Use the following data to answer the following 3 questions: At the end of last year, Axel Corporation had an ending inventory of 2,100 scooters. In the current year, Axel estimates it will sell 5,000 units during the first quarter of the current year, with a 10% increase in sales each quarter. It is the company's policy to maintain an ending inventory equal to 20% of the next quarter's budgeted sales. Each scooter costs $120 to produce and sold for $200. 13. What are the required units to produce Quarter 3: A) 6,050 B) 6,171 C) 5,610 D) 7,381 14. How much is the budgeted sales revenue for the third quarter of the current year? A) $1,210,000 C) $1,476,200 D) $1,331,000 B) $1,234,200

Garrett Industries turns over its inventory six times each year; it has an average collection period of 35 days and an average payment period of 30 days. The firm’s annual sales are $ 5 million, costs of goods sold $ 1 million while other operating costs excluding depreciation $ 2 million.   Based on the data find the firm’s cash conversion cycle and resource investment requirement if it makes the following changes simultaneously:   (1) Shortens the average age of inventory by 5 days. (2) Speeds the collection of accounts receivable by an average of 10 days. (3) Extends the average payment period by 10 days.   If the firm pays 13% WACC, by how much, if anything,  could it reduce annual costs of working capital financing?

ABB Company reported the results from sales of 5,000 units of Product Y for April 2022. See image.Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to maintain an operating income of P20,000? Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to earn a net income of P48,000? ABB is subject to 25% corporate income tax.

Cherboneau Novelties produces drink coasters (among many other products). During the current year (year 0), the company sold 530,000 units (packages of 6 coasters). In the coming year (year 1), the company expects to sell 560,000 units, and, in year 2, it expects to sell 744,000 units. The target ending finished goods inventory for each month is equal to the next month's sales. However, because of production issues, the ending inventory in the current year is expected to be only 17,000 units. Each unit requires 0.5 pound of cork. At the end of the current year, management expects to have 21,250 pounds of cork in inventory. Management has set a target to have cork on hand equal to one half of next month's sales requirements. Sales and production take place evenly throughout the year. Required: 8. Compute the total targeted production of the finished coaster for the coming year. b. Compute the required amount of cork to be purchased for the coming year. a. Total targeted production in…

Cherboneau Novelties produces drink coasters (among many other products). During the current year (year O), the company sold 535,000 units (packages of 6 coasters). In the coming year (year 1), the company expects to sell 570,000 units, and, in year 2, expects to sell 804,000 units. The target ending finished goods inventory for each month is equal to the next month's sales. However, because of production issues, the ending inventory in the current year is expected to be only 19,500 units. Each unit requires 0.5 pound of cork. At the end of the current year, management expects to have 22,500 pounds of cork in inventory. Management has set a target to have cork on hand equal to one half of next month's sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished coaster for the coming year. b. Compute the required amount of cork to be purchased for the coming year. a. Total targeted production in units…

Dodge Ball Bearings had sales of 12,000 units at $80 per unit last year. The marketing manager projects a 30 percent increase in unit volume sales this year with a 15 percent price decrease (due to a price reduction by a competitor). Returned merchandise will represent 7 percent of total sales. What is your net dollar sales projection for this year?

Cherboneau Novelties produces drink coasters (among many other products). During the current year (year 0), the company sold 521,000 units (packages of 6 coasters). In the coming year (year 1), the company expects to sell 542,000 units, and, in year 2, it expects to sell 636,000 units. The target ending finished goods inventory for each month is equal to the next month's sales. Howeve because of production issues, the ending inventory in the current year is expected to be only 12,500 units. Each unit requires 0.5 pound of cork. At the end of the current year, management expects to have 19,000 pounds of cork in inventory Management has set a target to have cork on hand equal to one half of next month's sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished coaster for the coming year. b. Compute the required amount of cork to be purchased for the coming year. a. Total targeted production in units…

Cherboneau Novelties produces drink coasters (among many other products). During the current year (year 0), the company sold 522,000 units (packages of 6 coasters). In the coming year (year 1), the company expects to sell 544,000 units, and, in year 2, it expects to sell 648,000 units. The target ending finished goods inventory for each month is equal to the next month's sales. However, because of production issues, the ending inventory in the current year is expected to be only 13,000 units. Each unit requires 0.5 pound of cork. At the end of the current year, management expects to have 19,250 pounds of cork in inventory. Management has set a target to have cork on hand equal to one half of next month’s sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished coaster for the coming year. b. Compute the required amount of cork to be purchased for the coming year. (540,000 units for a is incorrect…

Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 30% of the sales are for cash. 65% of the credit customers pay within the quarter and 5% will not be collected from the succorers.. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at O a. $3,051,000. O b. $4,428,000. O c. $5,319,000. O d. $5,156,000. e. None of the answers is correct Clear my choice

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