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Question. In preparing its cash budget for May, 2NE1 Co. made the following projections: Sales P 5,000,000 Increase in inventory 200,000 Gross margin 25% Decrease in accounts payable for inventory 180,000 For May, the estimated cash disbursements for inventories were P Answer:Question. Budji Corporation is preparing its budget for 20B . For 20A , the following were reported : Sales ( 100,000 units ) P 1,000,000 Cost of goods Sold 600,000 Gross Profit 400,000 Operating Expenses 240,000 Net income P 160,000 Selling price will increase by 20% and sales volume in units will decrease by 10%. The cost of goods sold as a percent of sales will increase to 65%. Other than depreciation of P40,000 , all operating costs are variable. Budji will have a budget in net income for 20B of P