Question: An 12% decrease in sales is predicted due to basic developments in population, capital formation, and technology (trend component). A 15% increase in sales is
An 12% decrease in sales is predicted due to basic developments in population, capital formation, and technology (trend component). A 15% increase in sales is expected due to a business improvement (cycle component). Increased tensions in Prague are expected to reduce sales by an additional 18% (erratic events component). Sales results are reasonably consistent throughout the year except for the third quarter, where sales are expected to be 23% higher than the other quarters (seasonal component). Sales in 2019 were 15,030,000, forecast the sales for 2020. The breakdown for the sales by quarter
1. Q 1,Q2, Q4 = $2,908,913; Q3 = $3,966,699
2. Q 1,Q2, Q4 = $2,858,280; Q3 = $3,897,655
3. Q 1,Q2, Q4 = $3,240,844; Q3 = $4,321,122
4. none of the above
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