Golden Edge is planning to create a sales budget for the business operation for the following...

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Golden Edge is planning to create a sales budget for the business operation for the following year, see the data below: Assumption The company is expecting to have on its first quarter of 400 units, second quarter 500 on the next quarter it increases by 20% from the 2nd quarter and 650 on the fourth quarter. The computed unit price of the product is P 105 with the planned mark up of 40%. The company decide to have an ending inventory of 60 units throughout the quarters for 2023. Also the company has beginning inventory of 80 units increases by 10% consistently on the succeeding quarters. Assumption 1. The entire balance of P5,000 from previous year is collected in the second quarter of the current year. 2. Forty percent of the current quarter's sales is collected in the quarter when the sales took place. The remaining 60% is collected in the next quarter. Requirements: Create the following budget for Golden Edge company: A. Sales Budget Golden Edge is planning to create a sales budget for the business operation for the following year, see the data below: Assumption The company is expecting to have on its first quarter of 400 units, second quarter 500 on the next quarter it increases by 20% from the 2nd quarter and 650 on the fourth quarter. The computed unit price of the product is P 105 with the planned mark up of 40%. The company decide to have an ending inventory of 60 units throughout the quarters for 2023. Also the company has beginning inventory of 80 units increases by 10% consistently on the succeeding quarters. Assumption 1. The entire balance of P5,000 from previous year is collected in the second quarter of the current year. 2. Forty percent of the current quarter's sales is collected in the quarter when the sales took place. The remaining 60% is collected in the next quarter. Requirements: Create the following budget for Golden Edge company: A. Sales Budget

Answer rating: 100% (QA)

To create the sales budget for Golden Edge company we need to calculate the expected sales revenue f... View the full answer