by this error, especially with it being so minimal. This forecast is a strong indication of the performance of your restaurant in the months to come. This forecast provided should provide you with a strong basis to plan for purchasing inventory and expected profit to be
In this project, you will modify a workbook for the HSP Computer Superstore to track the sales totals for 2011. You will use functions to calculate total sales, average sales, and median, minimum, and maximum sales values. Additionally, you will create a summary worksheet using values from the other spreadsheets in the workbook.
* Our company’s sales forecast has been based on performance from previous years along with market circumstances. We are looking at the future of the business objectively which we then can evaluate past to
The rise in revenue was rapid starting from the year of operations. The key period of business was from April to September were revenues were equal to 65% of total revenue as the product was seasonal. The basis of forecasting for the year 1981 & 1982 is the expectations of sales by Mr. Turner & Mr. Rose. It is given that total sales were $ 15.80 million in first half of year 1981 and the total sales in 1981 to reach $ 30 million. Profit after tax was expected to be $ 1 million for 1st half and we assumed for the next half, profit will be in proportion to first half & expected to be amounting to $ 0.90 million. For year 1982, the sales expectation by Mr. Rose was around more than $ 71 million &
In an attempt to improve this model, we attempt to do a multiple regression model predicting SALES based on CALLS, TIME, and YEARS.
Mr. Phimphrachanh wants to draw $100,000 from the business by the end of 2006. But based on his financial projections, the after tax net income is less than $100,000. Moreover, there are some other factors that he should consider.
The internal sales data showed that the business would need $45,000 in monthly revenue to break even. The sales forecast which have been prepared keep in mind a 65% gross margin, however, based on actual figure for 2009, this target has not been reached, and the forecasted sales have fallen.
This assumption is reasonable as the business has been shown to have different rates of sales in different months.
During performing the sales forecast for Victoria's Secret, I learned that for most part that Victoria's Secret has an incline in their profits. They have however hit a few bumps here and there. The causes of this could be more cost for Victoria's Secret purchasing materials and production of their products. Another reason for this could also be a slower rate in sales than usual. Like I said, for the most Victoria Secret has seen an incline in their profits and sales throughout the years. Performing the percentage of sales forecast for Victoria's Secret, I established a forecasted sales of 5 percent which means that they would have to have a sales of $2,808 compared to their last years $2,675. This is a very feasible number for Victoria Secret to achieve, considering that majority of their money in assets outweighs their liabilities.
I decided to conduct my field observation in the great state of Louisiana. I had a business trip to the party capital of the world, New Orleans. The bar scene was the perfect setting to observe a diverse group of people for a long period of time without bringing attention or suspicion to myself.
My most favorite of all time restaurants to dine at is The Cheesecake Factory. This restaurant is a famous corporate chain of restaurants that offers a widespread variety of all types of American dishes and of course specializes in the most amazing variety of the best tasting cheesecakes. I love the experience of dining at the Cheesecake factory because the atmosphere is so welcoming and the artwork on the ceilings make you feel very lavish, the food is great and the service is excellent. A particular visit last month proved to me that Cheesecake factory lives up to the expectations of its guests.
We will be using the seasonal trend above to forecast the 5 Saturday home game in 2011
* Here you should include a simple table showing the years and the total sales for each year, along with a brief explanation of why sales are expected to rise, fall, change, or stay the same in certain years. Provide a brief explanation of the sales forecast, indicating why you expect sales to rise or fall during the planning horizon. Your explanation should be consistent with the trends and changes in sales found in your table:
Once I stepped inside the restaurant I automatically could hear the music playing at a moderate level and the laughter of the customers. Right off the back the restaurant's ambiance had a positive vibe. Mindful, it was a Saturday late afternoon. Mary Jane Burger and Brew is a local restaurant trying to stay true to its past. The granddaughter of the original owner now runs the place with the intention of serving good quality food where the ingredients are fresh, mouth watering, and surely not filled with antibiotics and all that other genetically modified elements found in processed foods. The vintage, rustic looking place, holds a small town atmosphere with a big taste.
What are factors influence to customer purchase behavioral? How is good management system impact to employee performance delivery high quality service?