1.) Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of...

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1.) Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment: toasted pastillas, yema balls, red velvet crinkles, and sylvanas. Martin wants to prepare a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue. Sales forecast in per pack of each product for each month is as follows: October November December Toasted Pastillas 15.000 24,000 42.000 1st quarter 15,000 2nd quarter 25,000 Yema Balls 18.000 Red Velvet Crinkles 12,000 14.000 18,000 3rd quarter 35,000 4th quarter 40,000 Sylvanas Martin sells the products under the following prices: Toasted Pastillas P120/pack: Yema Balls P100/pack; Red Velvet Crinkles P180/pack; and Sylvanas P200/pack 6,500 5,000 7,000 a. Prepare Martin's sales budget for the fourth quarter of 2014. 2) Angels owns a merchandising business that sells imported mugs from other Asian countries. Angel 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. Angel has forecasted that unit sales for each quarter will be as follows: ( Angel has initiated a policy that 10% of anticipated sales for the following month must be kept as a minimum balance of the previous month's ending inventory. As of the beginning of the 1" quarter, there are 15,000 mugs unsold and Angel plans to keep 18,000 mugs by the end of the fourth quarter. Each mugs costs P75. a. Prepare a purchases budget expressed in quantities to be purchased b. Prepare a purchases budget expressed in peso values. 1.) Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment: toasted pastillas, yema balls, red velvet crinkles, and sylvanas. Martin wants to prepare a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue. Sales forecast in per pack of each product for each month is as follows: October November December Toasted Pastillas 15.000 24,000 42.000 1st quarter 15,000 2nd quarter 25,000 Yema Balls 18.000 Red Velvet Crinkles 12,000 14.000 18,000 3rd quarter 35,000 4th quarter 40,000 Sylvanas Martin sells the products under the following prices: Toasted Pastillas P120/pack: Yema Balls P100/pack; Red Velvet Crinkles P180/pack; and Sylvanas P200/pack 6,500 5,000 7,000 a. Prepare Martin's sales budget for the fourth quarter of 2014. 2) Angels owns a merchandising business that sells imported mugs from other Asian countries. Angel 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. Angel has forecasted that unit sales for each quarter will be as follows: ( Angel has initiated a policy that 10% of anticipated sales for the following month must be kept as a minimum balance of the previous month's ending inventory. As of the beginning of the 1" quarter, there are 15,000 mugs unsold and Angel plans to keep 18,000 mugs by the end of the fourth quarter. Each mugs costs P75. a. Prepare a purchases budget expressed in quantities to be purchased b. Prepare a purchases budget expressed in peso values.

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1 A To prepare Martins sales budget for the fourth quarter of 2014 we will calculate the sales revenue for each product in each month and then summarize the total sales revenue for the quarter Here ar... View the full answer