Microsoft Excel Was Used to Obtain the Following Quadratic Trend $\text { Sales } = 100 - 10 X + 15 X ^ { 2 }$

question 8

Short Answer

Microsoft Excel was used to obtain the following quadratic trend equation: $\text { Sales } = 100 - 10 X + 15 X ^ { 2 }$ .
The data used was from 2004 through 2013 coded 0 to 9. The forecast for 2014 is
__________.

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Definitions:

Net Income

The amount of revenue left over after deducting all expenses, taxes, and costs from total revenue.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.