What will be my projected sales in 2018?

timer Asked: Nov 13th, 2015
account_balance_wallet $5

Question Description

  My sales revenue has grown from $1,200,000 in 2012 to $1,500,000 in 2015.  Assuming that my sales revenue growth is linear, find the linear equation for my sales.  What will be my projected sales in 2018?

Tutor Answer

School: Boston College

Thank you for the opportunity to help you with your question!

slope = 300000/3= 100000

1500000 = 100000*3+C

y intercept = 1200000 [Assuming 2012 to be the base year.

So, linear equation of sales  => y = 100000*(x-2012)+1200000 [Where x and y are actual years.

So projected sales in 2018,

y = 100000*(2018-2012)+1200000

sales = $1,800,000

Please let me know if you need any clarification. I'm always happy to answer your questions.

flag Report DMCA

Goes above and beyond expectations !

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors