Question 1

When you first start out, you do not have any numbers for quarterly unit sales but do know that the previous owners had quarterly revenue of $100,000. Assuming revenue is equally divided between pants priced at $30 and tops priced at $20, estimate the unit sales of each using the following formula:

Product Sales = Total Revenue x Product % / Product Price

What are the estimated quarterly top sales?

Group of answer choices

2,500

3,000

2,000

2,200

Question 2

A store sold 3,000 tops and 2,500 pants last quarter. They plan to increase marketing by $5,000 in the next quarter with the expectation of increasing sales by 10%. Assuming no seasonal change in demand, what are the forecasted unit sales for tops and pants?

Group of answer choices

Tops: 3,500 and Pants: 3,000

Tops: 2,750 and Pants: 3,300

Tops: 3,250 and Pants: 2,670

Tops: 3,300 and Pants: 2,750

Question 3

Sales for the last quarter of the year were good, with tops sales at 4,000 units and pants sales at 3,200 units. Demand for the first quarter sales of next year is expected to decline by 6%. What is your forecast for the demand for tops and pants?

Group of answer choices

Tops: 3,760 and Pants: 3,008

Tops: 3,675 and Pants: 4,307

Tops: 3,365 and Pants: 2,986

Tops: 3,892 and Pants: 3,006