Question

The forecasted sale for Jim’s firm for the month of September using the simple average method is $ .

?

Answer 1

Forecasted sale for September = $3,838

Step-by-step explanation:

Given:

Month Sales

January $3,000

February $3,500

March $4,000

April $4500

May $3,000

June $3,500

July $4,204

August $5,000

N = 8 $30,704

Find:

Forecasted sale for September = ?

Computation:

Forecasted sale for September = Sum of all sales / Number of months

Forecasted sale for September = $30,704 / 8

Forecasted sale for September = $3,838