Quarterly Sales Is Given for the Past 3 Years

question 28

Essay

Quarterly sales is given for the past 3 years. Determine the seasonal factors for each quarter.
$$\begin{array} { | c | c | c | c | c | } \hline & \text { Winter } & \text { Spring } & \text { Summer } & \text { Fall } \\\hline \text { Year 1 } & 4800 & 4500 & 4100 & 5500 \\\hline \text { Year 2 } & 5700 & 3800 & 4500 & 6000 \\\hline \text { Year 3 } & 6000 & 4600 & 4900 & 6500 \\\hline\end{array}$$

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Definitions:

Noncontrolling Interest

An ownership interest in a company that is less than 50%, usually reflected as a separate component of equity on a parent company’s balance sheet, representing the portion of its subsidiaries not owned by the parent.

Dividends

Distributions made from a company's earnings to its shareholders, typically in the form of cash.

Consolidated Statement

A financial report that combines the financial results of a parent company and its subsidiaries, presenting the financials as a single entity.

Consolidated Net Income

The total net income of a parent company and its subsidiaries after adjusting for inter-company transactions and minority interests, presented in consolidated financial statements.