Demand for a Certain Product Is Forecast to Be 800

question 27

Multiple Choice

Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows a seasonal pattern, for which the January monthly index is 1.25. What is the seasonally-adjusted sales forecast for January?

• A) 640 units
• B) 798.75 units
• C) 801.25 units
• D) 1000 units
• E) 88.33 units

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Definitions:

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, or adding a provision to an insurance policy, indicating approval or transfer of rights.

Payee

The individual or entity to whom money is paid or owed, especially in the context of checks or electronic transfers.

Fraud

Deceptive action designed to provide an unfair advantage or benefit to the individual or entity committing the fraud.

HDC

Holder in Due Course, a term in negotiable instruments law referring to someone who has acquired a negotiable instrument in good faith for value, with certain protections.