Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $3,300,000 $3,550,000 $3,200,000 $3,800,000 $3,400,000 What would be the forecast for next year's sales using the average approach? Next year's sales $

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.2: Future Values
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Suppose
a firm has had the following historic sales figures.
Year: 2009
2010
2011
2012
2013
Sales $3,300,000 $3,550,000 $3,200,000 $3,800,000 $3,400,000
What would be the forecast for next year's sales using the average approach?
Next year's
sales
Transcribed Image Text:Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $3,300,000 $3,550,000 $3,200,000 $3,800,000 $3,400,000 What would be the forecast for next year's sales using the average approach? Next year's sales
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