Exhibit 11.8 The Following Questions Use the Data Below

question 73

Multiple Choice

Exhibit 11.8
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using Winter's method. The store has collected 12 quarters of data and needs your help to analyze the data.
-Refer to Exhibit 11.8. What formula should be entered in cell G3 to compute the seasonal factor for year 1 Quarter 1?

• A) =D3/AVERAGE($D$3:$D$6)
• B) =D3/AVERAGE($D$3:$D$14)
• C) =D3/SUM($D$3:$D$6)
• D) =D3/COUNTIF($D$3:$D$6)

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Definitions:

Emission

The process of expelling substances, in physiology it often refers to the movement of semen into the urethra prior to ejaculation.

Erection

The physiological process resulting in an increased blood flow into the penis, leading to its enlargement and firmness.

Primary Oocytes

Immature female germ cells that are arrested in prophase I of meiosis, present in the ovaries from birth.

Ovulated

The process in the female reproductive cycle where an ovary releases an egg (ovum) into the fallopian tube.