Gibson Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.) Second Fourth Quarter Division First Quarter Third Quarter Quarter Cummings Division 2$ 150,000 Springfield Division 310,000 Douglas Division 220,000 < Required A Required B >

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Gibson Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because
economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings
Division, 4 percent for Springfield Division, and 8 percent for Douglas Division.
Required
a. Complete the sales budget by filling in the missing amounts.
b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.)
Second
Fourth
Quarter
Division
First Quarter
Third Quarter
Quarter
Cummings Division
Springfield Division
Douglas Division
2$
150,000
310,000
220,000
<Required A
Required B
>
Transcribed Image Text:& 4 Homework Saved Help Gibson Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.) Second Fourth Quarter Division First Quarter Third Quarter Quarter Cummings Division Springfield Division Douglas Division 2$ 150,000 310,000 220,000 <Required A Required B >
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