In the past Peter Kelles tire dealership in Baton Rouge sold an average of 1100 radials each year. In the past 2 years 220 and 240 respectively were sold in fall 360 and 320 in winter and 140 and 160 in spring and 300 and 460 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1300 radials. Based on next years projected sales the demand for each season is going to be (enter your responses as whole numbers) Season Demand Fall 272 Winter [__]
In the past Peter Kelles tire dealership in Baton Rouge sold an average of 1100 radials each year. In the past 2 years 220 and 240 respectively were sold in fall 360 and 320 in winter and 140 and 160 in spring and 300 and 460 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1300 radials. Based on next years projected sales the demand for each season is going to be (enter your responses as whole numbers) Season Demand Fall 272 Winter [__]
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 5.5IP
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In the past Peter Kelles tire dealership in Baton Rouge sold an average of 1100 radials each year. In the past 2 years 220 and 240 respectively were sold in fall 360 and 320 in winter and 140 and 160 in spring and 300 and 460 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1300 radials.
Based on next years projected sales the
Season Demand
Fall 272
Winter [__]
Expert Solution
Step 1
Seasons | Year1 | Year 2 | Total | Average |
Fall | 220 | 240 | 460 | 230 |
Winter | 360 | 320 | 680 | 340 |
Spring | 140 | 160 | 300 | 150 |
Summer | 300 | 460 | 760 | 380 |
Total | 1100 |
Average total for 4 quarters=
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