Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment: toasted pastillas, yema balls, red velvet crinkles, and sylvanas. Marin wants to prepare a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue. Sales forecast in per pack of each product for each product for each month is as follows: Toasted PastillasYema BallsRed Velvet CrinklesSylvanasOctober15,00018,00012,0006,500November24,00018,50014,0005,000December42,00020,00018,0007,000Martin sells the products under the following prices: Toasted Pastillas 120/ pack, Yema Balls 100/ pack. Red Velvet Crinkles 180/ pack, and Sylvanas 200 per pack Prepare Martin's sales budget for the fourth quarter of 2014.

Sales budget of the business shows expected or budgeted sales revenue of the business. It is…

Answered: Martin is a retailer engaged in selling…

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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Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment: toasted pastillas, yema balls, red velvet crinkles, and sylvanas. Marin wants to prepare a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue. Sales forecast in per pack of each product for each product for each month is as follows:

	Toasted Pastillas	Yema Balls	Red Velvet Crinkles	Sylvanas
October	15,000	18,000	12,000	6,500
November	24,000	18,500	14,000	5,000
December	42,000	20,000	18,000	7,000

Martin sells the products under the following prices: Toasted Pastillas 120/ pack, Yema Balls 100/ pack. Red Velvet Crinkles 180/ pack, and Sylvanas 200 per pack Prepare Martin's sales budget for the fourth quarter of 2014.

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