Question

Sales for the last quarter of the year were good, with tops sales at 4,000 units and pants sales at 3,200 units. Demand for the first quarter sales of next year is expected to decline by 6%, what is your forecast for the demand of tops and pants? Tops: 3,892 and Pants: 3,006 Tops: 3,365 and Pants: 2,986 Tops: 3,760 and Pants: 3,008 Tops: 3,675 and Pants: 4,307

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Tops: 3,760 and Pants: 3,008

If there is a decline of 6% in the next quarter then

Tops = (94/100)*4000

= 3760

Pants = (94/100)*3200

= 3008

Add a comment
Know the answer?
Add Answer to:
Sales for the last quarter of the year were good, with tops sales at 4,000 units...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Panther Corporation appeared to be experiencing a good year. Sales in the first quarter were one-third...

    Panther Corporation appeared to be experiencing a good year. Sales in the first quarter were one-third ahead of last year, and the sales department predicted that this rate would continue throughout the entire year. The controller asked Janet Nomura, a summer accounting intern, to prepare a draft forecast for the year and to analyze the differences from last year's results. She based the forecast on actual results obtained in the first quarter plus the expected costs of production to be...

  • The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter...

    The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 11,800 12,800 14,800 13,800 The selling price of the company’s product is $17 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning...

  • Panther Corporation appeared to be experiencing a good vear. Sales in the first quarter were one-third ahead of last ye...

    Panther Corporation appeared to be experiencing a good vear. Sales in the first quarter were one-third ahead of last year, and the sales department predicted that this rate would continue throughout the entire year. The controller asked Janet Nomura, a sumener accounting intern, ta prepare a draft forecast for the year and to analyze the differences from last year's results. She based the forecast on actual results obtained in the first quarter plus the expected costs af production to be...

  • Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter...

    Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter First Second Third 100,000 120,000 140,000 160,000 520,000 Fourth Total Inventory on December 31 of the current year (that is, at the beginning of the coming year) is expected to be 10,000 units. The quantity of finished goods inventory at the end of each quarter was to equal ten percent of the next quarter's budgeted units to be sold. Required: Calculate the units to...

  • Good Life is a public health clinic is in its fourth year of operation and is...

    Good Life is a public health clinic is in its fourth year of operation and is preparing its staffing plan for the upcoming quarter. The· federal government requires the clinic to prepare a budget request each quarter for the coming quarter. The request is based largely on the forecast of demand for specific services during the next quarter. Demand data for emergency services at the clinic are available for each of the four quarters of the preceding three years and...

  • DUE SOON, PLEASE HELP Sales for the final quarter of the prior year total 800 units....

    DUE SOON, PLEASE HELP Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...

  • DUE SOON, PLEASE HELP!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the...

    DUE SOON, PLEASE HELP!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...

  • jergens has budgeted sales for the first quarter of the next year to be 100,000 units....

    jergens has budgeted sales for the first quarter of the next year to be 100,000 units. the inventory in hand at the beginning of the quarter is 30,000 units. the desired ending inventory is 16,000 units. calculate the budgeted production for the first quarter.

  • DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units....

    DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...

  • A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third qu...

    A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 4,800; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expense per unit sold amount to approximately $0.20, paid in cash in month of sale. Fixed marketing expense per month amount to $12,000 of salaries, $5,250 of depreciation (delivery trucks), and $2,300 of insurance (paid month ly) a. What is the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT