Instruction 14-9
the Number of Cases of Merlot Wine Sold

question 30

Short Answer

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
$$\begin{array} { c c } \text { Year }& \text { Cases of Wine } \\2003 & 270 \\2004& 356 \\2005 & 398 \\ 2006& 456 \\2007 & 358 \\2008 & 500 \\ 2009& 410 \\2010&376\\\end{array}$$
-Referring to Instruction 14-9,exponential smoothing with a weight or smoothing constant of 0.4 will be used to smooth the wine sales.The value of E₅,the smoothed value for 2007 is ________.

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Definitions:

Full Capacity

The highest amount of products or services a business can consistently generate during a specific timeframe under standard conditions.

Fixed Assets

Long-term tangible assets used in the operation of a business, not expected to be converted to cash within a year.

Sales Growth

The increase in sales over a specific period, reflecting a company's ability to grow revenue through marketing, expansion, and new product introductions.

Subcontract

An agreement where a primary contractor hires another party to perform part of the work that they have been contracted to complete.