For the Third Quarter,the Sales Are 2,000 Units; the Seasonal

question 85

Multiple Choice

For the third quarter,the sales are 2,000 units; the seasonal index for the quarter is 0.80. What are the deseasonalized sales for the quarter?

• A)1,600
• B)2,000
• C)2,080
• D)2,500

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Definitions:

Losses Reported

Refers to the financial losses that a company discloses in its income statement over a specific period.

Presentation Currency

The form of money utilized in the presentation of a corporation's financial reports.

Shareholders Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the amount that would be returned to shareholders if all assets were liquidated and all debts repaid.

Closing Rate

The exchange rate used to convert foreign currency-denominated financial statements of a subsidiary into the reporting currency of the parent company at the balance sheet date.