11 Karle Company projects 2019 first quarter sales to be $15,000 and increase by

ID: 2606858 • Letter: 1

Question

11 Karle Company projects 2019 first quarter sales to be $15,000 and increase by 15% per quarter. Determine the projected sales for 2019 by quarter and in total Round answers to the nearest dollar. 12. Fancy Company manufactures and sells bicycles. A popular model is the XC. The company expects to sell 1,200 XCs in 2018 and 1,600 XCs in 2019. At the beginning of 2018, Friedman has 280 XCs in Finished Goods Inventory and desires to have 30% of the next year's sales available at the end of the year. How many XCs will Fancy need to produce in 2018 11 Kar e Company ro ects 2019 first quarter sales to be S 15,000 and increase by 15% per quarter. Determine the ro ected sales or 2019 by quarter and n total Determine the projected sales for each quarter, then compute the projected sales for 2019. Round answe stone ea est ollar. Multiplier for Projected sales Base sale amount x sales increasefor the quarter Quarter 1 Quarter 2 Quarter 3 Total 12. Fancy Company manufactures and sells bicycles. A popular model is the XC. The company expects to sell 1,200 XCs in 2018 and 1,600 XCs in 2019. At the beginning of 2018, Friedman has 280 XCs in Finished Goods Inventory and desires to have 30% of the next year's sales available at the end of the year. How many XCs will Fancy need to produce in 2018? Begin by selecting the labels, then enter the amounts to compute the budgeted XCs to be produced Plus Total XCs needed

Explanation / Answer

Answer

Base Sale amount

Multiplier for sale increase

Projected Sales for quarter

15000

15%

17250

15%

19838

15%

22814

TOTAL

74902

Expected Sale in 2018

1200

Plus: Desired Ending Inventory [30% of next year expected sales]

480

Total XC's needed

[1200+480] 1680

Less: Opening Finished inventory available

280

Budgeted XC's to be produced

[1680-280] 1400