If a firm's sales index in January is 63 and average monthly sales are $200,000,what is the January sales level?

Question

Quizplus · Accepted Answer

To find January sales level, we need to multiply the average monthly sales with the sales index for January:

January Sales Level = Average Monthly Sales x Sales Index for January 
January Sales Level = $200,000 x 0.63 
January Sales Level = $126,000

Therefore, the correct answer is B), $126,000.

If a Firm's Sales Index in January Is 63 and Average