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Following is the sale record of a product in year 2020 & 2021:Year Spring Summer Fall Winter2020 1000 units 1500 units 1000 units 700 units2021 1100 units 1400 units 1100 units 600 unitsRequired: Determine De-seasonalized Sale Value (in units) for Spring, 2020?Important Instruction: Round your answer to the nearest integer.

Question

Following is the sale record of a product in year 2020 & 2021:Year Spring Summer Fall Winter2020 1000 units 1500 units 1000 units 700 units2021 1100 units 1400 units 1100 units 600 unitsRequired: Determine De-seasonalized Sale Value (in units) for Spring, 2020?Important Instruction: Round your answer to the nearest integer.

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Solution 1

To calculate the de-seasonalized sale value, we first need to calculate the seasonal index for each season. The seasonal index is calculated by dividing the total sales for a specific season by the total sales for the year.

Here are the steps to calculate the de-seasonalized sale value for Spring, 2020:

  1. Calculate the total sales for each year:

    For 2020: 1000 (Spring) + 1500 (Summer) + 1000 (Fall) + 700 (Winter) = 4200 units

    For 2021: 1100 (Spring) + 1400 (Summer) + 1100 (Fall) + 600 (Winter) = 4200 units

  2. Calculate the total sales for Spring over the two years: 1000 (2020) + 1100 (2021) = 2100 units

  3. Calculate the seasonal index for Spring: 2100 (total Spring sales) / 8400 (total sales for both years) = 0.25

  4. Calculate the de-seasonalized sale value for Spring, 2020: 1000 (Spring 2020 sales) / 0.25 (Spring seasonal index) = 4000 units

So, the de-seasonalized sale value for Spring, 2020 is 4000 units.

This problem has been solved

Solution 2

To calculate the de-seasonalized sale value, we first need to calculate the seasonal index for each season. The seasonal index is calculated by dividing the total sales for a particular season by the total sales for the year.

Step 1: Calculate the total sales for each year.

For 2020: 1000 units (Spring) + 1500 units (Summer) + 1000 units (Fall) + 700 units (Winter) = 4200 units

For 2021: 1100 units (Spring) + 1400 units (Summer) + 1100 units (Fall) + 600 units (Winter) = 4200 units

Step 2: Calculate the seasonal index for Spring.

For 2020: 1000 units (Spring sales) / 4200 units (total sales) = 0.238

For 2021: 1100 units (Spring sales) / 4200 units (total sales) = 0.262

Step 3: Calculate the average seasonal index for Spring.

(0.238 + 0.262) / 2 = 0.25

Step 4: Calculate the de-seasonalized sale value for Spring, 2020.

1000 units (Spring sales) / 0.25 (average seasonal index) = 4000 units

So, the de-seasonalized sale value for Spring, 2020 is 4000 units.

This problem has been solved

Similar Questions

Following is the sale record of a product in year 2020 & 2021:Year Spring Summer Fall Winter2020 1000 units 1500 units 1000 units 700 units2021 1100 units 1400 units 1100 units 600 unitsRequired: Determine De-seasonalized Sale Value (in units) for Spring, 2020?Important Instruction: Round your answer to the nearest integer.

The following information was available for the year ended December 31, 2022:Net sales $ 300,000Cost of goods sold 210,000Average accounts receivable for the year 15,000Accounts receivable at year-end 18,000Average inventory for the year 60,000Inventory at year-end 70,000The inventory turnover for 2022 was:

The following information was available for the year ended December 31, 2022:Sales $ 300,000Net income 50,000Average total assets 750,000Average total stockholders' equity 500,000Turnover for the year ended December 31, 2022 was:

(Amounts Expressed in Millions) 2020 2019For the Fiscal Years Ended September 26 and September 28, respectively:Net sales $ 274,515 $ 260,174Costs of sales 169,559 161,782Operating income 66,288 63,930Net income $ 57,411 $ 55,256At Year-End: Assets    Current assets:    Cash and cash equivalents $ 38,016 $ 48,844Short-term marketable securities 52,927 51,713Accounts receivable, net 16,120 22,926Inventories 4,061 4,106Vendor non-trade receivables 21,325 22,878Other current assets 11,264 12,352Total current assets 143,713 162,819Noncurrent assets:    Long-term marketable securities 100,887 105,341Property, plant, and equipment, net 36,766 37,378Other noncurrent assets 42,522 32,978Total noncurrent assets $ 180,175 $ 175,697Total assets $ 323,888 $ 338,516Liabilities and Shareholders’ Equity    Current liabilities:    Accounts payable $ 42,296 $ 46,236Other current liabilities 42,684 37,720Deferred revenue 6,643 5,522Commercial paper 4,996 5,980Current portion of term debt 8,773 10,260Total current liabilities 105,392 105,718Noncurrent liabilities:    Noncurrent portion of term debt 98,667 91,807Other noncurrent liabilities 54,490 50,503Total noncurrent liabilities 153,157 142,310Total liabilities 258,549 248,028Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 45,174Retained earnings 14,966 45,898Accumulated other comprehensive income/(loss) (406) (584)Total shareholders’ equity 65,339 90,488Total liabilities and shareholders’ equity $ 323,888 $ 338,516At September 29, 2018, total assets were $365,725 and total shareholders’ equity was $107,147.Required:Calculate Apple Incorporated’s working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019.

Following is the sale record of a product in year 2020:Spring = 1,040 unitsSummer = 1,427 unitsFall = 902 unitsWinter = 707 unitsRequired: Determine Seasonality Index for Winter?Important Instruction: Write your answer up to three decimal places.

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