Question
31. A company's sales were $ 200,000 last quarter. For the current quarter, the company budgeted an 8% increase in the number of units to
31. A company's sales were $ 200,000 last quarter. For the current quarter, the company budgeted an 8% increase in the number of units to be sold and a 5% increase in the unit sales price. What is the monetary amount of sales in the budget for the current quarter?
to. It cannot be calculated without knowing the unit sale price of the last quarter b. $ 226,000 c. $ 210,000 d. $ 216,000 and. $ 226,800
32. With respect to the previous question, suppose that the company pays commissions to the sellers and that this expense varies directly with the sales. Last quarter commission expense was $ 6,000. How much will the estimate be for this quarter? to. $ 6,000 x 1.05 = $ 6,300 b. $ 6,000 x 1.08 = $ 6,480 c. $ 6,000 x 1.13 = $ 6,780 d. None of the above
33. A company makes all its sales on credit. Collect 20% of the accounts in the month of sales; 50% in the month following sales, 25% in the second month after sales, and 5% in the third month after sales. You do not have bad debts. How much will be the amount charged in the month of November? to. The question cannot be answered if monetary amounts are not provided. b. 5% of August sales + 25% of September sales + 50% of October sales + 20% of November sales c. 5% of September sales + 25% of October sales + 70% of November sales d. 70% of September sales + 25% of October sales + 5% of November sales
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