An August Sales Forecast Projects 6,000 Units Are Going to Be

question 165

Multiple Choice

An August sales forecast projects 6,000 units are going to be sold at a price of $11.50 per unit. The desired ending iventory in units is 15% higher than the beginning inventory of 1,000 units. Total August sales are anticipated to be:

• A) $80,500
• B) $69,000
• C) $60,000
• D) $57,500

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Definitions:

Alfred Binet

A French psychologist best known for creating the first intelligence test, the Binet-Simon scale.

Intelligence Test

A method of assessing an individual's mental aptitudes and comparing them with others using numerical scores.

Exponential

A mathematical function or growth pattern describing a quantity that increases at a rate proportional to its current value.

Sternberg

Refers to Robert Sternberg, a psychologist known for his theory on intelligence and creativity, including the triarchic theory of intelligence.