sales for the first four months of the year were as follows: jan.5282 feb.4689 mar.3029 apr.6390 find he average monthly sales.(round off your answer to the nearest dollar.
(5282+4689+3029+6390) / 4
=4847.5
= 4848
Finance
The prince Albert Corporation has forecasted the following sales for the first seven months Jan $10,000 Feb 12,000 Mar 14,000 April 20,000 May 10,000 June 16,000 July 18,000 Monthly material purchase are set to 30 % of forecasted
To find the average monthly sales, you need to add up the sales for each month and then divide the total by the number of months. In this case, the sales for January, February, March, and April are given as 5282, 4689, 3029, and 6390, respectively.
Adding up the sales for these four months:
5282 + 4689 + 3029 + 6390 = 19390
Now, divide the total sales by the number of months (which is 4) to find the average monthly sales:
19390 / 4 = 4847.5
Since we need to round off the answer to the nearest dollar, the average monthly sales would be approximately $4,848.