Question
Agung Company determines its sales target based on industrial developments by assess market share from year to year. Data industry demand and sales turnover for
Agung Company determines its sales target based on industrial developments by assess market share from year to year. Data industry demand and sales turnover for 7 years The last one is as follows:
Requested: 1. Calculate industrial demand in 2008 using the least square method ! 2. Determine the company's sales in 2008, if the company determine the average market share of the last 3 years! 3. If it is known that the initial inventory data for 2007 is 250 tonnes, and year-end 2007 inventories of 600 and sales every quarter is the same, then: Prepare a production budget for 2008 with a pattern of stability production and inventory stability patterns (assuming: level Expected 2008 inventory turnover is the same with the 2007 inventory turnover rate)!
Please answer with a complete and detailed explanation !
Year industrial demand (tons) company turnover (tons) 2001 10.000 1.000 2002 12.000 1.300 2003 11.000 1.200 2004 13.000 1.300 2005 15.000 1.450 2006 14.000 1.350 2007 16.000 1.500 Year industrial demand (tons) company turnover (tons) 2001 10.000 1.000 2002 12.000 1.300 2003 11.000 1.200 2004 13.000 1.300 2005 15.000 1.450 2006 14.000 1.350 2007 16.000 1.500Step by Step Solution
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