Homework Help is Here – Start Your Trial Now!
Business
Accounting
Revenue, in billions of $ 240 230 220 210 200 190 180 170 160 A. $31.5 billion C. $33.0 billion 2015 2016 2017 2018 2019 Year The graph shows global revenue for televisions. A company has a 15% marketshare in 2019. What is an appropriate revenue projection for 2020? B. $34.5 billion D. $30.0 billion

Revenue, in billions of $ 240 230 220 210 200 190 180 170 160 A. $31.5 billion C. $33.0 billion 2015 2016 2017 2018 2019 Year The graph shows global revenue for televisions. A company has a 15% marketshare in 2019. What is an appropriate revenue projection for 2020? B. $34.5 billion D. $30.0 billion

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Help please and can provide correct answer
**Global Revenue Projection Analysis for Televisions** The graph displayed provides a visual representation of the global revenue generated from television sales over the years 2015 to 2019, with projections extending to 2022. The revenue is depicted in billions of dollars. **Graph Analysis:** - The x-axis indicates the years (2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022). - The y-axis represents the revenue in billions of dollars, with increments ranging from 160 to 240 billion dollars. Data points are marked for the years 2015 through 2019, showing a steady increase in revenue: - 2015: Approximately $165 billion - 2016: Approximately $175 billion - 2017: Approximately $185 billion - 2018: Approximately $195 billion - 2019: Approximately $210 billion A red trend line has been plotted to demonstrate the forecasted revenue trend from 2020 through 2022, suggesting continued growth in global television revenue. **Problem Statement:** A company with a 15% market share in 2019 seeks to project its revenue for the year 2020. Based on the trend observed in the graph, the expected global revenue for televisions in 2020 would be a crucial factor in making this projection. **Choices for 2020 Revenue Projection:** A. $31.5 billion B. $34.5 billion C. $33.0 billion D. $30.0 billion Educational Note: Using the graph, one can approximate the global revenue for 2020 and calculate 15% of that value to determine the company's revenue projection. The graph suggests the global revenue will continue to rise, providing an informative basis for making accurate financial projections. (Copyright © 2003 - 2022 International Academy of Science. All Rights Reserved.) --- Use this resource to understand the patterns in global television revenue and apply these trends to predict future financial outcomes for companies within this market.
Transcribed Image Text:**Global Revenue Projection Analysis for Televisions** The graph displayed provides a visual representation of the global revenue generated from television sales over the years 2015 to 2019, with projections extending to 2022. The revenue is depicted in billions of dollars. **Graph Analysis:** - The x-axis indicates the years (2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022). - The y-axis represents the revenue in billions of dollars, with increments ranging from 160 to 240 billion dollars. Data points are marked for the years 2015 through 2019, showing a steady increase in revenue: - 2015: Approximately $165 billion - 2016: Approximately $175 billion - 2017: Approximately $185 billion - 2018: Approximately $195 billion - 2019: Approximately $210 billion A red trend line has been plotted to demonstrate the forecasted revenue trend from 2020 through 2022, suggesting continued growth in global television revenue. **Problem Statement:** A company with a 15% market share in 2019 seeks to project its revenue for the year 2020. Based on the trend observed in the graph, the expected global revenue for televisions in 2020 would be a crucial factor in making this projection. **Choices for 2020 Revenue Projection:** A. $31.5 billion B. $34.5 billion C. $33.0 billion D. $30.0 billion Educational Note: Using the graph, one can approximate the global revenue for 2020 and calculate 15% of that value to determine the company's revenue projection. The graph suggests the global revenue will continue to rise, providing an informative basis for making accurate financial projections. (Copyright © 2003 - 2022 International Academy of Science. All Rights Reserved.) --- Use this resource to understand the patterns in global television revenue and apply these trends to predict future financial outcomes for companies within this market.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS