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A. Reyes Trading Inc. presents the actual sales of the first three months of the year 2019 on its three products as follows: Product
A. Reyes Trading Inc. presents the actual sales of the first three months of the year 2019 on its three products as follows: Product VB January P230,000 February P 264,000 March P 287,200 PRODUCT KZ TOTAIL P 390,000 P 620,000 P 410,000 P 674,000 P 425,000 P 712,200 The business expects that the trends for the past three months will continue in April and May 2019 REQUIRED: Determine the projected sales for April and May 2019 for the two products. Rounds the amount to thousand B. ABC Manufacturing Company is expected to have a 15% increase in sales in 2020 against the 2019 sales of P500,000. The company projects 10% margins at the end of 2020. Forty percent of the net profit margin will be returned to the stakeholders in the forms of dividends. REQUIRED: Compute the amount to be added to the retained earnings.
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