2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line bymonth and in total for the first quarter. If required, round your answers to the nearest cent.FlashKick CompanySales BudgetFor the First QuarterJanuaryFebruaryMarchQuarterPractice ball:Units50,000 V56,00080,000186,000Unit price8.258.258.258.25Sales412,500 V462,000660,000$ 1,534,500Match ball:Units3,6007,5008,40016,500Unit price161616 V $16Sales96,000 X120,000 x224,000 X$ 3,640,000 XTournament ball:Units2,400 V3,0005,60011,000Unit price2$45 V45482$46.53Sales$ 108,000135,000268,800511,800Total sales.616,500717,000X1,152,800$ 5,686,300 Sales BudgetFlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match bal| line (high-performancesoccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:Practice BallsMatch BallsUnitsSelling PriceUnitsSelling PriceJanuary50,000$8.256,000$16.00February56,000$8.257,500$16.00March80,000$8.2514,000$16.00April100,000$8.2518,000$16.00

Calculation of sales budgets is as follows: Resultant table:

2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold thế match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units 50,000 56,000 v 80,000 V 186,000 Unit price 8.25 8.25 V $ 8.25 V 8.25 Sales 412,500 V 462,000 V 660,000 V 1,534,500 Match ball: Units 3,600 V 7,500 x 8,400 V 16,500 V Unit price 16 V %24 16 V $ 16 V 16 V Sales 96,000 x $ 120,000 X 224,000 x 3,640,000 X Tournament ball: Units 2,400 3,000 V 5,600 11,000 Unit price 45 V 45 V $ 48 V 46.53 Sales 108,000 v 135,000 v $ 268,800 V 511,800 V 616.500 e 717.000 1.152.800 5.686.300 Total calor

2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold thế match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units 50,000 56,000 v 80,000 V 186,000 Unit price 8.25 8.25 V $ 8.25 V 8.25 Sales 412,500 V 462,000 V 660,000 V 1,534,500 Match ball: Units 3,600 V 7,500 x 8,400 V 16,500 V Unit price 16 V %24 16 V $ 16 V 16 V Sales 96,000 x $ 120,000 X 224,000 x 3,640,000 X Tournament ball: Units 2,400 3,000 V 5,600 11,000 Unit price 45 V 45 V $ 48 V 46.53 Sales 108,000 v 135,000 v $ 268,800 V 511,800 V 616.500 e 717.000 1.152.800 5.686.300 Total calor

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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