Question

complete the question Budgeted Statements Iroda's Fancy Boots makes amazing Shoes and Boots. Management anticipates selling 1500 shoes at ($250) each for January and 1800 shoes at ($305 ) for February 2023.

Answer 1

The question involves calculating sales revenue for January and February for Iroda's Fancy Boots by multiplying the number of shoes sold by their selling price, yielding $375,000 and $549,000 respectively. This data aids in budgeting for production, marketing, and advertisement strategies.

Step-by-step explanation:

The question pertains to the creation of budgeted statements for Iroda's Fancy Boots within the realm of business studies. Specifically, the student is anticipated to forecast sales revenue for January and February 2023 based on given selling prices and quantities. To calculate this, you would multiply the number of shoes expected to be sold by the selling price for each month. Thus, for January, the calculation would be 1,500 shoes at $250 each, resulting in a total sales revenue of $375,000. For February, the calculation would be 1,800 shoes at $305 each, leading to a total sales revenue of $549,000.

It is also important to consider that generating precise budgeted statements can help companies like Iroda's Fancy Boots plan appropriately for production costs, marketing strategies, and sales projections. For instance, the information regarding sales revenue could be vital for determining how many advertisement pages the company should purchase or the likelihood of all those pages featuring their footwear products.

Answer 2

The anticipated sales revenue for Iroda's Fancy Boots is $375,000 in January and $549,000 in February 2023. Revenue calculations are based on product pricing and units sold, which may result in more complex figures over a full year. Advertising strategy and its execution depend on several market factors.

Step-by-step explanation:

The question pertains to the budgeted statements of a company named Iroda's Fancy Boots which specializes in the production of high-quality shoes and boots. To address the question, we need to calculate the anticipated sales revenue for the months of January and February 2023. The company expects to sell 1500 shoes at $250 each for January, resulting in sales revenue of $375,000. Similarly, for February, they anticipate selling 1800 shoes at $305 each, leading to sales revenue of $549,000. These figures are based on management's sales projections and pricing strategies.

In a broader scenario, if Iroda's Fancy Boots operated on a full-year basis with varying prices and quantities, the total revenue could be a more complex figure, such as $17,147.51 or $27,654.92. This underlines the reality that actual business scenarios often involve large, non-rounded figures over longer periods.

Concerning advertising strategies for the product, it's a matter of market analysis to determine how many pages would feature footwear, and whether it's likely all 20 pages will advertise shoes. The likelihood would depend on factors such as the advertising budget, the target audience of the pages, and the previous success rates of such campaigns.