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In creating a budget for her company, Josie is developing several budget proposals to help her team plan for the year ahead. Help her by
In creating a budget for her company, Josie is developing several budget proposals to help her team plan for the year ahead. Help her by using the information below. (All answers should be in whole numbers using commas to separate thousands (e.g. 1,750,000 not 1750000 or 1.75 million). Fixed costs are $3,575,000 Per unit variable costs are $18 Each unit sells for $43 The target profit is $2,000,000. Last year's sales revenue was $8,500,000 Sales Revenues grew by 6.25% last year. The CAGR over the past 4 years is 5.75% The following 5 questions relate to preparing a budget with a target profit from operations of $2 million. 1. The contribution rate per unit is $ 2. The number of units the company will need to sell under this budget is 3. The sales revenue required under this budget is $ 4. The Gross Profit estimate under this budget is $ 5. The Operating Profit estimate under this budget is $ units The following 5 questions relate to preparing a budget using last year's revenue growth rate to estimate sales revenue. 1. The contribution rate per unit is $ 2. The revenue estimate for this budget is $ 3. The number of units needed to be sold to reach that target sales revenure goal is 4. The Gross Profit estimate under this budget is $ 5. The Operating Profit estimate under this budget is $ The following 5 questions relate to preparing a budget using the compound annual growth rate (CAGR) to estimate sales revenue. 1. The contribution rate per unit is $ 2. The revenue estimate for this budget is $ 3. The number of units needed to be sold to reach that target sales revenure goal is 4. The Gross Profit estimate under this budget is $ 5. The Operating Profit estimate under this budget is $
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