AC Sales Has Estimated Quarterly Sales for Next Year, Starting

question 111

Multiple Choice

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?

• A)$12,960
• B)$14,688
• C)$12,456
• D)$13,464
• E)$13,720

---

Definitions:

Sole Authority

Exclusive power or right to decide, direct, or manage something without needing approval or consent from others.

Partnership

is a legal form of business operation between two or more individuals who share management and profits.

Criminally Liable

The legal responsibility for a crime, implicating that an individual can be prosecuted and potentially convicted for their actions.

Partnership Agreement

A contract between partners in a business that outlines the terms of their partnership, such as distribution of profit and loss, and management duties.