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
klemol [59]
4 years ago
13

Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont

hs of the coming year: January 41,000 February 38,000 March 50,000 The average price for a drum is $35. Required: Prepare a sales budget for the first 3 months of the coming year, showing units and sales revenue by month and in total for the quarter. Do not include a multiplication symbol as part of your answer.
Business
1 answer:
rewona [7]4 years ago
6 0

Answer:

The sales budget is prepared below. See table below.

Explanation:

<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>

Sales budget

Month        Units                 Revenue($)

January      41,000                1,435,000

February      38,000             1,330,000

March          50,000              1<u>,750,000</u>

                                               <u>4,515,000</u>

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

You might be interested in
Which factor increases the risk of IS project delays? A. loss of hardware B. shortage of technical staff C. poor password practi
murzikaleks [220]

Answer:

D.loss of equipment because without the right equipment needed it is gonna delay the IS project

Explanation:

5 0
3 years ago
Read 2 more answers
Check her computer for errors on the drive. Which tool can help her?
Troyanec [42]
Depends on what you are trying to fix

8 0
3 years ago
Read 2 more answers
An interview in which a job candidate is asked to explain how he/she would handle a specific set of circumstances is a type of
zloy xaker [14]

Answer:

I believe this would be D

Explanation:

I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say

4 0
3 years ago
Read 2 more answers
It is important to find a hotel that has a five star rating to base the training off of. what aspect of service quality would th
kramer

The aspect of service quality would be the objective measure of goodness.

<h3><u>What is service?</u></h3>
  • In contrast to products, which we can physically touch or handle, services are the non-physical, intangible components of our economy.
  • The majority of the economies of the wealthy countries are based on services like banking, education, healthcare, and transportation.
  • They also represent the bulk of the economies of the developing countries.
  • There is no transfer of ownership when a business offers a service and the client pays for it. We are unable to ship or store a service.
  • They are only present as long as the customer is consuming them and the provider is supplying them.

For instance, getting a haircut is a service that cannot be stored or transported.

Know more about service with the help of the given link:

brainly.com/question/12505990

#SPJ4

8 0
2 years ago
Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 an
hjlf

Answer:

The net present value of this investment is $989.32

Explanation:

The Net Present Value is calculated by taking the Present Day (discounted) value of all future net cash flows based on the business cost of capital and subtracting the initial cost of investment.

Input Value   Cash flow

CF0                ($21,705)

CF1                   $6,700

CF2                   $6,700

CF3                   $6,700

CF4                   $6,700

Cost of Capital = 7%

Input the values in a financial calculator we get the result;

Net present value = $989.3154

                              = $989.32

Conclusion :

The net present value of this investment is $989.32

8 0
3 years ago
Other questions:
  • Provide an example of how businesses might apply a conditional formula to spreadsheet data
    15·1 answer
  • Is the process of presenting a message to an audience, small or large?
    12·1 answer
  • Suppose disposable income increases by $ 2,000 . As a result, consumption increases by $ 1,500 . Answer the questions based on t
    6·1 answer
  • Suppose that the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discover
    6·1 answer
  • Terra is the owner of Arcadia Salon and Spa and is looking to add some new spa services. Terra interviewed her staff to get thei
    14·1 answer
  • The central bank requires Southern to hold 10% of deposits as reserves. Southern Bank's policy prohibits it from holding excess
    14·1 answer
  • Murphy had no stock transactions in 2018​, so the change in​ stockholders' equity for 2018 was due to net income and dividends.
    13·1 answer
  • What is cold Storewhat is cold Store <br>​
    12·1 answer
  • Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of m
    9·1 answer
  • Yard Professionals Inc. experienced the following events in Year 1, its first year of operation:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!