The sales data (in units) of book store has been extracted for the three terms over 3 years as follows; Term-1Term-2 Term-3 20204500 3,000 1,200 2021 6,000 4,200 2,400 20227,800 5,400 3,600 Required: Using multiplicative index, forecast sales for term-III (to the nearest 100) of the year 2023 given an annual sales forecast of 18,000 OA. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The sales data (in units) of book store has been extracted for the three terms over
3 years as follows;
Term-1Term-2 Term-3
20204500 3,000 1,200
2021 6,000 4,200 2,400
20227,800 5,400 3,600
Required:
Using multiplicative index, forecast sales for term-III (to the nearest 100) of the
year 2023 given an annual sales forecast of 18,000
OA. 3,100 units
B. 3,500 units
OC. 3,300 units
OD. 3,400 units
Transcribed Image Text:The sales data (in units) of book store has been extracted for the three terms over 3 years as follows; Term-1Term-2 Term-3 20204500 3,000 1,200 2021 6,000 4,200 2,400 20227,800 5,400 3,600 Required: Using multiplicative index, forecast sales for term-III (to the nearest 100) of the year 2023 given an annual sales forecast of 18,000 OA. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units
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