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 Gear Fourth Enterprise currently have sales of P1,250,000 and forecasts a sales increase to P1,650,000 next year

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 Gear Fourth Enterprise currently have sales of P1,250,000 and forecasts a sales increase to P1,650,000 next year. The firm's current assets equal P100,000. Current assets and current liabilities will rise directly with sales. The firm presently has P70,000 in account payable, and P30,000 in common equity. Gear Fourth plans to pay 5% of net profit for its dividends next year. The firm has a 7% net profit margin Calculate the additional funds needed in order to fulfill Gear Fourth forecasted sales.

b. Hoshi Corp. has projected sales to be P40,000 in October, P55,000 in November, P85,000 in December, and P70,000 in January. Hoshi wants to have 25% of next month's sales needs on hand at the end of a month. The firm's inventory for October 1 is P9,000. The firm has 40% average gross profit. Prepare a schedule to show the budgeted purchases for the 4th quarter - October, Novermber and December.

c. Woozi Corp. has projected sales to be 500,000 units in January, 650,000 units in February, and 750,000 units in March. Woozi wants to have 40% of next month's sales needs on hand at the end of a month. What are the February purchases?