The Following Table Shows the Sales for a Resort Hotel

question 9

Essay

The following table shows the sales for a resort hotel recorded over the past year. The seasonal indexes for each quarter are also provided. To track the trend for these four quarters, use the indexes to deseasonalize the sales data. What is the deseasonalized sales value for quarter 1?

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Definitions:

Monetary Compensation

Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.

Breach of Contract

Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.

Principle of Mitigation

The legal obligation on a party suffering loss to take reasonable action to minimize the amount of the loss suffered.

Principle of Remoteness

A legal doctrine limiting the amount of compensable damage to what can be reasonably foreseen.