Two articles A and B are manufactured in adepartment. Sales for the year 2021 were planned asfollows:Product1st2nd3rd4thQuarter Quarter Quarter Quarter(Units) (Units) (Units) (Units)Product 50,000 60,000 65,000 75,000AProduct 25,000 22,500 20,000 19,000BSelling price were sh. 40 per unit for A and sh. 20 perunit for B respectively. Average sales return is 5 % ofsales. What is the annual sales budget for the year2021?Select one:Sh 11,730,000O Sh 11,143,500Sh 9,500,000O Sh 10,750,000

An estimate for a company's total revenue for the upcoming financial periods is called a sales…

Answered: Selling price were sh. 40 per unit for…

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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A company has the following budgeted sales in each quarter of the year 2024: Expected Sales Q1 Q2 Q3 Q4 Cash collection information is as follows: $240,000 $280,000 $300,000 $420,000 1. Of all sales, 70% are on credit REMBRA 2. 60% of credit sales are collected in the quarter in which the sale is made; 30% are collected in the following quarter, and 10% are collected in the second quarter after the sale. 3. Accounts Receivable is estimated to be $63,000 on December 31,2023. The company expects to collect all outstanding receivabl in the first quarter of 2024. Q. What is the total cash collection for the second quarter of 2024? Answer. (Click to select) (Click to select) None of the answers are correct $231,000 $168,000 $252,000 $315,000
on 4 obinson Corp., which operates on a calendar year, expects to sell 1380 units in October, and expects sales to increase 130 units each month thereafter. Sales price expected to stay constant at $7 per unit. What are budgeted sales revenue for the fourth quarter? << < Question 4 of 5
Please help me with show all calculation thanku
Coronado Industries had sales in 2021 of $5,521,600 and gross profit of $893,200. Management is considering two alternative budget plans to increase its gross profit in 2022.Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 101,500 units from its 2021 level. Plan B would decrease the unit selling price by $0.50. The marketing department expects that the sales volume would increase by 105,560 units.At the end of 2021, Coronado has 32,480 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 28,420 units. If Plan B is accepted, the ending inventory should be equal to 48,720 units. Each unit produced will cost $1.5 in direct labor, $1.3 in direct materials, and $1.2 in variable overhead. The fixed overhead for 2022 should be $1,538,740.
Subject: accounting
Problem 1: ABC Corporation is preparing its sales and receivable budget for the year 2022. Details are as follows: • The sales during the 4th quarter of 2021 is 30,000 units and the selling price per unit is P500 per unit. Units to be sold is forecasted to increase by 5% per quarter while the sales price for 2022 will be 2% higher than the previous P500 per unit. • Of the sales per quarter, 55% are cash sales while the remaining credit sales. The credit sales are expected to be settled as follows: 5/9 will be collected during month of sales, 3/9 will be collected the month after month of sales, and the remaining will be written off two months after month of sale. The forecasted receivable balance on Jan. 1, 2022 is P3,500,000, 90% of which is expected to be collected during the first quarter while the remaining will be written off during the second quarter of 2022. Required: 1' Quarter 2nd Quarter 3rd Quarter 4th Quarter Sales 1. 2. 3. 4. Receivable balance as of the end of 5. 6. 7. 8.…
If the total annual income is $145,000, what amount is budgeted for housing 26% and insurance 11% combined?
The Company produces widgets. The sales forecast for 2022 is as follows: Quarter 1 3,000 Quarter 2 8,000 Quarter 3 5,000 Quarter 4 6,000 The unit selling price of the widgets is $200 each. Prepare a Sales Budget for 2022, including the annual total.
27.
Your essential costs per month are $1,678. What is your gross income for the year using the 20-60-20 budget model.

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Selling price were sh. 40 per unit for A and sh. 20 per unit for B respectively. Average sales return is 5 % of sales. What is the annual sales budget for the year 2021?