Neem Co. had the following 12 months of data on purchasing cost and number of purchase orders:

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Question:

Neem Co. had the following 12 months of data on purchasing cost and number of purchase

orders:

Month Purchasing Cost Number of Purchase Orders

January P18,860 370

February 18,065 330

March 19,250 380

April 18,050 410

May 19,345 400

June 19,500 450

July 19,670 460

August 20,940 560

September 19,430 440

October 20,020 500

November 18,800 470

December 19,340 480

If Neem Co. estimates that next month will have 430 purchase orders, what is the total estimated

purchasing cost for that month?

Posted Date: May 10, 2024 03:23 AM

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Neem Co. had the following 12 months of data on purchasing cost and number of purchase orders:

Question:

Expert Answer:

To estimate the total purchasing cost for the next month we can use the available data on the number ... View the full answer

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