Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,050,000 square feet for sales revenues of $9,632,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 15 new malls are under construction with an average size of 4,532,000 square feet. What is Nelson's anticipated sales revenue for the coming year? Hints: Make sure to round all intermediate calculation to at least five decimal places.
Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is shopping mall construction, and it uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,050,000 square feet for sales revenues of $9,632,000. Nelson is the primary contractor for one-third of the new malls in the four-state area. This coming year, 15 new malls are under construction with an average size of 4,532,000 square feet. What is Nelson's anticipated sales revenue for the coming year? Hints: Make sure to round all intermediate calculation to at least five decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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12.
Transcribed Image Text:Sales forecast based on external data. Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business
is shopping mall construction, and it uses the square footage
states. Last year, it completed heating and ventilating systems in four shopping malls with an average size of 3,050,000 square feet for sales revenues of $9,632,000. Nelson is the
primary contractor for one-third of the new malls in the four-state area. This coming year, 15 new malls are under construction with an average size of 4,532,000 square feet. What is
Nelson's anticipated sales revenue for the coming year?
each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest
Hints: Make sure to round all intermediate calculation to at least five decimal places.
What is Nelson's anticipated sales revenue?
$ (Round to the nearest dollar.)
Transcribed Image Text:Production cash outflow. California Cement Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The
inventory safety stock is 19% of the anticipated month's sale. Beginning inventory in September 2014 was 33,645 units. Each unit costs $2.88. The average sales price per unit is
$5.79. The cost is made up of 29% labor, 62% materials, and 9% shipping (to the warehouse). The company pays for labor the month of production, shipping the month after
production, and raw materials the month prior to production. What is the production cash outflow for products produced in the month of September 2014, and in what months does it
occur? Note: September production is based on November anticipated sales. The following are the fourth-quarter sales for 2014: $1,799,000 (October), $1,506,000 (November),
and $2,040,000 (December).
What is the production cash outflow for the month of September 2014 production?
The labor cost is S. (Round to the nearest dollar.)
The raw materials cost is $. (Round to the nearest dollar.)
The shipping cost is $. (Round to the nearest dollar.)
In what months does the production cash outflow for the month of September 2014 production occur?
The production cash outflow for the month of September 2014 production is as follows: (Select the best response. Due to rounding, numbers below might differ from your original answers
a few dollar units)
O A. August labor, $230,414; September for raw materials, $492,610; October for shipping, $71,508.
O B. August for shipping, S71,508; September raw materials, $492,610; October for labor, $230,414.
OC. August for raw materials, $492,610; September for shipping, $71,508; October for labor, $230,414.
O D. August for raw materials, $492,610; September for labor, $230,414; October for shipping, $71,508.
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