Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball

image text in transcribedimage text in transcribedimage text in transcribed

Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $12 7,000 $25 February 58,000 $12 7,500 $25 March 80,000 $12 13,000 $25 April 100,000 $12 18,000 $25 Required: 1. Construct a sales budget for Smart Strike for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. Smart Strike Company Sales Budget For the First Quarter of Next Year January February March Quarter Practice ball: Units 59,125 x 72,375 X 99,250 X Unit price 0.7 $ 0.7 $ 0.7 X $ Sales 41,388 X $ 50,663 X $ 69,475 X $ Match ball: Units Unit price $ $ $ 7 | " Sales $ $ Total sales $ . $ 2. What if Smart Strike added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for Smart Strike for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. Smart Strike Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units Unit price Sales Match ball: Units Unit price III 0 0000 I 00 ml IQI 0. III III I. Sales Tournament ball: Units Unit price Sales Total sales

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

Recommended Textbook for

Accounting Information Systems

Authors: Steven M. Bragg

2nd Edition

164221079X, 9781642210798

More Books

Students also viewed these Accounting questions

Question

What is your greatest weakness?

Answered: 1 week ago

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago

Question

6 How can an organisation increase its flexibility?

Answered: 1 week ago

Question

1.6 Identify ways that country culture influences global business.

Answered: 1 week ago