______________ is a quick estimate based on sales growth.Select one:a.percentage of salesb.moving averagec.monthly estimated.gross sales
Question
______________ is a quick estimate based on sales growth.Select one:a.percentage of salesb.moving averagec.monthly estimated.gross sales
Solution
The correct answer is a. percentage of sales. This method is often used for quick estimates because it is based on the growth rate of sales. Here's a step-by-step explanation:
- Identify the total sales for a specific period.
- Calculate the growth rate of sales by comparing the sales of the current period to the sales of the previous period.
- The percentage of sales is then calculated by dividing the growth rate by the total sales of the current period.
- This percentage gives a quick estimate
Similar Questions
(a) Calculate the 4-year moving average of the following data related to the sales in a department store.
What is the purpose of using moving averages in technical analysis? A. Assess company management B. Identify market trends C. Evaluate financial ratios D. Smooth out price data and identify trends
Where would you find an explanation as to why sales had increased by 25%?Select one:a.Common size financial statementsb.Management’s discussion and analysisc.Balance sheetd.Income statement
You've been provided with the following information about a businessComplete a horizontal analysis for the "Cost of sales" account. Round the percentage change to one decimal place (1 mark).Note: Do not enter the "%" symbol when entering your answer. For example if your answer is "5.1%", only enter "5.1".Profit and loss statement Current year Prior yearRevenue 15000 10000Less Cost of sales 6500 3000Gross profit 8500 7000Less expenses Marketing Expense 2000 1800Rent Expense 1500 1500Wages Expense 800 1000Utilities Expense 1500 1500Net profit 2700 1200
A production manager wants to assess the growth in the purchases over the past four months for a company. They have recorded the following data in an Excel spreadsheet:Month PurchasesOctober 2000November 2500December 3780January 1200______ is the growth rate in Jan month
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.