Question
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
- 3000
- 2100
- 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started