Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach?Year20172018Sales$750,000500,000Multiple ChoiceO$695,000$700,000$750,000$775.0002019$700,0002020$750,0002021$775,000

The average sales method is a method in which the next year sales will be determined by taking out…

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach? 2017 2018 $ 750,000 Year Sales 500,000 Multiple Choice O $695.000 $700,000 $750,000 $775.000 2019 $ 700,000 2020 $ 750,000 2021 $ 775,000

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach? 2017 2018 $ 750,000 Year Sales 500,000 Multiple Choice O $695.000 $700,000 $750,000 $775.000 2019 $ 700,000 2020 $ 750,000 2021 $ 775,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.1.1MBA

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Question

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach?
Year
2017
2018
Sales
$
750,000
500,000
Multiple Choice
O
$695,000
$700,000
$750,000
$775.000
2019
$
700,000
2020
$
750,000
2021
$
775,000

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