All categories

3 years ago

Which of the following items is not needed to prepare a sales budget by product line?

Business

1 answer:

Illusion [34]3 years ago

6 0

Answer:

D) Expected purchase price of each product.

Explanation:

According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in

When negotiating a business acquisition, buyers sometimes agree to pay extra amounts to sellers in the future if performance met

Lelechka [254]

Answer:

b. The fair value of the contingent consideration is included in the overall fair value of the consideration transferred, and a liability or additional owners' equity is recognized.

Explanation:

Measuring the fair value of contingent consideration for financial reporting is a complex process – based on a number of variable inputs, unique risk profiles, and potentially complicated payoff structures.

3 0

2 years ago

Colgate-Palmolive Company has just paid an annual dividend of $ 1.50$1.50. Analysts are predicting dividends to grow by $ 0.12$0

klio [65]

Answer:

The price does the dividend-discount model predict Colgate stock should sell for today is $66.47

Explanation:

In order to calculate the price does the dividend-discount model predict Colgate stock should sell for today we would have to calculate first the Present value of dividend of next 5 years as follows:

Present value of dividend of next 5 years as follows=

Year Dividend Discount factor Present value

a b c=1.085^-a d=b*c

1 $ 1.62 0.921659 $ 1.49

2 $ 1.74 0.849455 $ 1.48

3 $ 1.86 0.782908 $ 1.46

4 $ 1.98 0.721574 $ 1.43

5 $ 2.10 0.665045 $ 1.40

Total $ 7.25

Then, we have to calculate the Present value of dividend after 5 years as follows:

Present value of dividend after 5 years=D5*(1+g)/(Ke-g)*DF5

Present value of dividend after 5 years=$2.10(1+6%)/(8.50%-6%)* 0.665045

Present value of dividend after 5 years=$59.22

Current value of stock=Present value of dividend of next 5 years+ Present value of dividend after 5 years

Current value of stock= $7.25+$59.22

Current value of stock=$66.47

The price does the dividend-discount model predict Colgate stock should sell for today is $66.47

8 0

3 years ago

Best Buy does not play loud music in its stores, based on feedback that women don’t like it. A woman who arrived at Best Buy aft

ivanzaharov [21]

Answer:

D) Problem removal

Explanation:

Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.

Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.

Women Will have a good and problem removal experience in Best Buy Store.

Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.

7 0

3 years ago

Read 2 more answers

Harrison Corporation is studying a project that would have an eight-year life and would require a $300,000 investment in equipme

zheka24 [161]

Answer:

The payback period for this project is closest to 2 years

Explanation:

Initial investment = $300,000

Sales = $500,000

Cash variable expenses = ($200,000)

Contribution margin = 300,000

Fixed cash expenses = $150,000

Depreciation expenses = $37,500

Total Fixed expenses: $150,000 + $37,500 = ($ 187,500 )

Net operating income = $112,500

Annual cash inflows = Net operating income + Depreciation

= $112,500 + $37,500

= $150,000

Payback period = Initial investment ÷ Annual cash inflows

= $300,000 ÷ $150,000 = 2 years

5 0

3 years ago

On January 1, 2017, Walker Sales issued $19,000 in bonds for $14,300. These are eight-year bonds with a stated rate of 13%,

AysviL [449]

Answer:

$14,887.5

Explanation:

Carrying Value of the bond is the net of Face value and any amortised discount on the bond.

Face Value of the bond = $19,000

Issuance Value = $14,300

Discount Value = $19,000 - $14,300 = $4,700

This Discount will be amortized over the bond's life until the maturity on straight line basis.

Amortization in each period = $4,700 / (8x2) = $293.75 semiannually

Until December 31, 2017 two payment have been made and $587.5 is amortized in the two semiannual periods.

Un-amortized Discount = $4,700 - $587.5 = $4,112.5

Carrying value of the bond = Face value - Un-amortized Discount = $19,000 - $4,112.5 = $14,887.5

7 0

3 years ago