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Hey, I was wondering If I can get this last part solved, I have submitted five different questions all pertaining to this assignment in different
Hey, I was wondering If I can get this last part solved, I have submitted five different questions all pertaining to this assignment in different parts broken down.
Requirements: 1. Enter a formula into each of the cells marked with a ? in worksheet 1. 2. Enter a formula into each of the cells marked with a ? in worksheet 2 and answer the following questions: The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget: Year 2 Quarter 2 70,000 120,000 Year 3 Quarter 1 2 90.000 100.000 80,000 Budgeted unit sales Selling price per unit 50,000 $7 a. What are the total expected cash collections for the year under this revised budget? b. What is the total required production for the year under this revised budget? c. What is the total cost of raw materials to be purchased for the year under this revised budget? d. What are the total expected cash disbursements for raw materials for the year under this revised budget? e. After seeing this revised budget, the production manager cautioned that due to the limited availability of a complex milling machine, the plant can produce no more than 90,000 units in any one quarter. Is this a potential problem? If so, what can be done about it? Construct the schedule of expected cash payments 1 Year 2 Quarter 2 3 4 Year Beginning balance accounts payable First-quarter purchases Second-quarter purchases Third-quarter purchases Fourth-quarter purchases Total cash disbursementsStep by Step Solution
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