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vova2212 [387]
3 years ago
7

A book store had a $780,000 in sales revenue in 2000 and $590,000 in 2011. Assuming a constant EXPONENTIAL annual rate of decrea

se, what is the predicted sales revenue for 2017
Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

The predicted sales revenue for 2017=$501,334.008

Explanation:

If something reduces at a constant rate over a specified period of time, then it can be represented using an exponential function as follows;

y=a(1-r)^x, or y=ab^x

where;

y=final sales revenue after the reduction

a=initial sales revenue before the reduction

1-b=reduction factor

x=time interval

In our case;

y=$590,000

a=$780,000

1-r=b=unknown

x=2011-2000=12 years

replacing;

590,000=780,000.b^12

b^11=590,000/780,000=0.756

b=0.756^(1/12)

b=0.977

r=1-0.977=0.023

Determine predicted sales revenue;

y=ab^x

y=sales revenue in 2017

a=sales revenue in 2011=$590,000

b=0.977

x=7 years

replacing;

y=590,000(0.977)^7

y=$501,334.008

The predicted sales revenue for 2017=$501,334.008

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An increase in the price of poultry would lead to__________
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Answer:

c.a decrease in quantity demanded of poultry and an increase in the demand for fish.

Explanation:

The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.

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3 years ago
Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or
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Answer: e) All of the above

Explanation:

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2 years ago
What is the ending inventory for period 8 when the MPS is 0 units?
KatRina [158]

Answer:

Ending inventory  = 64 units

Explanation:

Given:

Ending inventory for period 7 = 89 units

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Computation:

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