Purple Company sells toys and sales are heavily concentrated in the last quarter of the year because of holiday buying. The entity reported total sales for the past three years broken down to quarterly sales as follows: March 31 June 30 September 30 December 31 Total 2016 6,000 6,000 6,000 12,000 30,000 2017 8,000 8,000 8,000 16,000 40,000 2018 10,000 10,000 10,000 20,000 50,000 59. Using just the annual sales data, what is the sales forecast for the fourth quarter of 2019? a. 60,000 b. 15,000 c. 40,000 d. 10,000 60. Using just the quarterly sales data, what is the sales forecast for the fourth quarter of 2019? a. 24,000 b. 16,000 c. 40,000 d. 36,000 61. Using the quarterly sales data and the fact that the first quarter sales in 2019 amount to P14,000, what is the sales forecast for the fourth quarter of 2019? а. 15,000 b. 19,000 с. 28,000 d. 24,000

Purple Company sells toys and sales are heavily concentrated in the last quarter of the year because of holiday buying. The entity reported total sales for the past three years broken down to quarterly sales as follows: March 31 June 30 September 30 December 31 Total 2016 6,000 6,000 6,000 12,000 30,000 2017 8,000 8,000 8,000 16,000 40,000 2018 10,000 10,000 10,000 20,000 50,000 59. Using just the annual sales data, what is the sales forecast for the fourth quarter of 2019? a. 60,000 b. 15,000 c. 40,000 d. 10,000 60. Using just the quarterly sales data, what is the sales forecast for the fourth quarter of 2019? a. 24,000 b. 16,000 c. 40,000 d. 36,000 61. Using the quarterly sales data and the fact that the first quarter sales in 2019 amount to P14,000, what is the sales forecast for the fourth quarter of 2019? а. 15,000 b. 19,000 с. 28,000 d. 24,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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