Needs to be at least 200 words with one reference. You are the owner of a book store. Given the… 1 answer below »

Needs to be at least 200 words with one reference.

You are the owner of a book store. Given the information below, generate a Business Forecast for your book store for the coming year. Answer the following 2 questions:

1) In the next year, what is your projection for income, projection for employees needed and projection of number of books to order. Tell us what method you used to arrive at your figures.

2) Almost 50% of your sales occur near the holidays – October through December. What effect does this have on your inventory – and why? What should you do?

YearTotal SalesNumber of employeesNumber of books sold3 years ago$1,200,000678,5322 years ago$1,984,0008132,308Last year$1,485,000799,536This year????????