1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bearhunter [10]
4 years ago
10

Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarte

r for the next 8 quarters. Prepare a sales budget by quarter for the first year. What is the amount of total sales revenue for the year?
Business
1 answer:
dlinn [17]4 years ago
5 0

Answer and Explanation:

The Preparation of the sales budget and the computation of the amount of total sales revenue for the year is shown below:-

<u>Sales Budget  For Year 1   </u>

Quarter     Number of   Sale price (B)     Sales Revenue

                 Units (A)                                   (A) × (B)

1                      5,000              $50              $250,000

2                      5,250             $50              $262,500

(5,000 × 105%)

3                     5,513                $50             $275,650

(5,250 × 105%)  

4                   5,789                 $50           $289,450

(5,513 × 105%)

Total                                                        $1,077,600

You might be interested in
"A customer holds 10 ABC Jan 60 Call contracts. ABC Corporation is paying a 20% stock dividend. On the ex date, the contracts wi
Viefleur [7K]

Answer:

On the ex date, the contracts will show as:

10 ABC Jan 60 Calls

The customer must exercise call contracts to buy the stock prior to the Ex-Date

Explanation:

The reason is that if the customer is not exercising the call contracts then it will not be able to receive the stock dividend. Furthermore, the OCC doesn't adjust the contract because of the dividend announcement prior to exercise of contract. This means it will only adjust if the contract is exercised.

The settlement of the exercise takes around 2 business working days, hence the customer must exercise the option 2 days earlier to the ex-date.

3 0
4 years ago
Margot's Deli Company has the following information for July. Cost of materials placed in production $30,000 Direct labor 25,000
matrenka [14]

Answer:

cost of goods manufactured= $68,400

Explanation:

Giving the following information:

Cost of materials placed in production $30,000

Direct labor 25,000

Factory overhead 14,000

Work in process inventory, July 1 2,900

Work in process inventory, July 31 3,500

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500

cost of goods manufactured= $68,400

8 0
3 years ago
A cash payment received from a customer for a product purchased on account would be recorded as...
photoshop1234 [79]
A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE.  Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received. 
8 0
4 years ago
In exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par val
SSSSS [86.1K]
A credit to common stock for 1000

8 0
3 years ago
Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair pa
noname [10]

Answer:

<em>1. Airplanes. </em>

<em>2. Ice-cream plants. </em>

<em>3. Building maintenance. </em>

<em>4. Engines. </em>

<em>5. Automobiles. </em>

<em>6. Barns.</em>

<em>7. Lift trucks. </em>

<em>8. Swimming pools.</em>

<em>9. Machinery. </em>

Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.

The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

3 0
3 years ago
Other questions:
  • The profit that the vendor makes per day by selling x pretzels is given by the function. P(x) = -0.002x2 + 1.4x - 400. Find the
    14·1 answer
  • Can someone type a paper for me
    9·2 answers
  • A client will soon be completing a course of inpatient treatment for the treatment of schizophrenia. At what point should the ca
    14·1 answer
  • Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th
    14·1 answer
  • orrugated Company currently produces cardboard boxes in an automated process. Expected production per month is 40,000 units. The
    10·1 answer
  • Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inven
    13·1 answer
  • Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank disco
    15·1 answer
  • After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home an
    15·2 answers
  • 2 points Time Remaining 5 minutes 36 seconds00:05:36 eBookItem 2 Time Remaining 5 minutes 36 seconds00:05:36 Brad proposed the p
    7·1 answer
  • What is the difference between an affirmative action goal and a quota? Is there a difference
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!