### Use the table food and beverage sales for luigis italian

Assignment Help Accounting Basics
##### Reference no: EM13583102

Use the table "Food and Beverage Sales for Luigi's Italian Restaurant" to answer the questions below.

 Food and Beverage Sales for Luigi's Italian Restaurant (\$000s) Month First Year Second Year January 218 237 February 212 215 March 209 223 April 251 174 May 256 174 June 216 135 July 131 142 August 137 145 September 99 110 October 117 117 November 137 151 December 213 208

Part (a): Calculate the regression line and forecast sales for February of Year 3.
Part (b): Calculate the seasonal forecast of sales for February of Year 3.
Part (c): Which forecast do you think is most accurate and why?

### Write a Review

#### Problem regarding correction of errors

(a) Determine corrected net incomes for 2009, 2010, and 2011. (b) Give the entry to bring the books of the company up to date in 2012, assuming that the books have been closed for 2011.

#### It is found that when a particular 4-sided die is rolled a

it is found that when a particular 4-sided die is rolled a 1 occurs 22.8 of the time a 2 occurs 25.3 of the time a 3

#### Long-term and short-term basis

Suppose you believe that the economy is just entering a recession. Your firm must raise capital immediately, and debt will be used. Should you borrow on a long-term or a short-term basis? Why?

#### Serber inc which uses a volume-based cost system produces

serber inc. which uses a volume-based cost system produces cat condos that sell for 140 each. direct materials cost 23

#### Divedend yeild at the market close on february 19 2010

divedend yeild at the market close on february 19 2010 mcdonalds corporation has a closing stock price of 64.74. in

#### Compute the expected roi in 2013 for the home division

suppan manufacturing company manufactures a variety of tools and industrial equipment. the company operates through

#### Transactions on the assets-liabilities

Required: Show the effects of the below transactions on the assets, liabilities and owner's equity.

#### Investment related to transfers

Sarah and Emily form Red Corporation with the following investments: Sarah transfers computers worth \$200,000 (basis of \$80,000), while Emily transfers real estate worth \$180,000 (basis of \$40,000) and services (worth \$20,000) rendered in organizi..

#### Balance of the accumulated depreciation account

A change in estimate was made in 2011 to reflect these additional data. What amount should Wolverine record as the balance of the accumulated depreciation account for this machine at December 31, 2011?

#### Recognize gross profit upon delivery

Gunk Goblin sells vacuums and just launched a policy where customers have the right to return a vacuum during a three-year period following purchase.

#### If the fixed manufacturing costs were 42900 and the

on october 31 the end of the first month of operations morristown amp co. prepared the following income statement based

#### What is the increase or decrease in profits as a results of

what is the increase or decrease in profits as a results of purchasing the parts from the outside supplier rather than