Edington Electronics Inc. produces and sells two models of pocket calculators, X
ID: 2464897 • Letter: E
Question
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2017 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103 22,960 26,170
XQ-104 13,200 16,930
No changes in selling prices are anticipated.
Prepare a sales budget for the 2 quarters ending June 30, 2017. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
EDINGTON ELECTRONICS INC.
Sales Budget
[Entry field with correct answer]
For the Quarter Ending June 30, 2017
For the Six Months Ending June 30, 2017
June 30, 2017
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
[Entry field with incorrect answer]
$ [Entry field with incorrect answer]
$ [Entry field with incorrect answer]
[Entry field with incorrect answer]
$ [Entry field with incorrect answer]
$ [Entry field with incorrect answer]
[Entry field with incorrect answer]
$ [Entry field with incorrect answer]
$ [Entry field with incorrect answer]
XQ-104
[Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer]
Totals
[Entry field with incorrect answer] $ [Entry field with incorrect answer] [Entry field with incorrect answer] $ [Entry field with incorrect answer] [Entry field with incorrect answer] $ [Entry field with incorrect answer]
Explanation / Answer
XQ 103 XQ104 Qtr 1 Qtr 2 Six omnth Qtr 1 Qtr 2 six month unit sales 22960 26170 49130 [22960+26170] 13200 16930 30130 Price per unit 14 14 14 25 25 25 Total sales 321440 366380 687820 330000 423250 753250
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.