Suppose a Firm Has Had the Historical Sales Figures Shown

question 57

Multiple Choice

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the average approach if it was determined that years 2013 and 2014 were "stale"?
$$\begin{array} { c c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 1,900,000 & \$ 2,100,000 & \$ 2,700,000 & \$ 2,800,000 & \$ 3,000,000\end{array}$$

• A) $1,900,000
• B) $2,500,000
• C) $2,833,333
• D) $3,000,000

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Productive Workers

Employees who contribute significantly to the output of goods or services within an organization or economy.

Supply of Capital

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The cost associated with renting a property, such as an apartment, house, or piece of equipment.