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Please help me. Required information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) (The following information applies to the questions displayed below. Davis Stores sells clothing
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Required information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) (The following information applies to the questions displayed below. Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations (revenues and costs in thousands of dollars). Store 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 Revenues $4,140 2,267 5,798 4,062 2,974 4,103 6,934 1,839 5,616 3,348 3,966 4,790 3,592 4,977 2,324 Costs $4,274 2,974 5,241 4,098 3,796 3,459 5,089 2,574 4,848 3,079 4,279 3,280 2,676 4,735 3,046 Required: Prepare a scattergraph based on the store cost and revenue data. 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK. Methods of Estimating Costs-Scattergraph Davis Stores Store 101 6000 Store 102 5000- Store 103 4000- 3000- Store 104 Costs ($000) 2000- Store 105 1000- Store 106 0 0 1000 2000 3000 4000 5000 6000 7000 8000 Store 107 Revenue ($000) reset Prey 1 of 7 . Next >Step by Step Solution
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