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1- The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for

1- The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for that month

MONTH

ADVERTISING $

SALES $

March

900

56000

April

2400

89000

May

3100

98000

June

1200

55000

July

3500

96000

Aug

1800

56000

Sept

2000

91000

Oct

1950

78000

E.) What sales revenue would the company expect for the following advertising spending? Round to nearest cent

  1. 3000
  2. 2100
  3. 1300

F.) If you were in charge of the advertising department how much would you spend on each of the next 4 months on advertising and how and why did you arrive at your decision?

Nov

Jan

Feb

March

Please give a short explanation as to how and why you came up with your advertising spending for the above 4 months

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