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?

Reference no: EM13583102

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  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

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