ngageNOWv2| Online teachin xtakeAssignment/takeAssignmentMain.do?invoker%-&takeAssignmentSessionLocator%=&inprogress%3falseく☆eBook2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units soldof the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a salesbudget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in totalfor the first quarter. If required, round your answers to the nearest cent.FlashKick CompanySales BudgetFor the First QuarterJanuaryFebruaryMarchQuarterPractice ball:Units50,000 V58,000 V80,000 V188,000 VUnit price8.25 V $8.25 V8.25 V $8.25Sales412,500 V$478,500 V660,000 V1,551,000 VMatch ball:Units4,2004,500 V7,800 V16,50015 V15 V $15 V15 VUnit price67,500 V $117,000 V247,500 VSales$ 63,000VTournament ball:5,200 V11,000 V2,8003,000Units

The question is related to Sales budget for month wise and quarter wize. Sales Value is calculated…

ngageNOWv2 | Online teaching x takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook 2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for FlashKick for the first three months of the coming vear. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units 50,000 V 58,000 V 80,000 V 188,000 V Unit price 8.25 8.25 V 8.25 8.25 V Sales $ 412,500 478,500 V $ 660,000V 1,551,000 Match ball: Units 4,200 V 4,500 V 7,800 V 16,500 V Unit price 15 15 15 V 15 $4 $ 63,000 V 67,500 117,000 247,500 V Sales Tournament ball: 5,200 V 11,000 V 2,800 3,000 Units

ngageNOWv2 | Online teaching x takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook 2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for FlashKick for the first three months of the coming vear. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units 50,000 V 58,000 V 80,000 V 188,000 V Unit price 8.25 8.25 V 8.25 8.25 V Sales $ 412,500 478,500 V $ 660,000V 1,551,000 Match ball: Units 4,200 V 4,500 V 7,800 V 16,500 V Unit price 15 15 15 V 15 $4 $ 63,000 V 67,500 117,000 247,500 V Sales Tournament ball: 5,200 V 11,000 V 2,800 3,000 Units

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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NEED ANSWER FOR ALL OR SKIP PLEASE DO NOT SAY ABOUT YOUR GUIDELINES PROVIDE COMPLETE CORRECT WELL EXPLAINED FORMULATED ANSWER FOR ALL PARTS Disk City, Inc., is a retailer for digital video disks. The projected net income for the current year is $2,370,000 based on a sales volume of 270,000 video disks. Disk City has been selling the disks for $17 each. The variable costs consist of the $4 unit purchase price of the disks and a handling cost of $2 per disk. Disk City’s annual fixed costs are $600,000.Management is planning for the coming year, when it expects that the unit purchase price of the video disks will increase 20 percent. (Ignore income taxes.)Required:1. Calculate Disk City’s break-even point for the current year in number of video disks. (Round your final answer up to nearest whole number.)2. What will be the company’s net income for the current year if there is a 15 percent increase in projected unit sales volume?3. What volume of sales (in dollars) must Disk City achieve…
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