Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help on A please Requirement 2: The company has just hired a new marketing manager who insists that unit sales can be dramatically

i need help on A please
image text in transcribed
image text in transcribed
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 $7. The marketing manager would like to use the following projections in the budget Year Quarter Data Budgeted unit sales Selling price per unit 1 50,000 $2 Year 2 Quarter 2 70,000 105,000 60,000 80,000 90,000 B D E F G 1 Chapter 8: Applying Excel 2 3 Data Year 3 Quarter 4 1 3 5 Budgeted unit sales 2 70,000 4 60.000 50.000 2 10,000 105,000 80.000 6 $ $ 7 Selling price per unit 8 Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 Sales collected in the quarter after sales are made 11 Desired ending finished goods inveMory is 12 Finished goods inventory, beginning 13 Rew materials required to produce one un 14 Desired ending Inventory of ww materiali 15 Raw materials inventory, beginning 16 - Raw material costs 17 Raw materials purchases are paid 7 per unit 65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000/unit o pounds 10% of the fourter's production needs 23.000 pounds 0.80 per pound 60% in the quarter the purchases made $ correct or incorrect for the work you have completed so far. It does not indicate Required information WHICS LATVMB YURG 10 - Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 Finished goods inventory, beginning 13 Row materials required to produce one unit 14 Desired ending inventory of raw materials is 15 Raw materials inventory beginning 16 - Raw material costs 17 Raw materials purchases are paid 1B and 19 Accounts payable for raw materials, beginning balance 25% 30% 12,000 5 10% 23,000 0,80 60% 40% 81,500 of the budgeted unit sales of the next quarter units pounds of the next quarter's production needs pounds per pound in the quarter the purchases are made the quarter following purchase $ S a. What are the total expected cash collections for the year under this revised budget? Answer is complete but not entirely correct. Expected cash collections for the Year $ 1.995,000

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

Students also viewed these Accounting questions