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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 2020 4500 3,000 1 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 A. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units

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 2020 4500 3,000 1 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 A. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 2020 4500 3,000 1 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 A. 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 2020 4500 3,000 1 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 A. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units
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