Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Edington Electronics Inc produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $27, respectively. Because of the

image text in transcribed
image text in transcribed
image text in transcribed
Edington Electronics Inc produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $27, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows Product XQ-103 XQ-104 Unit Sales Quarter 1 Quarter 2 22740 27,280 14,680 16,990 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total Product Units Quarter 1 Selling Price Total Sales Uni XQ-103 22.740 12 2.72,880 X0-104 14,680 27 3.96.360 Totals 37.420 6,69.240 e Textbook and Media Save for later Attempts: 2 of 5 used Submit Answer 1 Your answer is partially correct. Edington Electronics Inc. produces and sells two models of pocket calculatort, XQ-103 and XQ-104 The calculators sell for $12 and $27, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows Product XQ-103 X0-104 Unit Sales Quarter 1 Quarter 2 22740 27,280 14.680 16,990 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the units selling price, and total sales by product and in total EDINGTON ELECTRONICS INC. Sales Budget June 30, 2020 Quarter 2 Units Selling Price Total Sales Units 12 M SOCCO MO eTextbook and Media Attemple20f5uted MacBook Air Your answer is partially correct. Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $27, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows. Product XQ-103 XQ-104 Unit Sales Quarter 1 Quarter 2 22,740 27,280 14,680 16,990 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the 6 months, units, selling price and total sales by product and in total Six Months Selling Price Total Sales Units 6.0.240 Total Sales 50,020 3.27.360 31.670 4.58.730 1455330 81.690 7.86.00 e Textbook and Media Attempts: 2 of 5 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Accounting Principles In Islamic Finance

Authors: Samir Alamad

1st Edition

3030162982, 9783030162986

More Books

Students also viewed these Accounting questions

Question

What are the main steps in creating a budget?

Answered: 1 week ago

Question

=+3. How will you measure action objective?

Answered: 1 week ago

Question

=+2. What research methodologies would be most effective?

Answered: 1 week ago

Question

=+ Focus groups with representative publics. Which publics?

Answered: 1 week ago