What is your forecast of profit for a store with sales

Assignment Help Operation Management

Reference no: EM131804427

The XYZ Paint Shop owns and operates a dozen shops in northern Illinois. Their signature paint is diamond polished candy apple red lacquer. Sales (X, in millions of dollars) is related to profits (Y, in hundreds of thousands of dollars) by the regression equation Y = 10.543 + 0.88X. What is your forecast of profit for a store with sales of $30 million? $44 million?

Reference no: EM131804427

Questions Cloud

Define franchising and describe the basic forms : Define franchising and describe its two basic forms. Franchising is a continuing relationship in which a franchisor grants to a franchisee the business rights.

How to identify customer relationships with the organization : Explain how to identify customer relationships with the organization. Companies that implement a CRM system adhere to a customer-centric focus or model.

Calculate activity rates for each activity cost pool : Calculate activity rates for each activity cost pool using activity-based costing

Prepare a multiple-step income statement for the year ended : Prepare a multiple-step income statement and a retained earnings statement for the year ended, as well as a classified balance sheet as of December 31, 2010

What is your forecast of profit for a store with sales : What is your forecast of profit for a store with sales of $30 million? $44 million?

Develop a plan for establishing and managing interactions : Develop a plan for establishing and managing interactions with a business's customers. In this plan, identify the key touch points for customers

Suggest a timeline for establishing an erm plan : Provide a list of essential personnel whom you believe should be involved in creating and maintaining an ERM plan for an organization.

Entitled to credit against their regular tax liabilities : Individuals who incur an alternative minimum tax liability attributable to timing differences are entitled to a credit against their regular tax liabilities

Prepare financial statement when undergo two months training : Discuss with the introduction to I.C.T,a computer programmer can prepare financial statement when he undergo two or three months training.

User Account

All Pages