13 A company believes that the monthly sales of one of its products are related to...
Universal Electric Company is a small, rapidly growing wholesaler of consumer electrical products. The firm's main product lines are small kitchen appliances and power tools. Marcia Wilcox, Universal's general manager of marketing, has recently completed a sales forecast. She believes that the company's sales during the first quarter of next year will increase by 10 per cent each month over the previous month's sales. Wilcox then expects sales to remain constant for several months. Universal's projected balance sheet as at...
The following its relate to the operations of Shflow Company, wholesale butor of consumer goods Current assets as of March 31: $ 7.4 Accounts receivable $ 19,629 Inventory $ 39, Bee Building and equipment, net $126, eee Accounts payable $ 23,175 Common stock $15e, Bee Retained earnings $ 18,825 The gross margins 25% of sales b. Actual and budgeted sales ist March (actual) April $ 49, Bea $ 65, Bea $70, Bea $ 95, Bee $ 46, Bea June July...
Artec Company is its product for $190 per unit is actual and budgeted sales follow April (actual) May (actual) 7,500 1,300 .000 6,500 Dollars $1,425,000 342.000 1.140,000 1,235,000 July hodgeted) budgeted) August (budgeted) 5.900 7 41.000 All sales are on Credit Recent experience shows that 24% of credit ses collected in the month of the sale 46% in the month after the sale, in the second month after the sale and 2 proves to be uncollectible. The product's purchase price...