Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Charlie's Cycles Inc. has $110 million in sales. The company expects that its sales will increase 5% this year. Charlie's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows:

Inventories = $9 $ 0.0875(Sales)

Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level and its inventory turnover ratio?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M946295

Have any Question? 


Related Questions in Basic Finance

The us express reported that the color distribution for

The US Express reported that the color distribution for plain M&M's was: 40%brown, 20% yellow, 20% orange, 10% green, and 10% tan. Each piece of candy in a random sample of 100 plain M&M's was classified according to col ...

Writing in new york magazine sheelah kolhatkar asks an

Writing in New York magazine, Sheelah Kolhatkar asks an intriguing question: A couple of weeks ago, for instance, the investment-management company Vanguard released data showing that men were more likely than women to s ...

1 how is preferred stock different from common stock2 what

1. How is preferred stock different from common stock? 2. What is a prospectus? 3. Describe the role of the underwriting syndicate in a firm-commitment offering. 4. Why is the relationship between an investment banker an ...

1 in addition to the key words you should also be able to

1. In addition to the key words, you should also be able to define the following terms: third-variable problem directionality problem confounding variable random process placebo mundane realism experimental realism 2. De ...

1 explain how the gold standard worked and why it led to

1. Explain how the gold standard worked and why it led to stable exchange rates. What might be some advantages and disadvantages of returning to the gold standard? 2. Describe the relationship between purchasing power pa ...

In fig 911 is intermediate code to compute the dot product

In Fig. 9.11 is intermediate code to compute the dot product of two vectors A and B. Optimize this code by eliminating common subexpressions, performing reduction in strength on induction variables, and eliminating all t ...

A companys dec 31st year-end balance sheet showed 72000 of

A company's Dec. 31 st year-end balance sheet showed $72,000 of inventory. The company uses the perpetual inventory system. After reviewing the company's records, the auditor noted the following items which had not been ...

Why might households and firms in a foreign country prefer

Why might households and firms in a foreign country prefer to use U.S. dollars rather than their own country's currency in making transactions? What advantages or disadvantages do foreign governments experience because o ...

To analyze various retirement-planning options check out

To analyze various retirement-planning options, check out the financial calculator at Bloomberg (http://www.bloomberg.com). Determine the effect of waiting versus immediate planning for retirement. What is the effect of ...

What distinguishes indebtedness and equity is preferred

What distinguishes indebtedness and equity? Is preferred stock a debt or equity instrument? Explain ? How does a mutual fund perform its function as a financial intermediary? What is meant by the term "maturity intermedi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen