Your Forecast Shows $500,000 Annually in Sales for Each of the Next

question 25

Multiple Choice

Your forecast shows $500,000 annually in sales for each of the next three years.If your second and third year predictions have failed to incorporate 2.5% expected annual inflation, how far off in total dollars is your three-year forecast?

• A)$37,813
• B)$50,000
• C)$52,550
• D)$76,250

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Definitions:

Supply

The total amount of a good or service available for purchase at any given price level in a given market.

Price

The amount of money required to purchase a good or service, determined by factors such as supply and demand, production costs, and market competition.

Coal Miners

Individuals and companies engaged in the extraction of coal from the earth.

Environmental Laws

Regulations and standards aimed at preserving and protecting the environment from harmful practices or pollutants, promoting sustainability.