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21 Dresden industries sells airplane accessories for $205 each. It expects sales of 120,000 units in quarter 1 and a $%% increase each subsequent quarter
21 Dresden industries sells airplane accessories for $205 each. It expects sales of 120,000 units in quarter 1 and a $%% increase each subsequent quarter for the next & quarters, 2021-2022. Prepare a sales budget by quarter for the first year (2021]. 7 POINTS Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Grading Feedback: 22 Cash collections for Flying Goose Lights found that 55%% of sales were collected in the month of sale, 25%% was collected the month after the sale, and 20% was collected the second month after the sale. Given the sales shown below, how much cash will be collected in March and April? 4 POINTS Sales January $135,000 February $120,000 March $112,000 April $85,000 Provide your answers in the table below Month Cash Receipts March April Grading Feedback: 23 Bear Paw Pies produces frozen pies for resale at local grocery stores. The company is currently in the process of establishing a master budget on a quarterly basis for the next fiscal year, which ends December 31, 2022. Prior year (2021) quarterly sales were as follows: Quarter 1 7,200 pies Quarter 2 10,500 pies Quarter 3 8,500 pies Quarter 4 15,800 pies In the coming year (2022], pie sales are expected to increase 9% over 2021, and each pie is expected to sell for $5. Management prefers to maintain ending finished goods inventory equal to 7%% of next quarter's sales. Assume desired finished goods inventory at the end of the fourth quarter of 2022 is estimated to be 3,000 pies. Prepare a production budget in good form for Bear Paw Pies for 2022. 10 POINTS Quarter 1 Quarter 2 Quarter Quarter 4 Pies Needed Total to Produce
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