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question 4 and 5 Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 4,000
question 4 and 5
Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 4,000 pizzas at $9 per pizza per month. It expects to collect 90% of the sales in the month of the sale and 10% in the following month. It will maintain an ending inventory balance of 200 pizzas at a cost of \$1 each. Calculate the amount of budgeted sales revenue for its first quarter. QUESTION 5 Plece of Pizza Company is preparing its master budget for its first year of business. It expects to sell 1,000 pizzas at $12 per pizza per month for the first month with a 10% increase in quantity each month. Piece of Pizza Company's ending inventory for each month is required to be 20% of next month's expected sales. Calculate the Sales Revenue for the first quarter. $39,720$36,000$39,600$14,520$12,000 Step by Step Solution
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