Answer:
The sales projections for the first 6 months are:
Product: XQ-103
Q1 + Q2 Sales (units) = 49,220
Q1 + Q2 Sales ($) = $689,080
Product: XQ-104
Q1 + Q2 Sales (units) = 30,260
Q1 + Q2 Sales ($) = $817,020
Explanation:
A sales budget is implemented to support the planning process of a Business. It give an indication of the commercial engagements the business intends pursuing over a course or period and helps the Business managers evaluate if this is in line with the corporate objective.
A lot of factors are considered before developing a sales Budget. Some are external while others are internal. These are a few:
*First to be considered is the historical sales performance of the business.
*Then the improvement the business wants to make in how it sells and how it markets its products in the new year.
*The size of the market. Are we seeing more users or uses for our product
*competitive landscape. How well do we fare versus competition. Is it easy for new players to come into the industry etc
Edington Electronics Inc.
Sales Budget
for 2 Quarters ending June 30 2020
Product: XQ-103
Q1 projections.
Sales (units) = 22,840
Selling price Per Unit = $14
Sales in Quarter 1 = $319,760
Q2 projections.
Sales (units) = 26,380
Selling price Per Unit = $14
Sales in Quarter 2 = $369,320
First half Year projections.
Q1 + Q2 Sales (units) = 49,220
Q1 + Q2 Sales ($) = $689,080
Product: XQ-104
Q1 projections.
Sales (units) = 13,540
Selling price Per Unit = $27
Sales in Quarter 1 = $365,580
Q2 projections.
Sales (units) = 16,720
Selling price Per Unit = $27
Sales in Quarter 2 = $451,440
First half Year projections.
Q1 + Q2 Sales (units) = 30,260
Q1 + Q2 Sales ($) = $817,020
