Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,033,000 square feet for sales revenues of $9,645,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 9 new malls are under construction with an average size of 4,487,000 square feet. What is Nelson's anticipated sales revenue for the coming year? Hints: Make sure to round all intermediate calculation to at least five decimal places. What is Nelson's anticipated sales revenue? (Round to the nearest dollar.)
Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,033,000 square feet for sales revenues of $9,645,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 9 new malls are under construction with an average size of 4,487,000 square feet. What is Nelson's anticipated sales revenue for the coming year? Hints: Make sure to round all intermediate calculation to at least five decimal places. What is Nelson's anticipated sales revenue? (Round to the nearest dollar.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The
company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections.
The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,033,000
square feet for sales revenues of $9,645,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 9 new malls are
under construction with an average size of 4,487,000 square feet. What is Nelson's anticipated sales revenue for the coming year?
Hints: Make sure to round all intermediate calculation to at least five decimal places.
What is Nelson's anticipated sales revenue?
(Round to the nearest dollar.)
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