•Total sales revenue in Quarter 2 decreased by $10 million compared to Quarter 1.Sales revenue in the East was $78 million in Quarter 1.Sales revenue in the West increased by $46 million from Quarter 1 to Quarter 2.QuestionArrange the sales revenue (in '000,000s) by quarter and the percentages in the East and West regions.$160$120$80$4012050%50%8050%50%5 of 7

Sales revenue indicates the revenue generated by the company by selling goods during a specific…

Answered: • Total sales revenue in Quarter 2…

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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State why forecasting is important for airlines industry ?
Week Two Years Agc Last Year Using data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks of data 8 2 4 45 3 4 7 Using data in columns A-C create a forecast using Linear Regression 4 7 49 5 10 33 6 29 10 Which forecast method is the best? How do you know that method is the best? 7 38 7 8. 8 9 9 44 10 6 11 46 43 12 48 3 13 9 14 8. 47 15 1 5 16 9 41 17 38 6. 18 46 4 19 45 32 20 10 39 21 8 2 22 7 9 23 38 42 24 33 37 25 1 26 27 49 1 28 36 5 29 1 8. 30 4 31 46 42 32 38 33 14 36 34 43 8. 35 3 39 36 37 27 50 38 6 39 2 49 40 41 41 32 6 42 37 39 43 9 8 44 10 45 33 8 46 39 46 47 37 48 6 6 49 31 50 40 38
Q3. Find forecasted value for 2017 using a = 0.5 and a = 0.7 using exponential smoothing method. Which a is better (10 Years Sales Forecasted sale 2012 25 2013 17 2014 2015 30 2016 27 2017 21
Q 21 What are the two (2) most important times when a marketer wants possible customers to think about their products? Group of answer choices When talking with their neighbor about the local baseball team. When the customer encounters a problem which your product would solve. When shopping in a store which carries your product. When helping their children with their homework. All the time — we need customers to continually have our products in their minds.
4. A major bank is considering installing ATMs at all locations of a grocery store chain. What evidence-based forecasting tools would be appropriate to use and how? (Short answer)
Q The owner of a small manufacturing business has patented a new device for washing dishes. Before trying to commercialize the device and add it to the existing line of products, the entrepreneur wants reasonable assurance of success. Variable costs are estimated at Rs. 50 per unit produced and sold. Fixed costs are Rs. 4,00,000 per year. A) If selling price is set at Rs. 250, how many units must be produced and sold to break-even? B) Forecasted sales for the first year are 4500 units, if price is reduced to Rs. 150. With this pricing strategy, what would be the product’s profit?
3. Answer the followings. a. Myanmar CP Live Stock Company Limited Shipped Sausage boxes around Myanmar. A manager wants to forecast shipments for the first four months of the next two years by using Linear equation method. The monthly forecast equation being used is: y= 402 + 3x and determine trend amounts for the first four months of the next two year: January, x=24, February, x=25; etc. b. A farm implements dealer is seeking a fourth warehouse location to complement three existing warehouses. There are three potential locations, N.C; Atlanta, Ga.; and Columbia, S.C. Charlotte would involve a fixed cost of $4,000 per month and a variable cost of $4 per unit. Atlanta would involve a fixed cost of $3,500 per month and a variable cost of $5 per unit; and Columbia would involve a fixed cost of $5,000 per month and a variable cost of $6 per unit. Use of the Charlotte location would increase system transportation costs by $19,000 per month. Atlanta by $22,000 per month, and Columbia by…
Q.2.2 Compare and contrast between the grassroots forecasting technique and the Delphi method. Q.2.2 Explain integrated service providers in logistics management. Q.2.3 Explain how distribution requirements planning (DRP) is used. Q.2.4 An organisation produces customised wooden furniture. In your opinion, can the organisation utilise triple bottom line (3BL) to improve its production of wooden furniture? Justify your answer by discussing at least 3 key points.
management please answer as soon as possible
Prepare a Demand Forecast for “Year 5” using Excel. Quarterly Data for Cars Sales Yt Year Quarter Sales (1000s) Year 1 1 4.80 2 4.10 3 6.00 4 6.50 Year 2 1 5.80 2 5.20 3 6.80 4 7.40 Year 3 1 6.00 2 5.60 3 7.50 4 7.80 Year 4 1 6.30 2 5.90 3 8.00 4 8.40 Year 5 1 2 3 4
4.29. The demand for all-terrain bicycles had been steadily increasing since 1989. In the following table are the sales per quarter of mountain bikes produced by Canyon and Cactus Cycles since the second quarter of 1989. (a) Plot the data and verify that the model for linear trend is acceptable. Draw a line through the plotted data and obtain a visual estimate of a and b. (b) Estimate the parameters of the model in preparation for double exponential smoothing. (c) Forecast sales for the third quarter of 1996 using these initial estimates. (d) Forecast sales for the fourth quarter of 1996 using alpha 0.3 and beta = 0.25 if sales in the third quarter of 1996 were equal to 234. (e) Use linear regression to estimate the parameters and forecast the third quarter of 1996.
Sales of Volkswagens have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Q Year 1 2 3 4 5 a) Forecasted sales for year 6 using the trend projection (linear regression) method are Sales 455 510 518 575 590 sales (round your response to one decimal place).

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