Preparing sales budgets with different assumptions
Applebaum 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 4 percent for East Division, 2 percent for West Division, and 6 percent for South Division.
Division | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |
East Division | $100,000 | ? | ? | ? |
West Division | 300,000 | ? | ? | ? |
South Division | 200,000 | ? | ? | ? |
Required
a.Complete the sales budget by filling in the missing amounts. (Round figures to the nearest dollar.)
b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.