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:

Underlies

To lie or be situated under something; to be the support or basis of; to form the foundation of.

Projection

A defense mechanism in psychology where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.

Unconscious Impulses

Unconscious impulses are desires or motivations that influence an individual's thoughts and actions without their conscious awareness.

Attributing

Attributing involves assigning a cause or reason to an event or behavior, often relating to explaining why something happened.