Answer what is being asked. Show your computation on the space provided.1. Roxas company sold 23,430 units of product A in 2020 which 10% compared to the units sold in 2019.The products were sold at P300 per unit. Because of heavy advertising and other promotional activitiesand shift in buyer's preferences, the company expect to increase the sales by 15% in 2021 against the2020 performance. The company plans to sell the product at P350 per unit.Required: Prepare the sales budgetSales Budget2021Estimated PriceSellingUnitsSalesProjected Sales

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Answered: 1. Roxas company sold 23,430 units of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Green Tour Company shows the following estimates for sales for 2017: Q1 Q2 Q3 Q4 Year Units Sold 16000 8200 9250 4100 The company expects to sell its walking tours for $99.00 per person. Prepare the sales budget.
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Mary's Baskets Company expects to manufacture and sell 23,000 baskets in 2019 for $7 each. There are 3,000 baskets in beginning finished goods inventory with target ending inventory of 3,000 baskets. The company keeps no work - in- process inventory. What amount of sales revenue will be reported on the 2019 budgeted income statement? O A. $140,000 O B. $119,000 OC. $182,000 OD. $161,000
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36. At January 1, 2020, Jake, Inc. has beginning inventory of 4,000 surfboards. Jake estimates it will sell 15,000 units during the first quarter of 2020 with a 10% increase in sales each quarter. Jake's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $200 and is sold for $250. How much is budgeted sales revenue for the third quarter of 2020? a) $18,150 b) $4,537,500 c) $907,500 d) $3,750,000
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