CompPro Inc. Is a reatil distributor for QRT$-4$ computer hardware and related

software and support services. CompPro prepares annual sales forecasts of which the first six

months fo $2024$ are presented here.

Cash sales account for $30\%$ of CompPro's total sales, $30\%$ of the total sales are paid

by bank credit card, and the remaining $40\%$ are open account $($CompPro$\text{'}$s own charge

accounts$).$ The cash sales and cash from bank credit$-$card sales are received in the month of

the sale. Bank$-$credit card sales are subject to a $5\%$ discount deducted at the time of the daily

deposit. The cash receipts for sales on open account are $65\%$ in the month following the sale

and $32\%$ in the second month after the sale. The remaining accounts receivables are estimated

to be uncollectible. This applies for both, hardware sales and software sales & support

services.

ComPro's month$-$end inventory reiqurements for computer hardware units are $25\%$ of

the next month's sales. The inventory requirement for one month is ordered in previous

month. The orders for computer hardware units are places on th $20$th of each month to assure

that they will be in this store by the first day of the month needed. The computer hardware

units are purchased under terms of $\frac{n}{45}($payment in full within $45$ days of invoice$)$ measured

from the time units are delivered to CompPro. CompPro purchase price for the computer

units is $65\%$ of the selling price.

Assume the balances of accounts receivable and accounts payable at the beginning of

$2024$ are nil. The quantity of computer hardware inventory at the beginning of $2024$ is $20$

units. Sales $($in units$)$ in July are estimated to be the same as sales $($in units$)$ in June.

Required:

Calculate the cash that CompPro. Inc. Can expect collect each month in $2024.$ Be sure to

show all of your calculation.

CompPro. Inc. is determining how many QRT$-4$ computer hardware units to order each

month

a$.$ Determine the projected number of computer hardware units that will be ordered

each month.

b$.$ Calculate the dollar amount or the order that CompPro. will be place for these

computer hardware units.CompPro Inc. Is a reatil distributor for QRT$-4$ computer hardware and related

software and support services. CompPro prepares annual sales forecasts of which the first six

months fo $2024$ are presented here.

Cash sales account for $30\%$ of CompPro$$s total sales, $30\%$ of the total sales are paid

by bank credit card, and the remaining $40\%$ are open account $($CompPro$$s own charge

accounts$).$ The cash sales and cash from bank credit$-$card sales are received in the month of

the sale. Bank$-$credit card sales are subject to a $5\%$ discount deducted at the time of the daily

deposit. The cash receipts for sales on open account are $65\%$ in the month following the sale

and $32\%$ in the second month after the sale. The remaining accounts receivables are estimated

to be uncollectible. This applies for both, hardware sales and software sales & support

services.

ComPro$$s month$-$end inventory reiqurements for computer hardware units are $25\%$ of

the next month$$s sales. The inventory requirement for one month is ordered in previous

month. The orders for computer hardware units are places on th $20$th of each month to assure

that they will be in this store by the first day of the month needed. The computer hardware

units are purchased under terms of n$/45($payment in full within $45$ days of invoice$)$ measured

from the time units are delivered to CompPro. CompPro purchase price for the computer

units is $65\%$ of the selling price.

Assume the balances of accounts receivable and accounts payable at the beginning of

$2024$ are nil. The quantity of computer hardware inventory at the beginning of $2024$ is $20$

units. Sales $($in units$)$ in July are estimated to be the same as sales $($in units$)$ in June.

CompPro Inc.

Sales Forecast for Six Months of $2024$

Hardware Sales Software Sales

& Support Total Revenues

Units Dollars

January $135540\mathrm{.}000310\mathrm{.}000850\mathrm{.}000$

February $125500\mathrm{.}000280\mathrm{.}000780\mathrm{.}000$

March $115460\mathrm{.}000290\mathrm{.}000750\mathrm{.}000$

April $95380\mathrm{.}000240\mathrm{.}000620\mathrm{.}000$

May $105420\mathrm{.}000230\mathrm{.}000650\mathrm{.}000$

June $130520\mathrm{.}000370\mathrm{.}000890\mathrm{.}000$

Total $7052\mathrm{.}820\mathrm{.}0001\mathrm{.}720\mathrm{.}0004\mathrm{.}540\mathrm{.}000$

Required:

$1.$ Calculate the cash that CompPro. Inc. Can expect collect each month in $2024.$ Be sure to

show all of your calculation.

$2.$ CompPro. Inc. is determining how many QRT$-4$ computer hardware units to order each

month.

a$.$ Determine the projected number of computer hardware units that will be ordered

each month.

b$.$ Calculate the dollar amount or the order that CompPro. will be place for these

computer hardware units