A Company Has a Sales Forecast for the Following Five

question 55

Multiple Choice

A company has a sales forecast for the following five months as shown in the table. If they have a beginning inventory of 100 units, what amount should be produced under a level plan in order for them to have an ending inventory of zero units at the end of the five-month period? $$\begin{array} { | l | c | } \hline { \text { Month } } & \text { Forecast } \\\hline \text { Tanuary } & 350 \\\hline \text { February } & 400 \\\hline \text { March } & 300 \\\hline \text { April } & 500 \\\hline \text { May } & 350 \\\hline\end{array}$$

• A)320 units per month
• B)360 units per month
• C)400 units per month
• D)440 units per month

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Definitions:

Actual Attendance

The real number of individuals present at an event or a workplace, as opposed to those who were expected or registered to attend.

Medium-Range Forecast

Predictions about future trends, demands, or activities for a period typically extending from a few months to a few years into the future.

Forecasting Process

The systematic approach to predicting future events or trends, often involving data analysis and modeling techniques.

Time Horizon

The fixed point in the future at which certain outcomes will be evaluated or a plan is expected to come to fruition.