Suppose a Firm Has Had the Historical Sales Figures Shown

question 43

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 naïve approach?
$$\begin{array} { c c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 1,500,000 & \$ 1,750,000 & \$ 1,400,000 & \$ 2,000,000 & 2,200,000\end{array}$$

• A) $2,100,000
• B) $2,200,000
• C) $1,780,000
• D) $1,730,000

Recognize different types of allergy tests and their applications.

Understand the preparation and purpose of diagnostic procedures for gastrointestinal disorders.

Recognize signs and treatments of specific disorders, including infections, and vascular diseases.

Understand the diagnosis and management of neurological disorders and their diagnostic procedures.

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Definitions:

Accounts Payable

Accounts payable is the amount of money that a company owes to its suppliers or creditors for goods and services received but not yet paid for, typically due within a short period, like 30 or 60 days.

Use of Cash

Refers to how a business or individual employs their cash resources, including spending, investing, or saving activities.

Inventory Holdings

The quantity of goods or materials in stock by a business awaiting sale or use.

Payables Manager

A financial professional responsible for managing a company's short-term liabilities and obligations to its creditors and suppliers.