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

question 90

Multiple Choice

Your forecast shows $500,000 annually in sales for each of the next 3 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 3-year forecast?

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

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Definitions:

Downsloping

Describes a line or curve on a graph that proceeds from upper left to lower right, often used in economics to represent the decrease in demand as prices increase.

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