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Please answer all parts showing full work and equations! This year, the Feldspar Company will sell 15,340 widgets at $620 per widget. Next year, the
Please answer all parts showing full work and equations!
This year, the Feldspar Company will sell 15,340 widgets at $620 per widget. Next year, the company expects to sell 15% more widgets, and plans to reduce the price per widget by 5% due to improvements in manufacturing. The company projects that the cost ratio will be .6 next year and that DSO will be 38 days with inventory turnover of 8 (based on COGS). Calculate the following for next year: a. (5 pts) Sales Revenue b. (5pts) COGS c. (5 pts) Accounts ReceivablesStep by Step Solution
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