Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 in creating a budget for her company, Josie is developing several budget proposals to help her team plan for b All answers should be
1 in creating a budget for her company, Josie is developing several budget proposals to help her team plan for b All answers should be in whole numbers using commas to separate thousands (e.g. 1,750,000 not 175 9 Fixed costs are $3,575,000 Per unit variable costs are $18 Each unit sells for $43 . The target profit is $2,000,000. Last year's sales revenue was $8,500,000 Sales Revenues grew by 6.25% last year. - The CAGR over the past 4 years is 5.75% The following 5 questions relate to preparing a budget with a target profit from operations of $2 million. 1. The contribution rate per unit is $ 25 2. The number of units the company will need to sell under this budget is 14,300 3. The sales revenue required under this budget is $ 614,900 4. The Gross Profit estimate under this budget is $1 5. The Operating Profit estimate under this budget is $I For Blank 5 uni For Blank 6 The following 5 questions relate to preparing a budget using last year's revenue growth rate to estimate sales revenue 1. The contribution rate per unit is $ 2. The revenue estimate for this budget is 5 3. The number of units needed to be sold to reach that target sales revenure goal is The Gross Profit estimate under this budget is S The Operating Profit estimate under this budget is S ICAGO to estimate sales revenue
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started