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Rinse and repeat. Sometimes literally.
⏲ 11:7 👁 100K
Kitchen Faucet
⏲ 10 minutes 1 second 👁 633
Review Infinite
⏲ 7 minutes 22 seconds 👁 6.6K
Special Counsel Jack Smith has criticized Judge Aileen Cannon's approach to the classified documents case against former President Donald Trump, calling it \
⏲ 0:47 👁 60K
Javier Mora
⏲ 1 minute 30 seconds 👁 63
Diana Schaefer
⏲ 2 minutes 9 seconds 👁 6
IT competence, problem-solving, ability to work with others - those are among the top skills most sought after by employers, according to a recent survey done by the University of the West Indies. The UWI is also working on an exercise with the government to determine which industries have skill gaps, so as to better align its offerings with the current job market. Rynessa Cutting has more from UWI's World of Work programme, sponsored by Republic Bank.
⏲ 2:51 👁 40K
The Grumpy Plumber
⏲ 3 minutes 31 seconds 👁 27.6K
Eduardo Nasimento
⏲ 4 minutes 25 seconds 👁 19
Forecasting sales-based expenses involves predicting the expenses that are directly tied to the level of sales a business generates. These expenses typically include costs such as commissions, advertising, marketing, and sometimes production costs that vary directly with sales volume. Here's a step-by-step guide on how to forecast sales-based expenses:<br/><br/>Understand Historical Data: Review historical sales data and corresponding expenses to identify patterns and trends. Look for correlations between sales volumes and related expenses.<br/><br/>Identify Key Drivers: Determine the key factors that drive sales-based expenses. This could include sales volume, market trends, promotional activities, seasonality, and any other factors that directly impact expenses.<br/><br/>Develop Sales Forecasts: Generate sales forecasts based on a combination of historical data, market research, industry trends, and internal factors such as marketing strategies and sales projections. Use quantitative methods like time-series analysis, regression analysis, or qualitative methods like expert opinions and market research to forecast sales.<br/><br/>Estimate Expense Ratios: Calculate expense ratios by analyzing historical data to determine the percentage of sales that each expense category typically represents. For example, if historically marketing expenses have been 10% of sales, you can use this ratio to estimate future marketing expenses based on forecasted sales.<br/><br/>Adjust for Changes: Consider any changes in business operations, market conditions, or other factors that may impact sales-based expenses. Adjust your expense ratios accordingly to reflect these changes in your forecasts.<br/><br/>Review and Refine: Regularly review and refine your forecasts based on actual sales performance and expenses. Compare your forecasts to actual results and identify any discrepancies. Use this information to improve the accuracy of future forecasts.<br/><br/>Scenario Analysis: Conduct scenario analysis to assess the potential impact of different sales scenarios on expenses. This allows you to prepare for various outcomes and make informed decisions based on different sales projections.<br/><br/>Communication and Collaboration: Ensure collaboration between sales, marketing, finance, and other relevant departments to gather insights and validate assumptions. Effective communication helps in aligning expectations and improving the accuracy of forecasts.<br/><br/>By following these steps and employing both quantitative and qualitative methods, businesses can develop more accurate forecasts for sales-based expenses, enabling better financial planning and decision-making.
⏲ 4:22 👁 40K
Kitchen Maniac
⏲ 5 minutes 49 seconds 👁 1.7K
Freshnss
⏲ 1 minute 3 seconds 👁 380
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