The President of State University Wants to Forecast Student Enrollments

question 25

Multiple Choice

The president of State University wants to forecast student enrollments for this academic year based on the following historical data: $$\begin{array} { l l } \text { Year } & \text { Enrollments } \\\hline \text { 5 years ago } & 15,000 \\4 \text { years ago } & 16,000 \\\text { 3 years ago } & 18,000 \\2 \text { years ago } & 20,000 \\\text { Last year } & 21,000\end{array}$$ What is the forecast for this year using a four-year simple moving average?

• A) 18,750
• B) 19,500
• C) 21,000
• D) 22,650
• E) 22,800

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, highlighting the net profit or loss.

Inventory Account

An account on the balance sheet that represents the total cost of goods that are ready for sale, including raw materials, work-in-progress, and finished goods.

Goods Purchased

Items acquired by a company for the purpose of resale in the ordinary course of business, sometimes after undergoing further production.

Payment of Freight

This term refers to the cost associated with transporting goods, typically paid by the shipper or receiver.