AC Sales has estimated quarterly sales for next year, starting with Quarter 1, of $16,200, $17,300, $18,700, and $20,400.If purchases are equal to 72 percent of the following quarter's sales, what is the estimated amount of purchases for Quarter 2?

Question

Quizplus · Accepted Answer

Purchases for Quarter 2 are 72% of Quarter 3's sales. Quarter 3's sales are $18,700, so purchases for Quarter 2 are 0.72 * $18,700 = $13,464.

AC Sales Has Estimated Quarterly Sales for Next Year, Starting