1. Angela owns a merchandising business that sells imported mugs from other Asian countries. Angela purchases these mugs from an outside supplier once every quarter. She needs to estimate the total quantities to be purchased in order to properly meet product demands for each quarter without having to incur stock outs and loss of customers. Angela has forecasted that unit sales for each quarter will be as follows: 1*Quarter – 15,000 2nd Quarter – 25,000 3rd Quarter - 35,000 4 Quarter – 40,000 Angela has initiated a policy that 10% of the anticipated sales for the month must be kept as a minimum balance of the previous month's ending inventory. As of the 1"Quarter, there are 15,000 mugs unsold and Angela plans to keep 18,000 mugs by the end of the fourth quarter. Each mugs costs P75.00. a. Prepare a purchases production budget expressed in quantities to be purchased. b. Prepare a purchases production budget expressed in peso values. (Hint. multiple units by the amount)
1. Angela owns a merchandising business that sells imported mugs from other Asian countries. Angela purchases these mugs from an outside supplier once every quarter. She needs to estimate the total quantities to be purchased in order to properly meet product demands for each quarter without having to incur stock outs and loss of customers. Angela has forecasted that unit sales for each quarter will be as follows: 1*Quarter – 15,000 2nd Quarter – 25,000 3rd Quarter - 35,000 4 Quarter – 40,000 Angela has initiated a policy that 10% of the anticipated sales for the month must be kept as a minimum balance of the previous month's ending inventory. As of the 1"Quarter, there are 15,000 mugs unsold and Angela plans to keep 18,000 mugs by the end of the fourth quarter. Each mugs costs P75.00. a. Prepare a purchases production budget expressed in quantities to be purchased. b. Prepare a purchases production budget expressed in peso values. (Hint. multiple units by the amount)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Angela owns a merchandising business that sells imported mugs from other Asian countries. Angela purchases these mugs from an outside supplier once every quarter. She needs to estimate the total quantities to be purchased in order to properly meet product demands for each quarter without having to incur stock outs and loss of customers. Angela has
1st Quarter – 15,000
2nd Quarter – 25,000
3rd Quarter - 35,000
4th Quarter – 40,000
Angela has initiated a policy that 10% of the anticipated sales for the month must be kept as a minimum balance of the previous month’s ending inventory. As of the 1st Quarter, there are 15,000 mugs unsold and Angela plans to keep 18,000 mugs by the end of the fourth quarter. Each mugs costs P75.00.
a. Prepare a purchases/production budget expressed in quantities to be purchased.
b. Prepare a purchases/production budget expressed in peso values.
(Hint: multiple units by the amount)
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ACTIVITY 1:
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Solve the following problems. Create a table for therequired budget. Handwritten in a bondpaper/pad
Assignments
раper.
1. Angela owns a merchandising business that sells imported mugs from other Asian
countries. Angela purchases these mugs from an outside supplier once every quarter. She
needs to estimate the total quantities to be purchased in order to properly meet product
demands for each quarter without having to incur stock outs and loss of customers. Angela
has forecasted that unit sales for each quarter will be as follows:
Calendar
Calls
1st Quarter – 15,000
Files
2nd Quarter – 25,000
3rd Quarter - 35,000
4th Quarter – 40,000
Angela has initiated a policy that 10% of the anticipated sales for the month must be kept
as a minimum balance of the previous month's ending inventory. As of the 1st Quarter, there
are 15,000 mugs unsold and Angela plans to keep 18,000 mugs by the end of the fourth
quarter. Each mugs costs P75.00.
a. Prepare a purchases/production budget expressed in quantities to be purchased.
b. Prepare a purchases/production budget expressed in peso values.
(Hint. multiple units by the amount)
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Help
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Transcribed Image Text:< >
Q Search
Activity
O Business Finance 20 Act 1.docx
Close
Word
EE Immersive Reader
O Open in Desktop App
E Print
P Find
Business Finance 20 Act 1
...
Chat
ACTIVITY 1:
Teams
Solve the following problems. Create a table for therequired budget. Handwritten in a bondpaper/pad
Assignments
раper.
1. Angela owns a merchandising business that sells imported mugs from other Asian
countries. Angela purchases these mugs from an outside supplier once every quarter. She
needs to estimate the total quantities to be purchased in order to properly meet product
demands for each quarter without having to incur stock outs and loss of customers. Angela
has forecasted that unit sales for each quarter will be as follows:
Calendar
Calls
1st Quarter – 15,000
Files
2nd Quarter – 25,000
3rd Quarter - 35,000
4th Quarter – 40,000
Angela has initiated a policy that 10% of the anticipated sales for the month must be kept
as a minimum balance of the previous month's ending inventory. As of the 1st Quarter, there
are 15,000 mugs unsold and Angela plans to keep 18,000 mugs by the end of the fourth
quarter. Each mugs costs P75.00.
a. Prepare a purchases/production budget expressed in quantities to be purchased.
b. Prepare a purchases/production budget expressed in peso values.
(Hint. multiple units by the amount)
Apps
Help
Page 1 of 1
100%
Give Feedback to Microsoft
10:05 pm
P Type here to search
30
O O G 4) O ENG
24/11/2020
田
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