The following data in the sales in ice cream was collected in the past period of 2 years in each quarter Time period Sales (in HK$000) 1st Q, 2020 80 2nd Q, 2020 85 3rd Q, 2020 82 4th Q, 2020 76 1st Q, 2021 78 2nd Q, 2021 88 3rd Q, 2021 85 4th Q, 2021 80 a Find out the trend line equation using the...

a The computations here are done as Where x is the number of quarte ...

The following data in the sales in ice-cream was collected in the past period of 2 years

Fantastic news! We've Found the answer you've been seeking!

Question:

The following data in the sales in ice-cream was collected in the past period of 2 years in each quarter.

Time period	Sales (in HK$000)
1st Q, 2020	80
2nd Q, 2020	85
3rd Q, 2020	82
4th Q, 2020	76
1st Q, 2021	78
2nd Q, 2021	88
3rd Q, 2021	85
4th Q, 2021	80

a. Find out the trend line equation using the above data.

b. Predict the sales of ice-cream in the 3rd quarter of 2022?

Related Book For answer-question

College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

See More Books

Posted Date: Mar 18, 2022 02:24 AM

See More Questions

A student obtains the following data in a calorimetry experiment designed to measure the specific heat of aluminum: Initial temperature of Water and calorimeter: 70C Mass of water: 0.400 kg Mass of...
The accounting department supplied the following data in reconciling the September 30 bank statement for Clegg Auto. Ending cash balance per bank . . . . . . . . . . . . . . . . . . . . . . . . . . ....
The Home Depot, Inc. reported the following data in its 2009 Annual Report (for the fiscal year ended January 31, 2010): Analyze: 1. What percentage of total current liabilities is made up of accrued...
Consider a stylized two-period model with banking. The aggregate abatement cost function in period t is given by C(E)= (a t be) 2 /2b with a 1 < a 2 is D(E)=dE 2 /2. (a) Determine the optimal...
Britton, Inc., an accrual basis C corporation, sells widgets on credit. Its book and taxable income for year 1 totals $60,000 before accounting for bad debts. Brittons book allowance for...
The Blunt Trucking Company needs to expand its fleet by 40 percent to meet the demands of two major contracts it just received to transport military equipment from manufacturing facilities scattered...
Show that the pure shrinkage estimator (Problem 9.25) is the solution to Data From Problem 9.25 The pure shrinkage estimator is defined as $\hat{\beta}_{s}=c \hat{\beta}$, were $0 \leq c \leq 1$...
Mitchell Co. is experiencing a decrease in sales and operating income for the fiscal year ending December 31, 20Y1. Gene Lumpkin, controller of Mitchell Co., has suggested that all orders received...
The Golf Academy books show that at the beginning of the year ( 1 / 1 / 2 0 1 6 , the beginning balance in accounts receivable was $ 8 , 0 0 0 . During the year the firm reported sales revenue of $ 4...
Liquid reaction A --> 2B is taking place in a steady state packed bed reactor that has total available packing area (A) of 10 m. The density (p) and packing surface (a) of the catalyst per volume are...
Issue: Articulate a current Canadian policy issue in your own words. It must be expressed as a question in a single , grammatically correct sentence. The issue must be relevant to the society as a...
Solve the equation. 3 (6x-9)=6 (6x +9
If n(U)=200, n(A) = 100, n(B) = 80, n (ANB)=40, find n (AB)
Evaluate f(x) = x, find f1(x).
Simplify V x12 9
Solve the following equation. 3 5 487 - (By (8y+4)- (8y + 4) - -(-7y-6)=3y- 16 128 y = (Type an integer or a simplified fraction.)
The data in the table below shows how the activity of a sample of radium-222 changes with time. Plot a graph of activity against time and use the graph to estimate the half-life of this isotope....
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
The following transactions took place at Professional Counseling Services, a business established by Greta Davis. INSTRUCTIONS For each transaction, set up T accounts from this list: Cash; Office...
Explain the meaning of the following terms: a. Canceled check b. Outstanding check c. Deposit in transit d. Debit memorandum e. Credit memorandum f. Dishonored check g. Blank endorsement h. Deposit...
Cantu Office Supply Company received a bank statement showing a balance of $68,005 as of March 31, 2013. The firm's records showed a book balance of $69,487 on March 31. The difference between the...
A football is thrown on a long pass. Compared to the balls initial horizontal velocity component, the velocity at the highest point is (a) greater, (b) less, (c) the same.
What process do you follow to make decisions for these different circumstances, and are you satisfied with the results?
A football is thrown on a long pass. Compared to the balls initial vertical velocity, the vertical component of its velocity at the highest point is (a) greater, (b) less, (c) the same.

The following data in the sales in ice-cream was collected in the past period of 2 years

Question:

Expert Answer:

a The computations here are done as Where x is the number of quarte... View the full answer

College Accounting A Contemporary Approach

Students also viewed these accounting questions