Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
b. The following table shows the number of televisions sold over the last ten years at a
local electronic store.
YEAR TV SALES
1 150
2 300
3 480
4 600
5 630
6 640
7 700
8 825
9 900
10 980
i. Using trend projection, develop a formula to predict sales for years 11 and 12. You
have to show all working. You will need to develop a table to calculate the slope and
the intercept.
ii. Use that formula to
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