The sales data (in units) of book store has been extracted for the three terms over3 years as follows;Term-1Term-2 Term-320204500 3,000 1,2002021 6,000 4,200 2,40020227,800 5,400 3,600Required:Using multiplicative index, forecast sales for term-III (to the nearest 100) of theyear 2023 given an annual sales forecast of 18,000OA. 3,100 unitsB. 3,500 unitsOC. 3,300 unitsOD. 3,400 units

D. 3,400 unitsExplanation:Given:…

Answered: The sales data (in units) of book store…

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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Lewellen Products has projected the following sales for the coming year: 01 02 03 04 Sales $940 $1,020 $980 $1,080 Sales in the year following this one are projected to be 20 percent greater in each quarter a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. What is the payables period in this case? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. b. Payment of accounts Payment of accounts Payment of accounts 01 02 Q3 Q4
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