Prepare a sales budget for each quarter

Assignment Help Financial Accounting
Reference no: EM13949265

Freshaire, Inc., produces two types of air fresheners: Mint Freshener and Lemon Freshener. Both products are sold in 32-ounce bottles. Mint sells for $3.00 per bottle, and Lemon sells for $3.50 per bottle. Projected sales (in bottles) for the coming four quarters are as follows:

  Mint Lemon

First quarter, 2008

80,000

100,000

Second quarter, 2008

110,000

100,000

Third quarter, 2008

124,000

120,000

Fourth quarter, 2008

140,000

140,000

First quarter, 2009

90,000

110,000

The vice president of sales believes that the projected sales are realistic and can be achieved by the company.

Required

1. Prepare a sales budget for each quarter of 2008 and for the year in total. Show sales by product and in total for each time period.

2. How will Freshaire, Inc., use this sales budget?

Reference no: EM13949265

Questions Cloud

Baseball fan with limited knowledge : The rules have been laid out for you by a baseball fan with limited knowledge of the game as follows: Give the steal sign if there is a runner on first base and
Analyze residuals experiment and comment on model adequacy : In your submission, report each regression model and the final regression model with only statistically significant predictors, its R-squared and Adjusted R-squared, and in the final model plot and analyze the residuals from the experiment and com..
Journalize the transactions in the books : Journalize the subsequent transactions in the books of Mr. Walter - Paid fire insurance of the above building in advance $ 1,000.
Would you need to create new documentation : Would you be able to do your job without creating the documentation first?
Prepare a sales budget for each quarter : Prepare a sales budget for each quarter of 2008 and for the year in total. Show sales by product and in total for each time period. How will Freshaire, Inc., use this sales budget?
Differences between manager-managed and member-managed llc : Explain the differences between a manager-managed LLC and a member-managed LLC as provided in the default provisions in California with respect to (a) the right to manage the ordinary business of the LLC, and (b) the authority of the members and ..
Sign-magnitude form binary representation : 1. Assuming that the most significant bit is the sign bit, find the decimal value of the following sign-magnitude form 8-bit binary numbers: a. 11111000    b. 10011111    c. 01111001 2. Find the sign-magnitude form binary representation of the fol..
What are the ingredients of a mathematical model : What are the ingredients of a Mathematical Model and What is a model?
Build a home inventory database based on the structure : Build one simple one page report, your choice. As an example, Contents of the Family Room. Again title the report accordingly.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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