Question
A manufacturer of entertainment centers use the completion of new homes as part of their demand forecast. They consider that for every nine new homes
A manufacturer of entertainment centers use the completion of new homes as part of their demand forecast. They consider that for every nine new homes that cost over 300,000 in the city, they make one sale. For every 15 new homes that cost over $150,000 but less than $300,000 in the city, they make one sale. Their projected demand for the future period, before they consider home sales, is for fourteen entertainment centers. They now receive home figures of seventy-two new homes of over $300,000 and 40 new homes of $150,000-$300,000. What should their new forecast be?
Step by Step Solution
3.31 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
For every 5 homes costing over 300000 Sales forecast 1 For Every 20 homes costing bet...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 StartedRecommended Textbook for
Operations management
Authors: Jay Heizer, Barry Render
10th edition
978-0136119418, 136119417, 978-0132163927
Students also viewed these General Management questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App