Bear, Inc. estimates its sales at 200,000 units in the first quarter and that sa

Question

Bear, Inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $ 35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at A. 245,000. B. 230,000 C. 305,000 D. 240,000. Cash collections for the third quarter are budgeted at A. $ 4,746,000 B. $ 6,888,000 C. $8,274,000 D. $9,576,000

Explanation / Answer

correct answer is 8,274,000

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.