Sales Price $120,000 $110,000 I $100,000 $90,000 $80,000 Time (Year): 2014 2015 2016 | 2015 2016 2017 2017 2018 2019 2020 Data for the case: You have collected a data set with the average sales price over the past few years and assembled it into the table shown below. Year: 2014: Revenue: $80,000 Year: 2015: Revenue: $90,000 Year: 2016; Revenue: $95,000 Year: 2017; Revenue: $100,000 Year: 2018; Revenue: $115,000 Year: 2019; Revenue: $110,000 Year: 2020; Revenue: ?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Estimate the forecasted sales price value for the year 2020


$85,000
$120,000
$105,000
$95,000
 
 
 
Sales Price
$120,000
$110,000 I
$100,000
$90,000
$80,000
Time (Year): 2014 2015 2016
|
2015 2016 2017
2017 2018 2019 2020
Data for the case:
You have collected a data set with the average sales price over the past few years and assembled it
into the table shown below.
Year: 2014: Revenue: $80,000
Year: 2015: Revenue: $90,000
Year: 2016; Revenue: $95,000
Year: 2017; Revenue: $100,000
Year: 2018; Revenue: $115,000
Year: 2019; Revenue: $110,000
Year: 2020; Revenue: ?
Transcribed Image Text:Sales Price $120,000 $110,000 I $100,000 $90,000 $80,000 Time (Year): 2014 2015 2016 | 2015 2016 2017 2017 2018 2019 2020 Data for the case: You have collected a data set with the average sales price over the past few years and assembled it into the table shown below. Year: 2014: Revenue: $80,000 Year: 2015: Revenue: $90,000 Year: 2016; Revenue: $95,000 Year: 2017; Revenue: $100,000 Year: 2018; Revenue: $115,000 Year: 2019; Revenue: $110,000 Year: 2020; Revenue: ?
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