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A) Fred's Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Currents sales are $100,000. Forecast sales for each of the next years.
1st year: 100,000 x 1.08=108,000
2nd year: 108,000 x 1.08=116,640
3rd year: 116,640x 1.08=125,971.20
B) If sales in 2004 were $60,000 and they grew to $100,000 by 2008 (a four year period), what was the actual annual compound growth rate?
The actual annual compound growth rate is found with the formula (FV/PV)^1/n - 1 where FV is the future value, PV is the present value, and n is the number of years. This gives us
(100,000/60,000)^1/4 - 1 =.136, or 13.6%
6. The economic analysis division of Mapco Enterprises estimated the demand functions for its line of weed trimmers as:
Q¬D= 18,000 + 0.4N - 350PM + 90PS
Where N = number of new ...
Predicting future sales volume based on past sales data from several hypothetical companies
Demand Analysis, Optimal Pricing and Estimating and Forecasting Demand
In what respects are the following common practices subtle (or not-so-subtle) forms of price discrimination?
a. Frequent-flier and frequent-stay programs
b. Manufacturers' discount coupon programs
c. A retailer's guarantee to match a lower competing price.
Address the the questions and please explain throughly for better understanding.View Full Posting Details