Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $16.00 February 58,000 $8.25 7,500 $16.00 March 80,000 $8.25 14,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: 1. Construct a sales budget for Smart Strike for the first three months of the coming year. 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. Smart Strike CompanySales BudgetFor the First Quarter of Next Year January February March Quarter Practice ball: Units ____ ____ _____ ______ Unit price $____ $____ $____ $____ Sales $________ $_______ $________ $_______ Match ball: Units _____ _____ _____ _______ Unit price $______ $______ $________ $______ Sales $______ $_____ $______ $_____ Total sales $____ $_____ $______ $_____ Question Content Area 2. What if Smart Strike 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 $45 each in January and February, and $48 each in March? Prepare a sales budget for Smart Strike for the first three months of the coming year. 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. Smart Strike CompanySales BudgetFor the First Quarter January February March Quarter Practice ball: Units _____ _______ ______ ______ Unit price $_______ $_______ $______ $______ Sales $_____ $_____ $_____ $_____ Match ball: Units ______ ______ _______ _______ Unit price $_____ $______ $______ $_____ Sales $_____ $_____ $_______ $______ Tournament ball: Units _____ ______ _____ ______ Unit price $_____ $_____ $_____ $_____ Sales $____ $______ $_____ $_______ Total sales $_____ $______ $_____ $_____

Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $16.00 February 58,000 $8.25 7,500 $16.00 March 80,000 $8.25 14,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: 1. Construct a sales budget for Smart Strike for the first three months of the coming year. 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. Smart Strike CompanySales BudgetFor the First Quarter of Next Year January February March Quarter Practice ball: Units __ _ Unit price $ $ $ $ Sales $ $_ $__ $_ Match ball: Units _ _ _ _ Unit price $ $ $ $ Sales $__ $_ $__ $_ Total sales $ $_ $__ $_ Question Content Area 2. What if Smart Strike 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 $45 each in January and February, and $48 each in March? Prepare a sales budget for Smart Strike for the first three months of the coming year. 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. Smart Strike CompanySales BudgetFor the First Quarter January February March Quarter Practice ball: Units _ _ Unit price $_ $_ $ $__ Sales $_ $_ $_ $_ Match ball: Units _ _ Unit price $_ $ $ $_ Sales $_ $_ $_ $ Tournament ball: Units _ __ _ __ Unit price $_ $_ $_ $_ Sales $ $__ $_ $___ Total sales $_ $__ $_ $___

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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Question Content Area

2. What if Smart Strike 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 $45 each in January and February, and $48 each in March? Prepare a sales budget for Smart Strike for the first three months of the coming year. 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.

Smart Strike CompanySales BudgetFor the First Quarter

	January	February	March	Quarter
Practice ball:
Units	_____	_______	______	______
Unit price	$_______	$_______	$______	$______
Sales	$_____	$_____	$_____	$_____
Match ball:
Units	______	______	_______	_______
Unit price	$_____	$______	$______	$_____
Sales	$_____	$_____	$_______	$______
Tournament ball:
Units	_____	______	_____	______
Unit price	$_____	$_____	$_____	$_____
Sales	$____	$______	$_____	$_______
Total sales	$_____	$______	$_____	$_____

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	Practice Balls	Match Balls
	Units	Selling Price	Units	Selling Price
January	50,000	$8.25	7,000	$16.00
February	58,000	$8.25	7,500	$16.00
March	80,000	$8.25	14,000	$16.00
April	100,000	$8.25	18,000	$16.00