FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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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