Exhibit 11.23 The Following Questions Use the Data Below

question 106

Essay

Exhibit 11.23
The following questions use the data below.
A store wants to predict quarterly sales. The owner has collected 3 years of sales data and wants your help in analyzing the data. He wants to use a quadratic trend model to forecast sales.
-Refer to Exhibit 11.23. Based on the regression output, what formulas should go in cells D3:F14?

---

Definitions:

Long-lived Assets

Assets that are expected to provide economic benefits to a company for a period longer than one year, such as buildings or equipment.

Operating Assets

Assets required for a company's core operations and used to generate income, excluding investment and non-operational assets.

Net Future Operating Cash Inflows

The projection of cash revenues minus the projected cash expenses over a future period, reflecting the net amount of cash a business expects to receive from its operations.

Asset Account

An account on a company's balance sheet that represents the value of ownership interests in assets, including tangible and intangible resources.