Make martins sale budget for the fourth quarter

Assignment Help Accounting Basics
Reference no: EM132788378

Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment toasted pastillas, yema balls, red velvet crinkles, and sylvanas. Martin wants to required a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue.

Sales forecast in per pack of each product for EACH MONTH IS AS FOLLOWS

                   Toasted          Yema           Red Velvet            Sylvanas
                      Pastillas          Balls
October         15,000        18,000               12,000           6,500
November          24,000        18,500               14,000      5,000
December          42,000           20,000             18,000        7,000

Martin sells the product at the following prices. Toasted Pastillas 120/pack: Yema Balls 100/pack: Red velvet Crinkles 180/pack : and Sylvanas 200/pack

Problem a. Martins sale budget for the fourth quarter 2014

Reference no: EM132788378

Questions Cloud

What is the difference of a biological asset from inventory : What is the difference of a biological asset from an inventory? Give at least 5 biological assets and identify their agricultural produce.
Determine the adjusted balance of the land : Determine the adjusted balance of the land.Brave Company carried out a number of transactions involving the acquisition of several assets.
Calculate the company debt to total assets : Kahluha Manufacturers Inc. reported the following information in its financial statements - Calculate the company debt to total assets
Prepare the general journal entry to reflect transaction : Prepare the general journal entry to reflect this transaction on Sparwood's books. Prepare the general journal entry to reflect this transaction on General
Make martins sale budget for the fourth quarter : Make Martins sale budget for the fourth quarter 2014.Martin sells the product at the following prices. Toasted Pastillas 120/pack: Yema Balls 100/pack
Determine the selling price for bond b : Determine the selling price for bond B, both bonds will yield j12=9%? Two bond has face values of $12000 and are redeemable at par in n-years.
Major responsibilities of the office of inspector general : What are the major responsibilities of the Office of Inspector General as they relate to coded healthcare data?
Explain the five accounting principles and give an example : Explain the five accounting principles and give an example. Conflicts of Interest Cause Agency Problems. Market Prices Are Generally Right
Differentiate between vertical and horizontal structure : -Differentiate between vertical and horizontal structure -Differentiate between Routine task and empowered roles

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compare all of the materials and labor variances

The master manufacturing overhead budget for the month based on normal productive capacity of 15,000 direct labor hours (7,500 units) shows total variable costs of $90,000 ($6 per labor hour) and total fixed costs of $45,000 ($3 per labor hour). N..

  Is income overstated or understated

Is income overstated or understated? Why did Rollins take theseactions? Are they ethical? Give reasons for your answer. As a friend, what advice would you give the accountant?

  Compare two companies financial statements

Write report that provides an evaluation of the liquidity, solvency and profitability for each company, relative to each other and to industry averages.

  What approach should john take in examining two computers

Julia Katchum is in charge of the Eastern Regional Counterterrorism Computer Forensics Unit. Her recent investigations led her to believe that an imminent threat of a terrorist act in the Chicago area exists.

  Determine how much overhead is allocated to alpha

Determine how much overhead is allocated to Alpha assuming the use of a single overhead rate and assuming the use of ABC, respectively.

  What is the value of the abandonment option

Utah Enterprises is considering buying a vacant lot that sells for $1.2 million. What is the value of the abandonment option

  What is the amount of net income

Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. What is the amount of net income using FIFO, LIFO and weighted average

  Consolidation working papers

On consolidation working papers, a subsidiary's income has

  Compute the cost per equivalent unit of material

Assume 15,000 units were started, and 5,000 units completed. Ending work in process is 60% complete. Compute the cost per equivalent unit of material

  Prepare a schedule indicating total cash collections for

door amp window co. was organized on august 1 of the current year. projected sales for the next three months are as

  What is the ending inventory balance

The firm uses the periodic system, and there are 28 units of the commodity on hand at the end of the year. What is the ending inventory balance

  Prepare the journal entry to record the distribution

Exercise - Stock dividend. Prepare the journal entry to record the distribution of the stock dividend on the declaration date

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