44 ABC Company had sold 500 pieces of handbags at 150 pesos each in just one month period. The company is positive to increase their sales by 10%per month. How much will the company's total sales forecast at the end of the year?O approximately 1,603,883 pesosO approximately 1,528,827 pesosO approximately 1,603,821 pesosapproximately 1,580,827 pesos

Sales in the first month = no. of bags sold * price per bag = 500 bags * 150 pesos per bag = 75,000…

Answered: ABC Company had sold 500 pieces of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 13P

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The Milton Company currently purchases an average of $27,000 per day in raw materials on credit terms of "net 40." The company expects sales to increase substantially next year and anticipates that its raw material purchases will increase to an average of $30,000 per day. Milton feels that it may need to finance part of this sales expansion by stretching accounts payable. Round your answers to the nearest dollar. a. Assuming that Milton currently waits until the end of the credit period to pay its raw material suppliers, what is its current level of trade credit? $ b. If Milton stretches its accounts payable an extra 10 days beyond the due date next year, how much additional short-term funds (that is, trade credit) will be generated? $
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