Arnold Tofu owns and operates a chain of 12 vegetable protein "hamburger" restaurants in northern Louisiana. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars; profits are in hundreds of thousands of dollars. Calculate a regression line for the data. What is your forecast of profit for a store with sales of $24 million? $30 million?
Definitions:
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period, used to assess the profitability of an investment.
Salvage Value
The estimated monetary value of an asset at the cessation of its useful duration.
Labor Costs
Expenses related to compensating employees for their work, including wages, salaries, and benefits.
Payback Period
The time it takes for an investment to generate cash flows sufficient to recover the initial cost of the investment.
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