The Schonlind Company has gathered information regarding past sales: Year Sales 1999 300,000 2000 225,000 2001 325,000
Question:
The Schonlind Company has gathered information regarding past sales:
Year Sales
1999 300,000
2000 225,000
2001 325,000
2002 650,000
2003 540,000
2004 675,000
2005 825,000
Required:
You noticed a sudden jump in sales in 2002. After inquiring about this jump, you were told that there was a one-time sale for $200,000 in that year that is not likely to be repeated. What revision, if any, would you make in the sales information used for projection?
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Computation of the Projected Sales Year Sales 1999 300000 2000 225000 20...View the full answer
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Related Book For 
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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