## [answered] 1. ABC Company projects the next period sales will be 12,00

1. ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending inventory equal to 20% of the next months's sales. What is the desired inventory?

2. ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending inventory of 20% of the next month's sales. If the beginning inventory is 100, and the current month's sales are 14,000, what is the number of units that will need to be purchased for the current month?

3. ABC Company has sales forecasts of the following: January= \$40,000; February = \$65,000; March =\$52,580. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectable. What are the cash receipts for March? ?

1

Desired Inventory equal to 20% of the next month's sales = 12000*20% = 2400 Units 2

Desired Ending Inventory=Next Month sales *20%

(12000*.20) 2,400.00 Current Month sales 14,000.00 Total...

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Sep 18, 2020

Solution~0001001235.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

QUALITY

Approved

Sep 18, 2020

EXPERT

Tutor