JVA store serves an approximate 1,200 customers annually. These are the breakdown of its customers: Teens - 500 Middle Age - 450 Senior Citizen - 250 All customers spend an average of Php500.00 per visit. Assuming the customers visit CGK Store every 2 months, what is the projected annual market size for JVA Store? However, during the 3-month lockdown, salons are not allowed to operate. What is the projected loss in revenues for CGK Store?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 14EA: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is...
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JVA store serves an approximate 1,200 customers annually.
These are the breakdown of its customers:
Teens - 500

Middle Age - 450

Senior Citizen - 250

All customers spend an average of Php500.00 per visit.


Assuming the customers visit CGK Store every 2 months, what is the projected annual market size for JVA Store? However, during the 3-month lockdown, salons are not allowed to operate.
What is the projected loss in revenues for CGK Store?

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