The sales budget for Carmel shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of B is 3,000 units. Total budgeted sales of both products for the year would be:
A) $42,000.
B) $200,000.
C) $264,000.
D) $464,000.
E) $500,000.
Correct Answer:
Verified
Q74: Stritch Company is trying to decide how
Q75: A plan that lists the types and
Q76: A plan that reports the units or
Q77: A department store has budgeted sales of
Q78: A plan that shows the expected cash
Q80: A plan that lists dollar amounts to
Q81: Berkley Co.'s sales are 10% for cash
Q82: A company's history indicates that 20% of
Q83: Which of the following budgets must be
Q84: A company's history indicates that 20% of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents