The City Golf Course Is Interested in Starting a Junior

question 98

Multiple Choice

The city golf course is interested in starting a junior golf program.The golf pro has collected data on the number of youths under 13 that have played golf during the last 4 months.Using a three-month moving average, the forecast value for October made at the end of September in the following time series would be ____________. $$\begin{array} { | c | r | } \hline \text { Joly } & 28 \\\hline \text { Ang } & 27 \\\hline \text { Sept } & 17 \\\hline \text { Oct } & 19 \\\hline\end{array}$$

• A)24
• B)21
• C)21.56
• D)19.22
• E)22

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Definitions:

Discount Rate

The interest rate used to discount future cash flows of a financial instrument, in order to determine its present value.

Salvage Value

The expected end-of-life residual value of an asset.

Net Present Value

Net present value is the calculation to determine the present value of a series of future cash flows minus the initial investment cost, used to assess the profitability of investments.

Net Cash Inflows

The total amount of money received from an investment, project, or business operation, after deducting all associated cash outflows.