JVA store serves an approximate 1,200 customers annually. These are the breakdown of its customers: Teens - 500 Middle Age - 450 Senior Citizen - 250 All customers spend an average of Php500.00 per visit. Assuming the customers visit CGK Store every 2 months, what is the projected annual market size for JVA Store? However, during the 3-month lockdown, salons are not allowed to operate. What is the projected loss in revenues for CGK Store?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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JVA store serves an approximate 1,200 customers annually.
These are the breakdown of its customers:
Teens - 500

Middle Age - 450

Senior Citizen - 250

All customers spend an average of Php500.00 per visit.


Assuming the customers visit CGK Store every 2 months, what is the projected annual market size for JVA Store? However, during the 3-month lockdown, salons are not allowed to operate.
What is the projected loss in revenues for CGK Store?

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