johns Bait and Fish Shop has had the monthly sales amounts listed below for the last four
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Question:
john’s Bait and Fish Shop has had the monthly sales amounts listed below for the last four years.
Year: | 2017 | 2018 | 2019 | 2020 | |||||||||||
January | $ | 418,822 | $ | 586,285 | $ | 334,831 | $ | 587,806 | |||||||
February | 113,683 | 139,348 | 166,498 | 113,897 | |||||||||||
March | 140,289 | 178,261 | 86,228 | 138,074 | |||||||||||
April | 428,748 | 393,558 | 512,166 | 458,478 | |||||||||||
May | 437,139 | 927,255 | 534,934 | 852,267 | |||||||||||
June | 744,748 | 1,084,790 | 598,401 | 741,557 | |||||||||||
July | 1,450,035 | 1,250,874 | 1,564,492 | 1,579,621 | |||||||||||
August | 1,429,611 | 1,794,448 | 1,850,248 | 1,591,827 | |||||||||||
September | 1,179,170 | 1,022,397 | 684,314 | 725,570 | |||||||||||
October | 369,196 | 465,009 | 484,328 | 652,198 | |||||||||||
November | 257,029 | 390,222 | 262,492 | 310,337 | |||||||||||
December | 321,870 | 387,105 | 235,406 | 371,054 | |||||||||||
Assuming that there is both seasonality and a trend, estimate monthly sales for each month of the coming year. (Round your answers to the nearest whole dollar amount.)
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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