Kraft Bakeries introduced in 2019 a new line of frozen apple pie. For 2019, sales by quarter were as follows: 21,000 units, 26,900 units, 24,500 units, and 30,400 units. Because of aggressive marketing and promotion, the company expects that sales for each quarter of 2020 will be 25% higher than the respective quarter in 2019. The selling price per unit in 2020 is expected to be $5.80. What are the expected sales, in units and dollars, for the second quarter of 2020? For the third quarter of 2020
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Kraft Bakeries introduced in 2019 a new line of frozen apple pie. For 2019, sales by quarter were as follows: 21,000 units, 26,900 units, 24,500 units, and 30,400 units. Because of aggressive marketing and promotion, the company expects that sales for each quarter of 2020 will be 25% higher than the respective quarter in 2019. The selling price per unit in 2020 is expected to be $5.80.
What are the expected sales, in units and dollars, for the second quarter of 2020? For the third quarter of 2020?
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