Show the sales forecasting, Financial Management

Assignment Help:

A niche market targets a well-defined and specific market segment. Firms that operate in niche markets will therefore cater for the precise and distinct needs of their customers. Distinctly mass markets, the client base for niche markets is relatively small. Yoshiko Travel Ltd. might be considered to operate in such a market because it tenders a specialised service to its rich Japanese clients who are fans of the English Premier League.
b) Sales (

000) Jan Feb Mar Apr May Jun
30 28 32 35 28 0
3-month moving averages 90 ÷ 3 = $30,000
95 ÷ 3 = $31,1667
95 ÷ 3 = $31,1667
63 ÷ 3 = $21,000

4 marks: Award 1 mark for every correctly worked out set of moving averages.
3 marks: If answers are correct but not expressed in

000 and/or there are minor omissions/errors.
1-2 marks: If there is no working work or / and two or more mistakes are made.
c) See graph

For maximum marks, the axes should be perfectly labelled. Deduct a mark for each error made.

1591_Show the sales forecasting.png

Note: The 3-month moving average could be intrigue as a time-series line.

d) Due to the large variations in sales (with a variance of $35,000 in April and zero sales in June), it is complicated to establish any underlying trend line by using the actual sales figures. The 3-month moving average does smooth out these variations to some extent, however.

During the football season, the range in sales is only $7,000 (from $28,000 to $35,000) and the firm is likely to be capable to manage this. Though, with no sales at the end of the football season Yoshiko Travel Ltd. will need to have plan in place to deal with a lack of cash inflow throughout such times, i.e. sales forecasting can help the firm to improve its monetary management. There are also probable to be some staffing issues during the off-peak football season.


Related Discussions:- Show the sales forecasting

No title, discuss the steps in the controlling process

discuss the steps in the controlling process

Expected monthly return, In this exercise you will construct efficient port...

In this exercise you will construct efficient portfolios with 5 risky assets using Excel's non-linear optimization routing "Solver". The questions are designed to be sequential and

Explain the concept of competitive advantage, There are dissimilar views on...

There are dissimilar views on how an organisation can gain competitive advantage, but contemporary research is placing greater emphasis on the resource-based view. Expl

Optimal cash model, Optimal Cash Model: Cash Management is a bigger as...

Optimal Cash Model: Cash Management is a bigger aspect that involves range of functions that assist individuals and business to process their payments and receipts in an organ

Describe a.i.g''s business model and structure, A.I.G. is often called the ...

A.I.G. is often called the largest insurance entity in the world. A.I.G.'s total assets were $860 billion on 12/31/2008 (dwarfing any other insurance entity) with 116,000 employees

Compounding or future value concept, Compounding or Future Value Concept: -...

Compounding or Future Value Concept: - Under this process of compounding the future worth of all cash inflows at the end of the time horizon at a particular rate of interest are fo

What are the failure of mergers and takeovers, Failure of mergers and tak...

Failure of mergers and takeovers Failure of mergers and takeovers Poor strategic plan will result in slow or failed integration. Integra

International finance problem, International Finance Problem Analyze th...

International Finance Problem Analyze the attached case, along the lines indicated by the Assignment questions listed at the end of the case.  Since you will have plenty of tim

Global Financial Management, how would you incorporate currency exchange ri...

how would you incorporate currency exchange risk into the capital budgeting process of foreign investment.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd