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Question - Alexa Manufacturing Company sold 23,430 units of product A in 2020 which 10% compared to the units sold in 2019. The products were sold at P300 per unit. Because of heavy advertising and other promotional activities and shift in buyer's preferences, the company expect to increase the sales by 15% in 2021 against the 2020 performance. The company plans to sell the product at P350 per unit. Prepare the sales budget?
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Recorded depreciation on equipment it owned Paid salaries to its employees. Made a year end accrual for interest owed the bank on money it had borrowed.
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