Author Question: Suppose that Kamath-Meier Corporations CFO uses this equation, which was developed by regressing ... (Read 16 times)

jmoore1989 · **on:** Aug 7, 2023

Suppose that Kamath-Meier Corporation’s CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = $19 + 0.23(Sales). The company expects sales of $500 million during the current year, and it expects sales to grow by 28% next year. All dollars are in millions. What is the inventory forecast for next year?

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$163.0

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$166.2

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$167.5

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$169.0

jojomac20 · **Reply #1 on:** Aug 7, 2023

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