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Please answer both questions. I need help answering them. Below is the statements provided for the problems. Schedule 8 - General & Administrative Expenses Proforma

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Please answer both questions. I need help answering them. Below is the statements provided for the problems.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Schedule 8 - General \& Administrative Expenses Proforma Westfield Corporation Westfield Corporation Sales Forecast Average Price Projection Year 8 average price Target Market(s) Adjustments Target market(s) Product Adjustments New templates Extensions \& options to current templates New product development Price Adjustments Terms of sale Distribution Adjustments Distribution expansion - California \& New York Distribution expansion - Mexico Promotion Adjustments Advertising Sales promotion Sales rep commission structure Training sales reps Travel Website \& IT Competitive Economic Political, legal, regulatory Social/Cultural Technological Average Price Projection Year 9 24.15 0 0.0898 0.0079 0.085 0.024 0 0.01 0.02 0.01 Environmental Factor Adjustments 0 0.06 0.048 0.036 0 $24.42 \begin{tabular}{lrrr} & Year 9 & Weight & \multicolumn{1}{c}{Year9Weighted} \\ Sales Volume Projection & 1,263,464 & 50.00% & 631,732 \\ Volume Forecast by \# of Sales Reps - Schedule 1 & 1,294,832 & 40.00% & 517,933 \\ Volume Forecast by Areas of Distribution - Schedule 2 & 1,100,167 & 10.00% & 110,017 \\ Volume Forecast by \# of Product Templates - Schedule 3 & & & 1,259,682 \end{tabular} Schedule 1 - Volume Forecast by \# of Sales Reps Number of sales reps Volume Average volume per sales rep Weight Weighted average - Volume per Sales Rep Projected sales volume \begin{tabular}{rrrr} \multicolumn{1}{l}{ Year 6 } & \multicolumn{1}{c}{ Year 7 } & \multicolumn{1}{c}{ Year 8 } & \multicolumn{1}{c}{ Year 9 } \\ 10 & 12 & 14 & 20 \\ 800,000 & 890,000 & 1,010,000 & \\ 80,000 & 74,167 & 72,143 & \\ 20% & 30% & 50% & \\ 16,000 & 22,250 & 36,071 & 74,321 \\ & & & 1,263,464 \end{tabular} Schedule 2 - Volume Forecast by Areas of Distribution Arizona California Florida Georgia Illinois Indiana Michigan New York Ohio Texas Mexico Totals \begin{tabular}{rrrrr} Year 6 & Year 7 & Year 8 & \multicolumn{2}{c}{ Yorecast } \\ & & 40,000 & 74,321 & \# Sales Reps \\ 160,000 & 170,000 & 180,000 & 200,668 & 1 \\ 50,000 & 80,000 & 105,000 & 105,000 & 3 \\ 155,000 & 160,000 & 170,000 & 170,000 & 1 \\ 80,000 & 85,000 & 80,000 & 80,000 & 2 \\ 90,000 & 95,000 & 100,000 & 100,000 & 1 \\ & & & 111,482 & 1 \\ 115,000 & 120,000 & 115,000 & 118,914 & 3 \\ 150,000 & 180,000 & 220,000 & 222,964 & 2 \\ & & & & 3 \\ 800,000 & 890,000 & 1.010,000 & 1,294,832 & 20 \end{tabular} Schedule 3 - Volume Forecast by \# of Product Templates \# of product templates Volume Yearly average sales volume per template Average sales volume per template Projected sales volume Use the Westfield Corporation case to answer questions 1 - 13. 1. What was the accounts receivable turnover for year 8 ? 11 6 10 9 Question 2 0.5pts Use the Westfield Corporation case to answer questions 1 - 13. 2. Year 9 accounts receivable turnover is projected to be same as year 8 . What is the projection for average accounts receivable? $2,500,000 $2,000,000 $4,000,000 $2,700,000 \begin{tabular}{lrrrr} Schedule 3 & \multicolumn{3}{c}{ Proforma } \\ Regular Time Direct Labor (DL) & Year 6 & Year 7 & Year 8 & Year 9 \\ Hours worked in year & 2,000 & 2,000 & 2,000 & 2,000 \\ Average wage rate & $14.00 & $14.35 & $14.65 & $0 \\ Average wages per DL employee & $28,000 & $28,700 & $29,300 & $0 \\ Plus 28\% benefits & $7,840 & $8,036 & $37,504 & 87 \\ Total cost per DL employee & $35,840 & $36,736 & 8.64 & 108.50 \\ Number of DL employees & 66 & 2.42 & 174,000 & 3.29 \\ Number of shifts & 2.00 & 160,000 & $3,262,848 & $0 \end{tabular}

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