Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2014 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103
20,000
22,000
XQ-104
12,000
15,000
No changes in selling prices are anticipated.
Prepare a sales budget for the 2 quarters ending June 30, 2014. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose a state has the following individual income tax structure. The first $20,000 that an individual earns is taxed at 5%. The next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%.
Answers (1)
Might nutrasweet is too early in China?
Answers (1)
Limited decision making is used when purchasing frequently bought, low-cost items needing very little decision effort. True or False?
Answers (1)
A company issued $50,000 of 8%, 10-year bonds on January 1. The bonds pay semi annual interest. The present value factor of a single amount of 20 periods at 8% is 0.2145. The present value of 10 periods at 4% is 0.6756.
Answers (1)
Zachariah is the sole shareholder of an S corporation in Detroit, Michigan. At a time when his stock basis is $10,000, the corporation distributes appreciated property worth $100,000 (basis of $10,000). There is no built-in gain.
Answers (1)
New Questions in Business
A manager expends extra effort because she has been told that she will get a $50,000 bonus if her team meets their quota.
Answers (1)
Which resumé tends to be used to cover employment gaps? A. chronological B. functional C. hybrid
Answers (1)
Pip owns Great Expectations, a trendy restaurant in Manhattan. He enters into a contract with Estella, who makes and sells pastries. The contract states that Estella will "supply all of Great Expectation's needs" for pastries for the next year.
Answers (1)
What should government do with its spending and taxes during a recession
Answers (1)
The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 5 years. The company uses a discount rate of 12% in its capital budgeting.
Answers (1)