Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Ask your questions and receive precise answers from experienced professionals across different disciplines. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

You are the sales forecaster for a computer store that has nine locations. The stores depend on your projections of future sales in order to make decisions on staffing, advertising, purchasing, and the like. All stores are similar in size and merchandise selection. However, sales vary by location due to geographic considerations, differing customer-bases, and random fluctuations. Sales for 2006 were as follows:
Store 2006 2008
One $12,000,000
Two 11,500,000
Three 11,000,000
Four 10,500,000
Five 10,000,000
Six 9,500,000
Seven 9,000,000
Eight 8,500,000
Nine 8,000,000
Your economic forecasting service has estimated that total sales between 2006 and 2008 should increase by 10% (equivalent to $99,000,000). Your task is to predict 2008 sales for each store. Since your manager believes strongly in the economic forecasting service, it is imperative that your total sales equal $99,000,00

Sagot :

anthougo

Answer:

A Computer Store

Prediction of 2008 Sales

Store              2006      Predicted 2008 Sales

One       $12,000,000     $13,200,000

Two          11,500,000        12,650,000

Three       11,000,000         12,100,000

Four        10,500,000         11,550,000

Five         10,000,000         11,000,000  

Six            9,500,000         10,450,000

Seven      9,000,000          9,900,000

Eight        8,500,000          9,350,000

Nine        8,000,000           8,800,000

Total   $90,000,000     $99,000,000

Explanation:

a) Data and Calculations:

Estimated increase in total sales between 2006 and 2008 = 10%

Total Sales in 2006 = $90,000,000

Total Sales in 2008 = $99,000,000 ($90,000,000 * 1.1)

Store              2006          Predicted 2008 Sales

One       $12,000,000    $13,200,000 ($12,000,000 * 1.1)

Two          11,500,000       12,650,000 ($11,500,000 * 1.1)

Three       11,000,000        12,100,000 ($11,000,000 * 1.1)

Four        10,500,000        11,550,000 ($10,500,000 * 1.1)

Five         10,000,000        11,000,000 ($10,000,000 * 1.1)

Six            9,500,000        10,450,000 ($9,500,000 * 1.1)

Seven      9,000,000         9,900,000 ($9,000,000 * 1.1)

Eight        8,500,000         9,350,000 ($8,500,000 * 1.1)

Nine        8,000,000          8,800,000 ($8,000,000 * 1.1)

Total   $90,000,000    $99,000,000 ($90,000,000 * 1.1)

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.