Question
Actual sales for 2018: October 222,137 November 259,826 December 77,687 Forecasted sales for 2018: October 138,004 November 157,154 December 176,304 Based on Above: 1) What
Actual sales for 2018:
October 222,137
November 259,826
December 77,687
Forecasted sales for 2018:
October 138,004
November 157,154
December 176,304
Based on Above:
1) What inherent weaknesses does this forecast have?
2) Based on this simple preliminary forecast: What audit evidence will the auditor need to obtain during the audit to become comfortable with revenue during Q4?
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
