Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need A-D answered. I dont need a whole excel sheet. Just what it is asking for. 8 Chapter 8: Applying Excel: Exercise (Part 2
I need A-D answered. I dont need a whole excel sheet. Just what it is asking for.
8 Chapter 8: Applying Excel: Exercise (Part 2 of 2) (Algo) 0.36 Requirement 2: 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 $2. The marketing manager would like to use the following projections in the budget Year 2 Quarter Year quarter Data Budgeted unit sales 50,000 70,000 115,000 75,000 90,000 95,000 Selling price per unit 37 D C D G 1 50,000 2 70,000 3 115.000 Year 3 Quarter 4 75,000 00.000 2 95.000 5 1 A 1 Chapter Applying Excel 2 3 Data 4 5 Budowledunt sale 6 7. Boling price per i 8 Accounts receivable beginning balance 9 Sales collected in the water sales we made 10 Sales collected in the quarter after sales are made 11 Desired anding finished goods inventory is 12 Finished goods inventory beginning 13 Raw material required to producene unt 14 Desired ending Inventory ofw materials is 15 Raw materials inventory beginning 16 Rawat costs Raw materiale purchases are paid 17 and 18 Accounts payable for raw materials, begiving balance 19 Yiperunt 65.000 75% 2545 30% of the budgeted units of the quarter 12.000 units 5 pounds 10% of the next quarters production needs 23.000 pounds 0.00 per pound 80% in the quarter the purchases are made 40% in the quarter following purchase 81,500 $ 5 points a. What are the total expected cash collections for the year under this revised budget? eBook Expected cash collections for the year References b. What is the total required production for the year under this revised budget? Total required production for the year c. What is the total cost of raw materials to be purchased for the year under this revised budget? Total cost of raw material to be purchased for the year d. What are the total expected cash disbursements for raw materials for the year under this revised budget? Total expected cash disbursements for raw materials for the year Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started