Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.
Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚
Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚
FP, urgent advice required-exam tomorrow
inga
Just JoinedRegistered Posts: 3
Can someone please help me to deal with this task from FP mock exam. My actual exam is tomorrow 
Sales are given for the years:
2006 £175000
2007 £193025
2008 £211225
2009 £229250
2010 £247100
An index of price level movements is as follows:
Year Price level index
2006 100
2007 103
2008 107
2009 110
2010 112
2011 (forecast) 113
Assume that now is the end of 2010
Required: Restate the industry sales figures for each of the above five years (2006-2010) to 2011 forecast price levels using the appropriate price level index.
Year Sales Factor £
2006
2007
2008
2009
2010
Sales are given for the years:
2006 £175000
2007 £193025
2008 £211225
2009 £229250
2010 £247100
An index of price level movements is as follows:
Year Price level index
2006 100
2007 103
2008 107
2009 110
2010 112
2011 (forecast) 113
Assume that now is the end of 2010
Required: Restate the industry sales figures for each of the above five years (2006-2010) to 2011 forecast price levels using the appropriate price level index.
Year Sales Factor £
2006
2007
2008
2009
2010
0
Comments
eg. 2007:
193,025 / 103 x 113 = 211,765.28
Is that the right answer?