subject
Business, 27.06.2020 02:01 coopera1744

Serial problem SP20 Santana rey expects second quarter 2020 sales of Business Solutions line of computer furniture to be the same as the first quarter's sales without any changes in the strategy. Months sales averaged 40 desk units (sales price of $1250) and 20 chairs (sales price of $500). Business Solutions-Computer Furniture
Segment
Segment Income Statement*
For Quarter Ended March 31, 2020
Salest $180,000
Cost of goods sold 135,000
Gross profit 45,000
Expenses Sales commissions (10%) 18,000
Advertising expenses 9,000
Other fixed expenses 18,000
Total expenses 45,000
Net income $0
Reflects revenue and expense activity only related to the computer furniture segment.
Revenue: (120 desks * $1,250) + (60 chairs * $500) = $150,000+ $30,000 = $180,000 #
Cost of goods sold: (120 desks * $750) + (60 chairs * $250) + $30,000 = $135,000
Santana Rey believes that sales will increase each month for the next three months (April, 48 desks, 32 chairs; May, 52 desks, 35 chairs; June, 56 desks, 38 chairs) if selling prices are reduced to $1,150 for desks and $450 for chairs and advertising expenses are increased by 10% and remain at that level for all three months. The products' variable cost will remain at $750 for desks and $250 for chairs. The sales staff will continue to earn a 10% commission, the fixed manufacturing costs per month will remain at $10,000, and other fixed expenses will remain at $6,000 per month.
Required:
Prepare budgeted income statements for the computer furniture segment for each of the months of April, May, and June that show the expected results from implementing the proposed changes. Use a three-column format, with one column for each month.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 22:40, JusSomeRandomGuy
Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses
Answers: 3
image
Business, 22.06.2019 11:40, Josias13
In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?
Answers: 2
image
Business, 22.06.2019 19:20, needhelp243435
This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.
Answers: 2
image
Business, 22.06.2019 19:50, crzyemo865
Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1
Answers: 3
You know the right answer?
Serial problem SP20 Santana rey expects second quarter 2020 sales of Business Solutions line of comp...

Questions in other subjects:

Konu
Mathematics, 07.06.2021 20:00
Konu
Mathematics, 07.06.2021 20:00