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Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal: (Noteshaper Scenarios #31) Month Year 1 Year 2 Year 3 Year 4 Avg Monthly January 75 76 95 117 90.6 February 48 34 34 52 42.0 March 35 48 12 56 37.8 April 22 34 35 29.0 May 2 12 1 5.3 June 3 5 10 5.0 July 28 33 35 28 31.0 August 145 98 109 120 118.2 September 181 197 162 145 171.1 October 190 201 220 180 197.8 November 100 101 110 98 102.3 December 81 70 87 88 81.6 Total 910 904 913 920 a) What is the value of the seasonal relative for July and December? b) Block Commodities believes that next year it will deliver 1,200 tons of rock salt (up from the approximately 900 delivered in past years). Using the seasonal relatives, forecast the demand in tons of rock salt for May and October of next year. 25 2. m 00

Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal: (Noteshaper Scenarios #31) Month Year 1 Year 2 Year 3 Year 4 Avg Monthly January 75 76 95 117 90.6 February 48 34 34 52 42.0 March 35 48 12 56 37.8 April 22 34 35 29.0 May 2 12 1 5.3 June 3 5 10 5.0 July 28 33 35 28 31.0 August 145 98 109 120 118.2 September 181 197 162 145 171.1 October 190 201 220 180 197.8 November 100 101 110 98 102.3 December 81 70 87 88 81.6 Total 910 904 913 920 a) What is the value of the seasonal relative for July and December? b) Block Commodities believes that next year it will deliver 1,200 tons of rock salt (up from the approximately 900 delivered in past years). Using the seasonal relatives, forecast the demand in tons of rock salt for May and October of next year. 25 2. m 00

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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7. Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal: (Noteshaper Scenarios #31) Month Year 1 Year 2 Year 3 Year 4 Avg Monthly January 75 76 95 117 90.6 February 48 34 34 52 42.0 March 35 48 12 56 37.8 April 22 34 35 25 29.0 May 2 12 1 5.3 June 3 10 5.0 July 28 33 35 28 31.0 August 145 98 109 120 118.2 September 181 197 162 145 171.1 October 190 201 220 180 197.8 November 100 101 110 98 102.3 December 81 70 87 88 81.6 Total 910 904 913 920 a) What is the value of the seasonal relative for July and December? b) Block Commodities believes that next year it will deliver 1,200 tons of rock salt (up from the approximately 900 delivered in past years). Using the seasonal relatives, forecast the demand in tons of rock salt for May and October of next year.
Transcribed Image Text:7. Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal: (Noteshaper Scenarios #31) Month Year 1 Year 2 Year 3 Year 4 Avg Monthly January 75 76 95 117 90.6 February 48 34 34 52 42.0 March 35 48 12 56 37.8 April 22 34 35 25 29.0 May 2 12 1 5.3 June 3 10 5.0 July 28 33 35 28 31.0 August 145 98 109 120 118.2 September 181 197 162 145 171.1 October 190 201 220 180 197.8 November 100 101 110 98 102.3 December 81 70 87 88 81.6 Total 910 904 913 920 a) What is the value of the seasonal relative for July and December? b) Block Commodities believes that next year it will deliver 1,200 tons of rock salt (up from the approximately 900 delivered in past years). Using the seasonal relatives, forecast the demand in tons of rock salt for May and October of next year.
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