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In: Finance

please answer each question with steps if possible. In 2010 Glacial HVAC, Inc. sold 3,305 air...

please answer each question with steps if possible.

In 2010 Glacial HVAC, Inc. sold 3,305 air conditioning units in Fulton County. During that same year 46,786 air conditioning units were sold in Fulton County. Calculate Glacial's 2010 market share. Report your answer as a percentage, rounded to one decimal place.

Question 2 (10 points)

In 2010 47,413 air conditioning units were sold in Fulton County. Glacial HVAC, Inc. sold 3,275 units in 2010. 2010 industry sales represent a 8.9 % decrease over 2009 sales. Calculate 2009 industry sales. Round your answer to the nearest unit.

Question 3 (10 points)

In 2010 47,250 air conditioning units were sold in Fulton County. Glacial HVAC Inc. sold 3,269 units in 2010, compared to 2009 sales of 3,969 units. Calculate the percent change in Glacial's sales, from 2009 to 2010. Report your answer as a percentage, rounded to one decimal place.

Expert Solution

Q1, Sales of Glaciel HVAC = 3305 and Sales in Fulton County = 46786

Glacial's Market share = Sales of Glacial HVAC / Sales in Fulton County = 3305 / 46786 = 0.07064 = 7.064% = 7.1 (rounded to one decimal place)

Market share of Glacial = 7.1%

Q2 Sales of Fulton County in 2010 = 47413

Total sales of industry in 2010 = Sales of Fulton County in 2010 = 47413 = 47413

Total industry sales in 2010 = Total industry sales in 2009 x (1 - 8.9%)

47413 = Total industry sales in 2009 x 91.1%

Total industry sales in 2009 = 47413 / 91.1% = 52045.0054 = 52045 (rounded to nearest unit)

Total Industry sales in 2009 = 52045

Q3. Sales of Glacial HVAC in 2009 = 3969 and Sales of Glacial HVAC in 2010 = 3269

Percent change in sales of Glacial HVAC = [Sales of Glacial HVAC in 2010/Sales of Glacial HVAC in 2009] - 1 = [3269 / 3969] - 1 = 0.823633 - 1 = -0.176367 = -17.6367% = -17.6%

Hence Percent change in sales of Glacial HVAC = -17.6%

jeff jeffy answered 1 year ago

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