Question

In financial language, a “quarter” is one quarter of a year, or three months. Your annual sales are $123,000. The sales are spread evenly over four quarters except that the sales in the last quarter are doubled any other quarter because of the holidays. What are your sales in the first quarter of the year?

Answer 1

Divide $123,000 by 5 and get

`24600`

Answer 2

$24600

Step-by-step explanation

In a financial year, a quarter is taken as 3 months.Each quarter earnings is a total of revenue collected for the quarter minus the expenses for that quarter.In this case, to get the sales in the first quarter of the year, take

$123,000÷5=$24600