Using the following Quarterly Sales Demand Data; read and answer the questions listed below. Quarter # Actual Sales (dollars) 1 1416 2 1398 3 1274 4 1167 Calculate the average quarterly Seasonal Index value? (rounded to 2 decimal places). Calculate the total sales if there is a 35% total annual sales decrease next year? (rounded to the nearest whole number) Calculate the Seasonal Index value for Quarter 3? (rounded to 2 decimal places)
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Using the following Quarterly Sales Demand Data; read and answer the questions listed below.
|
Quarter # |
Actual Sales (dollars) |
|
1 |
1416 |
|
2 |
1398 |
|
3 |
1274 |
|
4 |
1167 |
- Calculate the average quarterly Seasonal Index value? (rounded to 2 decimal places).
- Calculate the total sales if there is a 35% total annual sales decrease next year? (rounded to the nearest whole number)
- Calculate the Seasonal Index value for Quarter 3? (rounded to 2 decimal places)
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