Bramble Corp. estimates its sales at 280000 units in the first quarter and that sales will increase by 18000 units for each subsequent quarter over the year. The company has, and desires, an ending finished goods inventory equal to 25% of next quarter's sales. Each unit sells for $40.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is collected in the quarter following sale. Production in units for the third quarter should be budgeted at 316000. 399500. O 319500. 320500.

Bramble Corp. estimates its sales at 280000 units in the first quarter and that sales will increase by 18000 units for each subsequent quarter over the year. The company has, and desires, an ending finished goods inventory equal to 25% of next quarter's sales. Each unit sells for $40.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is collected in the quarter following sale. Production in units for the third quarter should be budgeted at 316000. 399500. O 319500. 320500.

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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Question

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21. Bramble corp. estimates it’s sales at…

Bramble Corp. estimates its sales at 280000 units in the first quarter and that sales will increase by 18000 units for each subsequent
quarter over the year. The company has, and desires, an ending finished goods inventory equal to 25% of next quarter's sales. Each unit
sells for $40.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is collected in the
quarter following sale.
Production in units for the third quarter should be budgeted at
316000.
399500.
319500.
320500.

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