XYZ Merchandising, which is engaged in the reselling of branded bags, is in the process of preparing its budgets for the calendar year 2016. Last vear XYZ was able to sell 1,500 bags with a selling price or 2,500 per bag. For the current year, the basis of both external and internal information. First quarter sales expected to be 400 bags. The firm also expects that unit sales per quarter wouid increase by 10. Selling price is also expected to increase by 5% for 2016. XYZ Merchandising Sales Budget For the year ended December 31, 2016 2nd 3rd Quarter 4th Quarter Total 1st Quarter Ex. 400 Quarter Expected Sales in Units Unit Sales 2,625 price Total Sales 1,050,000 Required: 1. Complete the projected sales budget for each quarter. 2. How much is the total projected sales budget?
XYZ Merchandising, which is engaged in the reselling of branded bags, is in the process of preparing its budgets for the calendar year 2016. Last vear XYZ was able to sell 1,500 bags with a selling price or 2,500 per bag. For the current year, the basis of both external and internal information. First quarter sales expected to be 400 bags. The firm also expects that unit sales per quarter wouid increase by 10. Selling price is also expected to increase by 5% for 2016. XYZ Merchandising Sales Budget For the year ended December 31, 2016 2nd 3rd Quarter 4th Quarter Total 1st Quarter Ex. 400 Quarter Expected Sales in Units Unit Sales 2,625 price Total Sales 1,050,000 Required: 1. Complete the projected sales budget for each quarter. 2. How much is the total projected sales budget?
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
Related questions
Question
Topic: Financial Planning Tools and Concepts
Direction: read and understand the case below and continue to fill in the sales budget table. (Please refer to the picture)
Transcribed Image Text:11. Direction: Read and understand the case below and continue to fill in the sales budget table.
I. TOPIC: FINANCIAL PLANNING TOOLS AND CONCEPTS
1. XYZ Merchandising, which is engaged in the reselling of branded bags, is in the process of prepanig to
budgets for the calendar year 2016. Last vear. XYZ was able to sell 1,500 bags with a selling price c
2,500 per bag. For the current year, the basis of both external and internal information. First quarter
saies expected to be 400 bags. The firm also expects that unit sales per quarter would increase by 10%.
Selling price is also expected to increase by 5% for 2016.
XYZ Merchandising Sales Budget
For the year ended December 31, 2016
2nd Quarter
3rd Quarter
4th Quarter
Total
1st Quarter
Ex. 400
Expected
Sales in
Units
Unit Sales
2,625
price
Total
1,050,000
Sales
Required: 1. Complete the projected sales budget for each quarter.
2. How much is the total projected sales budget?
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