Auto sales at Carmen's Chevrolet are shown below. Using the naive approach, what is the forecasted sales for month 7? note: write the rounded-off number (eg. "75" and NOT "75.17") Month Auto Sales 1 9 2 11 3 10 13 17 6 ??? 4 5 6 7

Auto sales at Carmen's Chevrolet are shown below. Using the naive approach, what is the forecasted sales for month 7? note: write the rounded-off number (eg. "75" and NOT "75.17") Month Auto Sales 1 9 2 11 3 10 13 17 6 ??? 4 5 6 7

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

Auto sales at Carmen's Chevrolet are shown below. Using the naive approach, what is the forecasted sales for month 7?
note: write the rounded-off number (eg. "75" and NOT "75.17")
Month
Auto Sales
1
9
2
11
3
10
4
13
5
17
6
6
7
???

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