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PLEASE, LOOK AT BOTH IMAGES TO ANSWER QUESTION CORRECTLY. Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales
PLEASE, LOOK AT BOTH IMAGES TO ANSWER QUESTION CORRECTLY.
Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,043,000 square feet for sales revenues of $9,655,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 12 new malls are under construction with an average size of 4,444,000 square feet. What is Nelson's anticipated sales revenue for the coming year? Hints: Make sure to round all intermediate calculation to at least five decimal places. What is Nelson's anticipated sales revenue? $ (Round to the nearest dollar.) Nelson's anticipated sales revenue is the product among the number of new malls to be built by the company, the average square footage, and the sales per square foot: sales forecast = number of malls x average square footage x sales per square foot Remember to round the average sales per square foot to at least five decimal placesStep by Step Solution
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