Preparing a Sales Budget Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Preparing a Sales Budget
Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first 3 months of the coming year:
January
41,000
February
38,000
March
50,000
The average price for a drum is $41.
Required:
Prepare a sales budget for the first 3 months of the coming year, showing units and sales revenue by month and in total for the quarter. Do not include a multiplication symbol as part of your answer.
Patrick Inc.
Sales Budget
For the Coming Quarter
January
February
March
1st Quarter Total
Units
41000
38000
50000
129000
Price
$41
$41
$41
$41
Sales
$
$
$
$
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
