Thornton Corporation, which has three divisions, is preparing its sales budget. Each division expects a different...
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Thornton Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. Note: Round your final answers to the nearest whole dollar amount. Division First Quarter Second Quarter Third Quarter Fourth Quarter Cummings Division $ 130,000 Springfield Division 390,000 Douglas Division 240,000 Complete this question by entering your answers in the tabs below. ces Required A Require B Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. First Quarter Second Quarter Third Quarter Fourth Quarter Sales revenue Thornton Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. Note: Round your final answers to the nearest whole dollar amount. Division First Quarter Second Quarter Third Quarter Fourth Quarter Cummings Division $ 130,000 Springfield Division 390,000 Douglas Division 240,000 Complete this question by entering your answers in the tabs below. ces Required A Require B Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. First Quarter Second Quarter Third Quarter Fourth Quarter Sales revenue
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