Calculate the budgeted sales in dollars

Assignment Help Financial Accounting
Reference no: EM133024261

Question - For the upcoming year, Kinston Quart Limited expects to generate $3,980,000 of revenue. Based on historical trends, the company makes the most sales in the first two quarters. As a result, it assumes that the first and second quarter will each contribute 28% of the annual revenue. The remaining budgeted amount will be allocated equally between the last two quarters. For each quarter, calculate the budgeted sales in dollars.

Reference no: EM133024261

Questions Cloud

What is the present value of the future cash flows : What is the present value of the future cash flows, if you also could earn $290,000 per year rent on the property? The rent is paid at the end of each year
Decisions covering freedom of speech : Explain the difference between common carriers, broadcasters, and publishers with regard to court decisions covering freedom of speech
Make a journal for interstelar company : Question - On August 31, 2010 Nancy's company borrowed $2,000 from Interstelar Company. Make a Journal for interstelar company
Healthcare informatics project : Why would you bring in outside consultants onto a healthcare informatics project?
Calculate the budgeted sales in dollars : The remaining budgeted amount will be allocated equally between the last two quarters. For each quarter, calculate the budgeted sales in dollars
Common business problems : What are the common business problems addressed by Big Data analytics?
What is the total cost for using air carrier transportation : Annual demand: 6,000 cases of cards. Transit time using motor carrier (parcel ground): 4 days. What is the total cost for using air carrier transportation
Define and describe PaaS : Define and describe PaaS. List the benefits of PaaS solutions. Define and describe IaaS. Define and describe IDaaS.
What is the forecasted cash flow generated : For 20x2, the company forecasts net income of $50,000 and depreciation and amortization of $15,000. What is the forecasted cash flow generated by operations

Reviews

Write a Review

Financial Accounting Questions & Answers

  Record exchange entry depreciation showing calculations

Record exchange entry, depreciation showing calculations. On December 31, 2018 Karina Inc. exchanged an office building which it carried on the books

  What is the impairment loss to be recognized by GMA7-Inc

Fair value less cost to sell P1,600,000. What is the impairment loss to be recognized by GMA7-Inc. on the building for the year ended December 31, 2014

  What amount should white report as cost of goods sold

What amount should White report as Cost of Goods Sold in the 2011 income statement?

  Provide journal entry for the estimated warranty expense

Quantas Industries sold $325,000 of consumer electronics during July under a nine-month warranty. The cost to repair defects under the warranty is estimated at 4.5% of the sales price. On November 11, a customer was given $220 cash under terms of the..

  Record the january transactions in the relevant journals

Record the January transactions in the relevant journals (round amounts to the nearest $). Total all special journals. Ignore narrations in the general journal.

  What is the total cost of ownership in present value terms

Joan is leading a 5-year project to equip the Murray state buses with WiFi. The cost of hardware will be $12,000 and the recurring costs of maintenance will be $3000 per year. Suppose, the project's life is 5 years, what is the total cost of ownershi..

  Create an income statement using the data for land o lark

Create an income statement using the data for Land O' Lark Corporation for the year ended December 31, 2018. Cost of merchandise sold 10,900,000

  Find the reported gross profit-gross profit percentage

On January 10, sell merchandise on account to Rayms $9,800 and Fischer $8,600. Terms 1/10, n/30. Freight $100 for each sale, F.O.B. shipping point. On January 12, purchase merchandise on account from Zapfel $3,000 and Liotta $2,400. Terms 2/10, n/30...

  Calculate return on common equity for canadian bacon inc

Calculate Return on Common Equity. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

  How much must you set aside each year

If the interest rate is 5%?, how much must you set aside each year to make sure that you will have $4 million in the account on your 65th ?birthday

  How does starbucks make money

Use Starbucks financial statements for fiscal year 2017 (year ended September 29, 2017) to answer the following:

  White company sells merchandise on account

White Company sells merchandise on account for $4,500 to Temple Company with credit terms of 2/10, n/30. Temple Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd