Exhibit 2-2 a Small Sporting Goods Company Is Considering Investing $2000 in $2000

question 22

Essay

Exhibit 2-2
A small sporting goods company is considering investing $2000 in a project at the start of year 1 that will produce volleyballs over the next five years. The company plans to produce and sell 200 volleyballs in the first year, and expects that volume to grow by 10% each year thereafter. The unit selling price forecast the company has developed is $20 in year 1, $22 in year 2, $25 in year 3, $28 in year 4, and $31.50 in year 5. Variable costs are forecast to be $15 per unit produced, and there will be a fixed overhead cost in each year of $500.  (Unless otherwise indicated, assume that all cash flows occur at the end of the year.)
-[Part 1] Refer to Exhibit 2-2.Use the graphing function in Excel to construct a scatterplot of forecasted price versus time,and fit a linear trendline to the data.What are the coefficients of the linear model,and what is the MAPE of a linear model forecast,compared to the company's forecast

Identify the elements that contribute to building trust within and outside an organization.

Grasp the impact of ergonomics, management disciplines, and federal regulations on organizational effectiveness.

Comprehend the concept of organizational systems and their inputs, throughputs, and outputs.

Understand the significance of quality improvement and total quality management in business success.

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Definitions:

Planetary Gearset

A compact and efficient gear system that consists of one central gear (sun gear), several outer gears (planet gears), and a ring gear, used in various automatic transmissions and mechanical devices.

High Resistances

Refers to elevated levels of electrical resistance within circuits, which can lead to reduced current flow, inefficiencies, and potential overheating.

Voltage Drop Testing

A diagnostic method used to locate resistance or issues in an electrical circuit by measuring the voltage loss between two points under a load condition.

Ohmmeter

An electrical instrument used to measure the resistance of a component or circuit, aiding in troubleshooting and electrical work.