Introduction: A small retail store is trying to decide on the best use of its advertising budget of $1,000 per month. The store can advertise on local radio for $5 per minute or on local TV for $100 per minute. Each minute of TV advertisement generates 25 times as many sales as each minute of radio advertisement. The store
Introduction: A canning company is about to receive 60,000 pounds of ripe tomatoes from which it can produce canned tomato juice or tomato paste. Each case of tomato juice requires 24 pounds of tomatoes to produce whereas each case of tomato paste only requires 8 pounds of tomatoes. At most, the company can sell a maximum o
The sales plan identifies______. expected cah flows from the sales of each product, actual sales from last year for each product, the budget level of sales, or the variance of sales from actual for each product Please advise answer & why - thanks so much!
Pierce Furnishings generated $2.o million in sales during 2004, and its year-end total assets were $1.5 million. Also, at year-end 2004, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and 100,000 of accruals. Looking ahead to 2005, the company estimates that its assets
What is the importance of the sales forecast to the financial planning?
A city health clinic treats two types of patients: 1) those with physical problems and 2) those with mental health problems. The revenues and costs associated with each type of patient are attached. Fixed costs are expected to be $2,000. a. What is the contribution margin for each type of patient? b. If out total revenue
Carter Corporation' sales are expected to increase from $5 million in 2004 to $6 million in 2005, or by 20%. Its assets totaled $3 million at the end of 2004. Carter is at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2004, current liabilities were $1 million, consisting of $250,000
PLEASE DO NOT TAKE THIS PROBLEM UNLESS YOU CAN ANSWER EVERY PART OF THIS PROBLEM!!! Attached is an Excel spreadsheet that has the income statement and balance sheet needed to complete the problem. ABC Sport supply has the following financial statements (see attached). Assume that ABC's assets are proportional to its sales. A)
Lowe Technology Corp. is evaluating the introduction of a new project. The possible levels of unit sales are the probabilities of their occurence are given in the attachment. a) What is the expected value of unit sales for the new product? b) What is the standard deviation of unit sales?
Should the sales forecast come solely from the sales/marketing groups? Why or why not?
Based on the target revenue figure, explain why you do or do not feel that the company can hit the sales goal target of +20%. Fiscal Years (in millions except share and per share amounts) 1999 1998 1997 1996 1995 Net Sales $ 6,134 $ 5,941 $ 7,081 $ 9,833 $11,062 Net Income (loss) $ 601 $ 309 $ (1,045) $ (816) $
What is the determining factor of whether a bond is sold at a discount, face, or premium? What types of industries have unearned revenue?
Cobb Tie Shops, Inc., expects sales next year to be $300,000. Inventory and accounts receivable will increase $60,000 to accommodate this sales level. The company has a steady profit margin of 10 percent with a 30 percent dividend payout. How much external financing will the firm have to seek? Assume there is no increase in
The attached selected financial statements for Apple Computers have been taken out the company's SEC filings. Answer question 2 (question 1 has already been answered) as follows based on this data. 2. Based only on your answers to question #1 (see attachment), do you think the company will hit its sales goal of +20% annual r
1. Determine for 2003 the total fixed cost and the total variable cost. 2. Determine for 2003 (a) the unit variable cost and (b) the unit contribution margin. 3. Compute the break-even sales (units) for 2003 4. Compute the break-even sales (units) under the proposed program 5. Determine the amount of sales (units) that would