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Consider the following information: Jan Feb Mar Sales (units) 40 k 52.00 k ? Production (units) 41.2 k 52.30 k 56.65 k April sales are
Consider the following information:
| Jan | Feb | Mar |
Sales (units) | 40k | 52.00k | ? |
Production (units) | 41.2k | 52.30k | 56.65k |
April sales are expected to be 71.50k units. The firm has 4k units on hand at the beginning of Jan and wishes to maintain 10% of the next months unit sales in storage at the end of each month.
Required: Calculate the expected unit sales for Mar.
Note: The term k is used to represent thousands ( $1,000).
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