Finance Homework. Pls help.?

Posted on 2014-04-11 11:44:00 in Finance by NIE

1. Problem #5, p. 109



Cyber security Systems had sales of 3,000 units at $50 per unit last year. The marketing manager projects a 20 percent increase in unit volune sales this year with a 10 percent price increase. Returned merchandise will represent 6 percent of total sales. What is your dollar sales projection for this year.



2. Problem #9, p. 109



Delsing Plumbing Company has begining inventory of 14,000 units, will sell 50,000 units for the month, and desires to reduce ending inventory to 40 percent of begining inventory. How many units should Delsing produce?



3. At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16 per unit to produce. During February the company produced 850 units at a cost of $19 per unit. If the firm sold 1,100 in February, what was its cost of goods sold (assume LIFO inventory accounting)?



4.. Victoria’s Apparel has forecast credits sales for the fourth quarter of the year as:

September (actual) ……………… $50,000

Fourth Quarter

October …………………………………. $40,000

November ……………………………… $35,000

December ………………………………..$60,000

Experience has shown that 20 percent of sales receipts are collected in the month of sale, 70 percent in the following month, and 10 percent are never collected. Prepare a schedule of cash receipts for Victoria’s Apparel covering the fourth quarter (October through December).

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