Jamal wants to forecast sales for the first quarter of next year. His first assumption is that
Question:
Jamal wants to forecast sales for the first quarter of next year. His first assumption is that sales will likely grow by 3% in the coming year. If Jamal’s monthly sales were $10,000, $9,000, and $11,000 in the first quarter of this year, what should his sales forecast be for the first quarter of next year?
a. $30,000
b. $30,900
c. $33,000
d. $33,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
The correct answer is d 33500 To calculate the forecasted sales for the first quarter of ...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Comprehensive budget question: wholesaler Universal Electric Company is a small, rapidly growing wholesaler of consumer electrical product. The firm's main product lines are small kitchen appliances...
-
Emerson Electric Company was founded in 1890 as a manufacturer of motors and fans. In 1993, Emerson marked its thirty-sixth consecutive year of improved earnings per share. On $8.2 billion sales, the...
-
A table of properties for methyl chloride lists the saturation pressure as 116.7 psia at 100oF. At 100oF, this table also lists hfg = 154.85 Btu/lbm, and vfg = 0.86332 ft3/lbm. Estimate the...
-
Suppose three points are picked randomly from the unit interval. What is the probability that the three are within a half unit of one another?
-
A steel alloy contains 97.5 wt% Fe, 2.0 wt% Mo, and 0.5 wt% C. (a) What is the eutectoid temperature of this alloy? (b) What is the eutectoid composition? (c) What is the proeutectoid phase? Assume...
-
Refer to the orange juice quality study, Exercise 9.14 (p. 484). Recall that a manufacturer that has developed a quantitative index of the "sweetness" of orange juice is investigating the...
-
The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. Accounts payable .........Interest income Accounts receivable..........
-
ABC Company has been allocating indirect costs based on budgeted labor hours. ABC s total indirect costs amounted to INR 4 5 0 , 0 0 0 . ABC produces three products, X , Y , and Z . Key production...
-
A binary classification model is tested on 1000 data points, of which it predicts 200 belonging to the positive class and 750 are predicted correctly as the negative class. Out of 1000, if actually...
-
Aria wants to create a set of pro forma financial statements. Her goal is to plan for future cash flows and operations as well as help envision her long-term strategy. What time frames should Aria...
-
Why might someone compile a pro forma financial statement that is intentionally inaccurate? What factors contribute to the accuracy of a pro forma?
-
Suppose an experimenter intends to do a regression analysis by taking a total of 2n data points, where the xis are restricted to the interval [0, 5]. If the xy-relationship is assumed to be linear...
-
Hackett Produce Supply is preparing its cash budget for April. The following information is available: Estimated credit sales for April Actual credit sales for March Estimated collections in April...
-
006 10.0 points A pendulum clock was moved from a location where g = 9.8168 m/s to another location where 9 9.806 m/s. During the move, g = the length of the clock's pendulum did not change;...
-
6-3x 2 Problem 6. (a) Find L So 6-3x-2y 3 2 dz dy dx. (b) Find the limits of integration. No need to find the integral. dx dz dy. Hint: The plane in the image is given by 3x + 2y + 3z = 6. 2.0 1.5...
-
Question Under what scale of measurement(s) can we say that : Jim weighs 4X as much as Edie? Sam is heavier than Sue? Jim and Sam don't weigh the same? Jim is much heavier than Sam, but Mary is only...
-
Lender Company provides postretirement health care benefits to employees who provide at least 10 years of service and reach the age of 65 while in service. On January 1 of the current calendar year,...
-
Let g(x, y) = cos(x + 2y). (a) Evaluate g(2, -1). (b) Find the domain of g. (c) Find the range of g.
-
Why are stocks usually more risky than bonds?
-
What are the principal e-commerce business and revenue models? a. Name and describe the principal e-commerce business models. b. Name and describe the e-commerce revenue models.
-
How has e-commerce transformed marketing? a. Explain how Internet technology supports business-to-business electronic commerce. b. Define and describe Net marketplaces and explain how they differ...
-
How has e-commerce affected business-to-business transactions? List and describe important types of m-commerce services and applications.
-
Ellis Perry is an electronics components manufacturer. Information about the company's two products follows: \ table [ [ , , , ] , [ Units produced,AM - 2 , FM - 9 , ] , [ Direct labor hours required...
-
Which of the following requirements to claim Earned Income Tax Credit is TRUE? The credit can be claimed under any filing status. The taxpayer must have a valid SSN for employment in the U.S., issued...
-
Olde Tyme Beverage Companys operating activities for the year are listed below. Cost of Goods Manufactured $131,000 Operating expenses 80,000 Beginning inventory, FG 16,000 Ending inventory, FG...
Study smarter with the SolutionInn App