Chapter 4 Assignment

Cornerstone 4.1 Sales Budget

FlashKick Company

Required:

1.

FlashKick Company
Sales Budget
For the First Quarter

January February March Quarter

Practice ball:
Units 50,000 58,000 80,000 188,000
Unit price (multiplied by) $8.75 $8.75 $8.75 $8.75
Sales $437,500 $507,500 $700,000 $1,645,000

Match ball:
Units 7,000 7,500 13,000 27,500
Unit price (multiplied by) $16 $16 $16 $16
Sales $112,000 $120,000 $208,000 $440,000

Total sales $549,500 $627,500 $908,000 $2,085,000

2.

FlashKick Company
Sales Budget
For the First Quarter
January February March Quarter
Practice ball:
Units 50,000 58,000 80,000 188,000
Unit price (multiplied by) $8.75 $8.75 $8.75 $8.75
Sales $437,500 $507,500 $700,000 $1,645,000

Match ball:
Units 4,200 4,500 7,800 16,500
Unit price (multiplied by) $16 $16 $16 $16
Sales $67,200 $72,000 $124,800 $264,000

Tournament ball:
Units 2,800 3,000 5,200 11,000
Unit price (multiplied by) $45 $45 $48 *$46.42
Sales $126,200 $135,000 $249,600 $510,600

Total sales $630,700 $714,500 $1,074,400 $2,419,600

*$510,600/11,000 = $46.42