12. In may 2014, the budget committee of Bunker Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June.

1. Expected sales: June $1,500.000, July %1,800,000

2 Cost of goods sold is expected to be 75% of sales.

3 Desired ending merchandise inventory is 40% of the following (next) months of goods sold.

4 The beginning inventory at June 1 will be the desired amount.

Instructions:

• Compute the budgeted merchandise purchases for June.
• PreparethebudgetedincomestatementforJunethroughgrossprofit.

10. OReilly Companys projected sales as follow:

August $470,000

September $540,000

October $660,000

OReally estimates that it will collect 30% in the month of sales, 50% in the month after the sales, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts (i.e the amount will never be collected)

Instructions: How much are OReilly Companys budgeted cash receipts for October?

I do have few more.....how much you will charge????