Develop a recommended quarterly budget for your car dealer client based on these projections: Jack and Claire
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Question:
Develop a recommended quarterly budget for your car dealer client based on these projections:
Jack and Claire Ford Of Anytown 2023 Monthly Projected Sales
1st Quarter 2nd Quarter 3rd Quarter 4th Quarterly Total
NEW = 150. 300. 350 200 1000
USED = 115 280 325 180 900
1,000 new Fords x $ 30,000 average sales price each = $ 30,000,000 in annual sales
900 used vehicles x $ 20,000 average sales price each = $ 18,000,000 in annual sales
Industry average for new cars is $ 500 per unit. Industry average for used vehicles is $ 400 per unit.
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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