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Fill in the Blank The management of XYZ Company is asking its budget officer to prepare the company's master budget for 2021 . Relevant data pertaining to its sales budget are as follows: The total sales that the company is expecting is 4, 000

Fill in the Blank The management of XYZ Company is asking its budget officer to prepare the company's master budget for 2021 . Relevant data pertaining to its sales budget are as follows: The total sales that the company is expecting is 4, 000

FINANCIAL ACCOUNTING
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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46 4 13:06 01:23:49 Remaining Fill in the Blank The management of XYZ Company is asking its budget officer to prepare the company's master budget for 2021 . Relevant data pertaining to its sales budget are as follows: The total sales that the company is expecting is 4 , 000 , 000 units . Quarterly sales are 25% , 30% , 15% , and 30% , respectively . Selling price for each unit is set to be P1 . 50 for the first quarter and eventually it will be increased to P1.75 per unit in the second quarter until the 4th quarter of the year . How much will be the total sales for the year ? P NOTE: *If your answer is in monetary value , OMIT the peso sign (ex: if the answer is One hundred pesos just type 100)
Transcribed Image Text:46 4 13:06 01:23:49 Remaining Fill in the Blank The management of XYZ Company is asking its budget officer to prepare the company's master budget for 2021 . Relevant data pertaining to its sales budget are as follows: The total sales that the company is expecting is 4 , 000 , 000 units . Quarterly sales are 25% , 30% , 15% , and 30% , respectively . Selling price for each unit is set to be P1 . 50 for the first quarter and eventually it will be increased to P1.75 per unit in the second quarter until the 4th quarter of the year . How much will be the total sales for the year ? P NOTE: *If your answer is in monetary value , OMIT the peso sign (ex: if the answer is One hundred pesos just type 100)
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