1. Oxford Industries has the following sales forecasts for its snowshoes next year: First Quarter 24,000 pairs Second Quarter 4 % increase over first quarter Third Quarter 5 % decrease from second quarter Fourth Quarter 7 % increase over first quarter What is Oxfords estimated sales revenue for next year if each pair sells for an average of $25? Multiple Choice $2,304,000. $2,400,000. $2,404,800. $2,458,800.

2.

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Time Remaining 30 minutes 47 seconds

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Item 10

Item 10

Time Remaining 30 minutes 47 seconds

00:30:47

To derive the raw material to purchase during an accounting period, an accountant would calculate the raw material required for production and then:

Multiple Choice

• add the beginning raw-material inventory and subtract the desired ending raw-material inventory.

• add the desired ending raw-material inventory and subtract the beginning raw-material inventory.

• add the desired ending raw-material inventory and subtract both the beginning raw-material inventory and the expected units to be sold.

• add the beginning raw-material inventory and the desired ending raw-material inventory.

• subtract the beginning raw-material inventory and the desired ending raw-material inventory.