Taylor company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed expenses of $96,000. the company believes sales will increase by 300 units, if advertising increases by $20,000.
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The Guitar Shoppe reports the following sales forecast: August, $110,000; September, $190,000. Total sales includes 30% cash sales, 55% credit sales collected in the month following sale, and 15% credit sales written off as uncollectible.
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